retail news

Philippines-based Wilcon Depot launches online store

Items can be delivered, or picked up at the nearest store.

Sheng Siong clinches lease agreement for third China store

The store is expected to be operational before end-Q3.

Sino Group launches $2.58m rewards for eight malls

It will hold a cash rebate luck draw with livi bank for seven weeks.

Entertainment retailer YesAsia launches Hong Kong IPO

Over half of the proceeds from the global offering will be used for marketing.

KKR buys stake in India’s Vini Cosmetics for $625m

The beauty brand has 700,000 points of sales in the country.

Alibaba invests $1b for cloud investment across APAC

It will launch data centres in the Philippines and Indonesia.

Organised pharmacy retail on the rise in the Philippines

Manila, Central Luzon and Bicol have been the key target regions for new pharmacies.

HKEX-listed Cafe de Coral plans China expansion

It is looking to penetrate residential areas in Tier 1 cities.

Lenovo Lecoo’s stores will go online with Dada’s JDDJ

Lecoo aims to launch 600 stores in the coming year.

South Korea’s TV commerce firms foray into live broadcast

The country’s live commerce market has been growing at a rapid pace.

India’s retail recovery tipped to extend to 2022

Real household spending is not expected to hit pre-pandemic levels by 2021.

Shinsegae-led consortium wins eBay Korea bidding

This will mark the largest M&A deal in the country in H2 2021.

Sa Sa International to close 15-20 Hong Kong stores

It will have 38 retail leases expiring by March 2022.

Dada Group’s JDDJ clinches tie-ups with 30 supermarkets

It has also expanded its one-hour shopping service to lower-tier cities.