Politics

Lawson to launch Thai business

Source: 
The Japan Times Online

Lawson Inc. is in final stages of negotiations on setting up a joint venture with the Saha Pathanapibul group, a major Thai retailer, to open convenience stores in the Southeast Asian nation, according to sources.

The plan is part of the major convenience store chain's strategy to expand its businesses in Southeast Asia, where demand is expected to increase in line with rapid economic growth.

Chinese firms wave the flag to cash in on Japan tension

Source: 
The Malaysian Insider

Chinese internet giant Baidu and companies across the country are tapping a frenzy of nationalist sentiment, launching patriotic promotional campaigns as thousands take to the streets to protest against the Japanese government's purchase last week of some disputed islands from a private owner, islands China claims as its own.

Be it to drive traffic to websites or garner customer loyalty, companies have rushed to wave the Chinese flag to try to cash in on the worst anti-Japan protests in decades surrounding the islands, called the Senkaku by Japan and Diaoyu by China.

Mega Home plots mega expansion in Thailand

Source: 
Bangkok Post

Mega Home Center Co, operator of the home and construction materials chain in Thailand, is confident of achieving its first year’s sales target of THB2.5 billion (USD77.2 million) thanks to the improving economy.

The strong construction industry and robust housing estates are also prompting the company to open four new Mega Home branches next year, bringing the total to eight nationwide.

Myanmar's 1st KFC restaurant to open in 2015

Source: 
Jakarta Globe

Yum Brands is partnering with Singapore-listed Yoma Strategic Holdings to debut a KFC restaurant in Myanmar in 2015, making it one of the first big Western fast-food chains to enter the newly emerging market.

Global companies have been lining up to take advantage of an underpenetrated market in Myanmar, which has been opening up since 2011 after decades of military dictatorship.

HK consumer prices up 3.9pc in August

Overall consumer prices rose by 3.9 percent in August 2014 over the same month a year earlier, rHong Kong's Census and Statistics Department (C&SD) Overall consumer prices rose by 3.9 percent in August 2014 over the same month a year earlier, rHong Kong's Census and Statistics Department (C&SD) reported recently.

Groupon HK opens new concept store

Groupon is opening of a new concept store at Windsor House in Causeway Bay. The store will serve as a redemption center of products purchased from the company’s vast online and mobile marketplace.

Upon customers’ arrival, purchased items are instantly dispatched via an in-store conveyor system ready for pick up within moments. The new process reduces the wait time for Groupon customers by half.

Case Study: Innovation Is Always In Fashion At Soma Intimates

When it comes to making women look and feel beautiful, Chico’s has it all covered. For 30+ years, Chico’s FAS, Inc., has served the lifestyle needs of fashion-savvy women. Today their portfolio consists of four popular brands: Chico’s, White House | Black Market (“WH|BM”), Soma Intimates (“Soma”), and Boston Proper.

Indonesia to revise rules on modern retail shops, franchises

Source: 
The Jakarta Post

The Indonesian government plans to revise two trade ministry regulations on modern retail shops and franchises, which it claims will improve the business climate in the domestic retail industry.

The changes in both rules may include removing the trade minister's requirements on the sourcing of goods and scrapping the maximum number of retail shops and franchises permitted for business owners, according to Trade Minister Muhammad Lutfi.

Health costs, weak store traffic hinder Walmart

Source: 
The Wall Street Journal Online

The world's largest retailer is having a hard time returning to growth and doesn't expect sales to improve in the US for much of the rest of the year. Wal-Mart Stores Inc. cut its earnings guidance for the year after it posted its seventh straight quarterly decline in US store traffic and said growth in online sales would slow.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

 

New Zealand shoppers watch their spending as economic growth eases

Source: 
Shanghai Daily

Spending by New Zealanders on their credit and debit cards levelled off last month, the government statistics agency announced on Wednesday, in the latest sign that the country's economic growth was slowing.

Retail spending with electronic cards was unchanged in June, following a rise of 1.2 percent in May, according to Statistics New Zealand. "Spending rose in three retail industries and fell in three during June," business indicators manager Neil Kelly said in a statement.

Syndicate content