Stores

Philippine-based Figaro Coffee's net income rises by over 50% in Q1

Its net income after tax stood at P99.3m (US$1.7m). 

Tim Hortons to launch in South Korea

It signed a master franchisee agreement with South Korean QSR chain BKR Co. Ltd.

DFI Retail names new Group chief executive

Scott Price will assume the position on 1 August.

Philippines’ SMFB sustains growth momentum in Q1

The food and beverage company reported an 8% rise in consolidated net income. 

Watsons expands products under the Sustainable Choices scheme

There are now 8,000 products offered under the scheme.

Suntory Pepsi rolls out 100% recycled PET bottles in Thailand

PET bottles accounted for nearly 60% of soft drinks packaging volume in 2022. 

Philippines’ Universal Robina net income flattens in Q1 

This is due to higher financing costs and non-cash impairments in its farm business. 

China leads new stores opening in 2022

The country accounted for 41% of all stores that opened last year.

Domino’s Pizza to open over 400 stores in China until 2024

This came after the franchisee in China debuted on Hong Kong Stock Exchange.

Australia’s retail sales up 0.4% in March

This is higher than the 0.2% increase in the previous month. 

Out and about, Asia Pacific consumers seek tactile experiences

Retailers need to use their stores for brand storytelling and multifunctional purposes to engage customers.

Hong Kong reclaims status as global hub for lifestyle products

The April Lifestyle Fair 2023, hosted by HKTDC, attracted nearly 56,000 buyers from over 130 countries.

Australians prefer in-store retail due to digital shopping fatigue

Around 3 in 5 Australians want in-store retail therapy.

SKS Capital invests in South Korea’s Grace

The $5m raised will be used for Grace’s business expansion.

Retailers could bear the brunt of Malaysia’s proposed luxury tax

Introducing a tax on luxury items may send Malaysian consumers, tourists flying off on shopping sprees abroad.

FJ Benjamin opens new concept store in Singapore

A 40-seater cafe and bar are open for customers.