Stores
JFC net income skyrockets to $43.9m in Q1 2022
JFC net income skyrockets to $43.9m in Q1 2022
The increase from $2.9m in Q1 2021 is backed by property transfer and sales.
Subway, Pegacorn ink agreement for expansion in Peninsular Malaysia
Around 500 Subway stores will be opened under the master franchise agreement.
Reliance picked as official retailer of Tod’s S.p.A.
The company will be a franchisee of the shoemaker brand across all categories.
7-Eleven Hong Kong launches bags with Peanuts characters
The bag was designed by Japanese denim label FDMTL.
Weekly News Wrap: Thai army boycotts Lazada; Tax, input costs hit Reliance’s profits
And Indian grocery startup Zepto raises $200m in fresh funding.
APAC’s Q1 retail growth momentum dragged by movement restrictions anew
Greater China was the most affected due to strict lockdowns.
Comfortable office furniture doesn’t have to cost ‘silly money’: ErgoTune and EverDesk+
The Singapore brands brought ergonomic chairs and desks to overseas markets with prices starting at $399 and $599, respectively.
Hong Kong retail sales drop 13.8% YoY in March
Local epidemic situation dampened consumption confidence
Tailor-fitting retail stores to catch up on the digitisation race
Retailers would need over 200 hours to manually digitise their products, but Fairmart claims this could be trimmed down to zero.
South Korea’s Genesis BBQ opens six shops in US
The fried chicken chain now has 150 shops in 19 states in the country.
South Korea’s convenience stores ramp up liquor store openings
CU’s liquor stores enjoy higher alcohol sales than its other stores.
Weekly News Wrap: Panic buying seen in Beijing stores; Billionaire takes on India’s retail giants with new e-commerce platform
And investigators raid Amazon, Flipkart’s top sellers for data, and documents.
Singapore’s retail growth to rely on essential spending: Fitch
Real household income growth is expected to be relatively modest in 2022-2026.
APAC to drive over $60b global airport retail market: report
This will be driven by an increase in retail space, and rising passenger numbers amongst others.
South Korean retailers expectations high as restrictions ease
But there are concerns lifting of social distancing rules could hit large discount stores.
South Korea-based CU opens 200th outlet in Mongolia
The convenience store chain made forays in the market four years ago.
Central Retail’s e-grocery launches subscription services
The company offers free standard express deliveries at less than $3 a month.
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It was honoured for improvements to its shopping platform, "Platform of Opportunity," and Disney-themed customer experience.
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Packaging the future: Why Asia’s F&B sector must treat sustainability as strategy