retail news
Philippines’ Wilcon Depot pushes for 100 stores by 2025
Philippines’ Wilcon Depot pushes for 100 stores by 2025
It currently has 60 stores across the country.
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.
Suning’s Retail Cloud launches 247 stores in 618 festival
The company opened 214 new stores in May.
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.
Coupang launches $195m distribution centre in Busan
It is expected to be completed by 2024.
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.
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