Stores
AllHome poses double-digit net income growth in 2021
AllHome poses double-digit net income growth in 2021
The company recorded a 46% year-on-year increase to P1.44b.
IKEA to open 4th store in Thailand
It will be located at Emsphere on Sukhumvit Road.
South Korea retail sales climbs 4.7% in February
Online sales during the month offset the decline seen in offline sales.
Weekly News Wrap: Russia turns to Chinese and Indian retailers; Alibaba’s shares rise 11% after raising share buyback program
And Indian lenders are set to start debt recovery proceedings against Future Retail.
Korea Seven’s takeover of Ministop Korea clinches regulator approval
The approval is expected by the regulator to spur three-way competition in the market.
Bangkok’s retail growth to depend on government support: report
Activity revived in Thailand’s industry in Q4 2021 but outlook remained muted.
Taobao Deals launches 10-Yuan store
It has also unveiled a 100 store for higher-value products.
Sumimoto, BRG Group to open around 50 FujiMart stores in Vietnam by 2028
They plan to open five to 10 stores annually.
Tim Hortons’ mid-2022 launch in India is ‘well-timed’: GlobalData
The Canada-based restaurant chain will likely benefit from the resurgence of ‘out-of-home dining.’
Singapore Retailers Association elects Ernie Koh as new president
He will take over R Dhinakaran, who sat for three consecutive terms since 2016.
Thailand’s 2022 consumer spending recovery will be slow: Fitch
Spending is expected to return to pre-pandemic level by 2025.
AllHome expects increased footfall as the Philippines reopens economy
The company has observed many of its consumers are “revenge shopping” in its stores.
Which APAC shoppers should businesses watch?
This includes digital streamliners, and social explorers, amongst others.
H&M opens doors in Cambodia
H&M’s first store in the country is located at the AEON Mall.
Japan’s Nitori Retail enters Singapore
Its first store in the Lion City will open on 31 March.
Weekly News Wrap: Chanel duels South Korean resellers; Dingdong apologizes over expired food products
And Indian beauty company Nykaa is eyeing physical retail expansion.
JD’s Seven Fresh rolls out autonomous vehicles in Shenzhen
The fully automated vehicles can travel for up to 100 kilometres.
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