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 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.
The protests of Cambodian garment workers which ended in a fatal clash with police early this month highlight the plight of workers who make a significant contribution to the country's economic success.
The protesters, whose demonstrations bolstered efforts by the opposition Cambodian National Rescue Party to challenge prime minister Hun Sen, were demanding an increase in the minimum wage - which is now US$95 per month (about 3,100 baht) - to US$160.
Tyco Retail Solutions (www.tycoretailsolutions.com), a leading provider of retail performance and security solutions, today announced its Sensormatic anti-theft source tagging program achieved an industry milestone, protecting 50 billion consumer products worldwide -- five billion in apparel alone.
Walmart is aiming to become the price leader of the Chinese retail industry next year, Greg Foran, President and CEO of Walmart China said last week when visiting Walmart Qinghe store in Beijing.
According to Foran, the US retail giant has made great strides in reducing merchandising and operation costs, selecting suppliers on a nationwide and worldwide scale, centralising merchandise, reducing product prices, and offering Special Worry-Free products in the past 18 month.