Central Retail Corporation, Thailand’s biggest retailer, recently revealed plans to invest THB 100 billion (USD 3 billion) over the next five years to expand its retail businesses. The retailer also announced that it aims to boost revenue growth and market...
HappyFresh, an Indonesian online grocery company, has launched a store branch, HappyFresh Supermarket, to deliver groceries to customers across Southeast Asia (SEA). HappyFresh Supermarket will take advantage of HappyFresh’s current partnerships with supermarket...
Despite the pandemic impact, foreign retailers are implementing a multi-channel sales strategy and enhancing operations and delivery services to enlarge their business in Vietnam. According to Ho Chi Minh City’s Department of Industry and Trade, Vietnam is a...
DHL Express, a worldwide logistics company has widened its presence in Malaysia with the launch of a new mobile “ServicePoint” and through a partnership with Parcel365 as its exclusive international shipping partner. The logistics provider said the latest...
Uniqlo has announced plans to open 5 new stores and refresh 2 of its existing stores in 2022, expanding its footprint to 31 stores island-wide. This move likely comes due to a surge in retail sales in 2021, which rose 11.1% year-on-year in 2021 after a decline of...
AllDay Supermarket, one of the fastest-growing supermarkets in the Philippines and a retail arm of conglomerate Villar Group of Companies, has launched “smart carts” in its stores. AllDay has been at the forefront of bringing in first-to-market innovations in the...
Vietnam has a huge potential to become a new destination for luxury brands in the near future. The country’s rising high-income consumers are the main attribute to the positive outlook of the market. Specifically, Vietnam’s GDP per capita has increased nearly three...
Mitsui Fudosan has opened a Japanese lifestyle shopping mall LaLaport in Kuala Lumpur, its second overseas outlet after Lalaport Shanghai Jinqiao in China. The mall is expected to bring in more Japanese retailers into the market, as the outlet, known as Mitsui...
The Covid-19 pandemic has provided the digitization catalyst for many businesses. Covid-19 precautions have led to fewer wine tasting opportunities, which has led wine giant Penfolds to employ high-tech “phygital” interactive sensory tools to engage...
A bill that amends the Retail Trade Liberalization Act (RTLA) of 2000 was signed by President Rodrigo Duterte into law. Known as RA 11595, the new law will lower the amount of investment required of foreign-owned retail trade enterprises, effective January 21, 2022....
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital Group, and the latest new investor Falcon Edge Capital. The funding made the company achieve...
Home improvement brand MR D.I.Y. has announced its goal of opening at least 100 new stores a year, spurred by strong revenue over the past two years despite the Covid-19 pandemic. In a recent interview, the chief executive of the company announced that MR D.I.Y. wants...
