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.
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.
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.
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.
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.
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.
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