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 board of the Central Group of Companies, Thailand's largest retail conglomerate, appointed two new executives to spearhead its international efforts.
Suthichai Chirathivat was appointed chairman of the group's board of directors, replacing Vanchai Chirathivat, who passed away last year. His main role is to supervise and advise the executive committee of Central Group.
The board also named Tos Chirathivat as chairman of the executive committee and CEO of Central Group, succeeding Sudhitham Chirathivat, who retired on 29 Nov this year.
The value of retail sales in Hong Kong, estimated at USD37.8 billion, increased by 6.3 percent over a year earlier, the Census and Statistics Department (C&SD) reported on Thursday.
The Census and Statistics Department (C&SD) released the latest figures on retail sales today (November 28).
For the first 10 months of 2013, total retail sales increased by 11.9 percent in value and 11.3 percent in volume over the same period a year earlier.
Sales of jewellery, watches and clocks, and valuable gifts increased the most (16.8 percent).
Overall consumer prices in Hong Kong rose by 4.3 percent in October 2013 compared to the same month a year ago, the Census and Statistics Department (C&SD) reported recently.
Taking the first 10 months of 2013 together, the composite consumer price index (CPI) rose by 4.3 percent over a year earlier.
A government spokesman said that underlying consumer price inflation eased slightly further to 4 percent year-on-year in October, mainly because food prices rose more moderately after the temporary surge in September amid the bad weather conditions.
Wal-Mart Stores Inc. announced Monday that its board of directors elected company veteran Doug McMillon succeed Mike Duke as president and chief executive officer effective 1 February 2014.
McMillon was also elected to the company’s board of directors, effective immediately.
Shashwat Goenka, scion of R.P. Sanjiv Goenka-owned Spencer’s Retail, is repositioning the brand as a ‘food-first’ retailer. The company is looking to differentiate its hypermarkets by offering gourmet products apart from general merchandise. The 23-year-old Wharton-educated Goenka will be rolling out Epicuisine hub, a gourmet and live kitchen inside the Spencer’s hypermarket formats to cater to the growing demand for gourmet products.
The retail landscape in Hong Kong continues to shift and retailers continue to take a more cautious approach to the market, the latest CBRE Hong Kong Prime Retail MarketView published recently said.
In the third quarter of 2103, CBRE said leasing activities were driven by the jewellery, pharmacy and cosmetic retailers, targeting mainland Chinese consumption.
Tex Saverio, the rising star of Indonesia's fashion world, debuted his ready to wear line at the Place de la Concorde in Paris on Saturday.
The theme of his ready to wear collection, "Fantasy Made Reality," consists of looks made from separates with some pieces that can be actually worn in two different ways.
The Body Shop is well-known for its cruelty-free stance at animal testing. With stores all over the globe, the company has been awarded with the Leaping Bunny mark by Cruelty Free International to certify that no animals have suffered in the making and testing of its products.
Recently the company campaigned for the global "Against Animal Testing" petition in collaboration with Cruelty Free International, aiming to raise 1 million signatures for this petition from around the world to ban the production and sales of animal-tested cosmetics in Southeast Asia.