Friday, June 5, 2020
(Source: Inside Retail Asia | August 28, 2017) Global supply-chain manager Li & Fung saw its half-year core operating profit jump by 11.9 percent to US$170 million. Profit attributable to shareholders increased by 51.3 percent to $101 million, while total margin...
(Source: Inside Retail Asia | 21 October 2016) Seven-digit funding has been provided by Vietnam’s NextTech Group of Technopreneurs and Malaysia’s Haspro Holdings for WeShop.co.id. Both groups have also invested an undisclosed amount for the parent firm WeShop Global Group to...
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...
(Source: Inside Retail Asia | 7 June 2016) The fast-growing population of smartphones and tablets are driving an Asian mPOS boom. Mobile point-of sale (POS) terminals will take on a significant role in businesses, handling 40 per cent of all retail...
(Source: Biz Community | May 16, 2018) Over the last decade, the retail industry has seen a shift in how it operates. The exponential increase in online shopping has had a significant impact on how we buy our products. Long...
(Source: GMA News | 25 November 2016) Online spending by US bargain hunters climbed to above $1 billion by Thanksgiving evening, according to Adobe Digital Index, surging almost 14 percent from a year ago and reflecting a broader trend away...
(Source: Northjersey.com | 8 March 2017) Starbucks, facing heavy competition, mobile-ordering hiccups and even boycott threats, has been losing U.S. customers to rivals. In February, the company ceded market share to other chains, according to data from xAd Inc., a research...
(Source: Inside Retail Asia | January 11, 2019) Hong Kong-based healthcare and beauty retailer Watsons continues expansion and is set to launch in Vietnam on January 17, in the lower floors of the high-profile Bitexco tower in downtown Ho Chi...
Online grocery in Asia is developing at a rapid pace, with the market set to grow from its current value of US$99bn to US$295bn by 2023, according to the latest forecasts from international researcher IGD Asia. Highlights from the research...
(Source: Inside Retail Asia | 07 February 2017) Hit by fallout from the Korean government’s plan to deploy a US-made missile shield, the Lotte Group is shutting three retail shops near Beijing. Korea’s fifth-largest conglomerate, Lotte was hit by a series...
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