Stores
Malaysia to record ‘healthy’ spending growth in 2022: Fitch
Malaysia to record ‘healthy’ spending growth in 2022: Fitch
It posted a three-year high 29.9% growth in retail sales in May.
First Nike Style concept store opens in South Korea
It is located in Hongdae in the capital Seoul.
Philippines’ Emperador lists on SGX main board
It aims to generate 50% of its sales from outside the Philippines by 2025.
JD Worldwide launches physical experience center in Xi’an
The centre showcases various products such as food, liquor, and supplements.
Central Retail, GULF partner for solar power production
They invested $2.5m to establish Greengen Energy.
Weekly News Wrap: Alibaba shares surge 60% as crackdown expected to ease; Pret bets on local tastes in Reliance tie-up
And BGF Retail wins big with a $2 lunch amidst surging inflation.
Shenzhen’s retail market face concerns despite expansion
Retail sales of consumer goods fell in the first quarter.
Central Retail eyes investing over $862.2m in Vietnam in the next 5 years
It plans to be to number one omnichannel platform in Vietnam.
Philippine-based liquor firm to join SGX main board on 14 July
It will be the first Philippine-listed company to hold a secondary listing on SGX.
Malaysia posts highest wholesale, retail trade sales since 2013 in May
It increased by 19.9% YoY to around $29.4b.
Costco completes purchase in 45% stake in Taiwan business
The company operates 14 warehouses in Taiwan.
Alibaba’s RT mart launches bottle recycling initiative in China
Empty plastic bottles will be transformed into table tennis tables.
Weekly News Wrap: Ambani’s kin to head Reliance’s retail arm; China Tourism Group to relaunch Hong Kong listing plan
And an Australian appliance chain pauses its facial recognition trial.
‘Clean’ beauty drives Philippines’ skincare market: report
The market could reach $1.5b by 2026.
Philippine-based Century Pacific expands ‘unMEAT’ portfolio with fish-free tuna
This is in addition to “unMEAT” luncheon meat and “unCHEESE.”
A.S. Watson invests $114.7m more in tech to improve customer experience
Priorities for investment include O+O solutions and in-store technologies.
J Shop opens first flagship store in southwest China
Around 400 brands and 2,000 products are carried in the shop.
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