Tag Archives: retail

Retailers reminded to observe SRPs during typhoons, calamities

(Source: angmalaya.net | July 9, 2015) The Department of Trade and Industry (DTI) reminded retailers to observe and still implement suggested retail prices (SRPs) particularly on basic goods during typhoons and calamities. DTI Consumer Protection Group Undersecretary Victorio Mario A. Dimagiba said in a text message that the department continues its market monitoring despite the inclement weather brought by typhoon ...

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Japan’s Aeon interested in buying Tesco’s Malaysia unit, say sources

(Source: Retail in Asia | July 9, 2015 ) Japan’s Aeon Co Ltd is interested in buying the Malaysian operations of Britain’s Tesco PLC, valued at about GBP900 million (USD1.4 billion), people familiar with the matter told Reuters. Japan’s largest retailer has been venturing into Southeast Asia where purchasing power is rising in fast-growing economies. In contrast, growth has been ...

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APRCE Manila as one-stop shop for Asia-Pacific retail market intelligence

(Source: BusinessMirror | July 7, 2015) Retailers and businessmen looking to expand to Asia-Pacific markets will find up-to-date developments in the world’s fastest-growing region at the Manila edition of the Asia-Pacific Retailers Convention and Exhibition (APRCE) from October 28 to 30 at the SMX Convention Center in Mall of Asia, Pasay City. The APRCE is the biggest and longest-running retail industry ...

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Accenture and Fast Retailing join forces to develop digitally enabled consumer services

(Source: Retail in Asia | June 16, 2015) Fast Retailing, the parent company of Japanese fashion chain store Uniqlo, is forming a joint venture with management consulting firm Accenture to accelerate the digital innovation of consumer services for its customers globally. Expanding on a long-standing relationship, the two companies will explore ways to expand their collaboration to deliver personalised customer ...

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‘Huge disruptions’ to change face of shopping by 2025

(Source: by Chris Schnabel | Rappler | June 10, 2015) In a decade’s time, the retail sector will look nothing like it is now, says market research firm TNS Massive disruptions in retail sector will change the face of shopping in the future, making it totally unrecognizable from its current form, according to global market research firm TNS and Kantar, a ...

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A Paradigm Shift In Retail Consumer Behavior

(Source: timetrade  ) TimeTrade recently conducted a survey of 1,029 consumers regarding their perceptions and habits around retail shopping. Results indicate that 85% of consumers go into the store to “touch and feel things” and 71% prefer to shop in Amazon’s physical store versus Amazon.com These statistics show that retail is seeing a paradigm shift in consumer behavior. Consumers are ...

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Many top retailers remain skeptical in ‘year of Apple Pay’

(Source: By Nandita Bose | Reuters | June 5, 2015)   In a January earnings call with investors, Apple Inc. Chief Executive Tim Cook made a confident prediction: “2015 will be the year of Apple Pay,” he said. Since then, the company has aggressively courted retailers – and claimed significant success. “We’ve spoken to all of the top 100 merchants in ...

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Solid growth in Vietnam retail sales

(Source: Inside Retail Asia | June 2, 2015) Vietnam retail sales – combined with services revenue – grew an estimated 9.1 per cent in the first five months of 2015. Official figures from the government’s General Statistics Office, report a total spend of VND1,305 trillion, which equates to US$60.4 billion, from January to May. The office said excluding inflationary effects, ...

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World’s hottest retail markets

(Source: Inside Retail | May 26, 2015) Tokyo is the world’s hottest city for new retailer expansion, attracting 63 new retail brands, according to CBRE’s new report, How Global is the Business of Retail? The report highlights that retailer globalisation continued in 2014 as retail brands targeted a wide range of locations across the world. A total of 164 cities ...

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Aseana City lures top property developers

(Source: By Richmond S. Mercurio (The Philippine Star) | May 25, 2015) Aseana Holdings Inc. expects its masterplanned Aseana City to make big waves within the next five years as all of the country’s major real estate players have indicated their desire to be part of the development. In an interview, Aseana Holdings managing director Delfin C. Wenceslao told The STAR ...

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