Wednesday, November 20, 2019
By: Nancy Luna, Nation's Restaurant News McDonald’s moved one step closer to powering the making of Big Macs and fries with solar and wind energy. The Chicago-based quick-service chain said it is investing in two Texas-based startup companies that are generating...
By: Bloomberg.com Bulgari plans to add stores in China, saying jewelry sales there could potentially double over the next five years as it dodges a broader slowdown in the world’s second largest economy. “Year after year a huge upper middle class...
By: Inside Retail Asia Japanese department-store operator Takashimaya is banking on its Vietnam and Thailand flagships to drive growth this year as it seeks to achieve profitability in its Southeast Asian business. To date, Singapore has been the sole profitable store...
By: Euromonitor The retailing landscape in Asia Pacific is more challenging than ever, and the major market chains must adapt quickly to changes to remain relevant, according to the latest whitepaper released by Euromonitor titled Top 100 Retailers in Asia...
By: Tong Van, Inside Retail Asia Japanese fashion retailer Uniqlo and Toray Industries have created apparel made from recycled down and fabric from polyester fibers made with recycled PET bottles. The technology partnership will lead to clothes made from recycled plastic...
By: Inside Retail Asia Sales at Ikea stores in Southeast Asia exceeded SG$1 billion (US$723 million) for the first time this year, reflecting healthy growth for a big-box retail business. Christian Rojkjaer, MD of Ikea Southeast Asia, says more than 98...
By: Manila Bulletin, Reuters Fashion retailer Forever 21 Inc said on Sunday it has filed for Chapter 11 bankruptcy protection to restructure its business, joining a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition. The...
By: Shirley Zhu Asia’s leading convenience retailers are predicted to grow 6.6% a year to 2022 by US$5.1trillion, according to forecasts from international research organisation IGD. Based on a survey of the top 10 Asian convenience retailers, the research anticipates...
By: Tom Brennan, Christine Chou Alibaba Group celebrated its 20th anniversary on Tuesday with a gala celebration in Hangzhou, highlighting its journey from 18 founders of a tiny e-commerce startup – launched from Jack Ma’s small apartment – into the $447...
The Philippine Retailers Association (PRA) was recently voted to be part of the five-member Advisory Council of the Federation of Asia-Pacific Retailers Associations (FAPRA) along with China, Japan, Korea, and Singapore Retail Associations. The FAPRA Advisory Council serves as the...
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