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 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.
Many streets in HCM City, including major downtown ones, big and small shopping malls, and stores are beautifully decorated as people prepare to welcome Christmas and New Year.
Stores are also filled with a wide range of goods and have unveiled promotions for the festive season.
According to businesses, demand has increased significantly compared to last year, with pine trees, jingle bells, ornamental balls, laurel wreaths, and Santa Claus effigies being the bestsellers.
The Supreme Court has rejected a lawsuit filed by Uniqlo demanding damages over a book that describes overwork situations faced by its managers.
The top court's Third Petty Bench made a decision, dated Tuesday, not to accept the plaintiff's appeal against lower court rulings that deemed core parts of the book to be true.
According to the lower court rulings, the book, published in 2011 by Bungeishunju Ltd., claims that a Uniqlo store manager worked more than 300 hours per month, including unpaid overtime, and that the employer ignored the situation.
India’s online marketplace Snapdeal has launched a specialty online to cater to the special needs of persons with disabilities for the International Day of People with Disability.
The Rehab and Support Store is the first of its kind virtual store in India aimed at providing accessibility to differently abled people for a convenient shopping experience.
The value of total retail sales in Hong Kong in October 2014, provisionally estimated at $38.3 billion, increased by 1.4 percent over a year earlier, the Census and Statistics Department (C&SD) reported.
The Hologram Manufacturers Association of India (HoMAI), Asia’s only association representing holography, was relaunched this year as the Authentication Solution Providers’ Association (ASPA) with a broader mandate to help check counterfeiting and help consumers and the industry.
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.
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.
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.