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.
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.
Retail rents in Singapore may either hold or inch up over the next few years despite new supply coming on stream. This is supported by a healthy demand for retail space and the fact that rents tend to be "sticky" in nature, property analysts say.
This projection provides cold comfort to retailers looking for a breather from rising business costs. It also goes against the government's hopes of easing rents with its estimated 600,000 gross square metres of retail space supply from 2014 to 2016.
Hong Kong's total retail sales in March 2014, provisionally estimated at USD39.6 billion, decreased by 1.3 percent over a year earlier, the Census and Statistics Department (C&SD) reported on Friday,
However, for the first quarter of 2014, total retail sales increased by 4.2 percent in value over the same period a year earlier.
The government’s plan to impose a 20 percent luxury-goods sales tax on cell phones is designed to accelerate growth in the fledgling industry.
But, it also carries the risk of increased cell phone smuggling — a problem that particularly haunts foreign investors interested in establishing local manufacturing facilities, due to unfair competition.
The government's plan to impose a luxury goods sales tax (PPnBM) on cell phones will result in more than 30 percent price increases.
Access to key metrics empowers retail associates to better manage operations and enhance shopper experience
Tyco Retail Solutions, a leading provider of retail performance and security solutions, today announced the commercial launch of TrueVUE 5.0, the latest version of its flagship retail software suite and an extension of its TrueVUE Retail Platform.
Japanese retailers are seeing rush demand ahead of the tax increase next Tuesday as fears grow that the hike will take a bite out of consumer spending and derail the nascent economic recovery.
Electric toothbrushes, family-size fridges and washing machines are selling fast at household and electronics chain Bic Camera, where sales in February were up almost 14 percent from a year earlier, despite unusually poor winter weather that might have otherwise kept shoppers at home.
China remains "all the rage" for retailers, especially Asian retailers.
Fifty-eight percent of Asia-Pacific-based retailers are targeting the Chinese market, according to a recent study by property consultant CBRE, making it the "most sought after" market for Asian retailers.
With CNY23.4 trillion (USD3.81 trillion) retail market that is expected to continue to expand into 2014, and the government's plan to double household income by 2020, it's no surprise that China displays some of the highest consumer sentiment in the world.