Specialty coffee and tea retailer, The Coffee Bean & Tea Leaf (CBTL), is looking at adding 12 more outlets in Malaysia next year.
Its Director of Marketing & Development, Fiona Rodrigues, said the company currently has 50 outlets nationwide, employing over 800 workers.
"We're now looking at new towns. Economic spending in Malaysia is not confined to the urban areas anymore. The next locations for us are Ipoh and Cyberjaya," she said in an interview with Bernama.
Worsening congestion on Indonesia's roads has turned into a source of growth for Indonesian minimarket operators including Modern Internasional, which offers internet access, taxi services and a convenient place to buy everything from ice cream to batteries. Profit at the Jakarta-based company will jump 28 percent next year while earnings at rival Sumber Alfaria Trijaya are projected to rise 19 percent, versus 16 percent for the Jakarta Composite Index, analyst estimates compiled by Bloomberg show.
The Hefei ID Mall, a 170,000-square metre retail and office development project, is set to rise in Hefei, Eastern China in 2015.
Designed by global architecture, urbanism and design practice Broadway Malyan, the shopping mall will take up 110,000 square metres of the property across six levels. It will also have a 60,000 square metre high-grade office space in a 150 meter tower.
Starbucks opened its 30th store in India on Saturday - a flagship store in Bangalore located opposite Raheja Arcade Koramangala.
The store is spread over approximately 3,000 square feet and the store design takes inspiration from the architectural style and tradition of the Bangalore Bungalow. It also pays tribute to the significance of its location in Karnataka – the birthplace of coffee in India.
Miu Miu is pursuing its development in Asia with the expansion and transformation of its Hong Kong flagship store.
The prestigious 1,000 square-metre outlet on Peking Road carries the complete brand’s collections of ready-to -wear, footwear, handbags and accessories.
Australia's largest retailer of consumer electronics products announced plans of listing on the Australian Securities Exchange (ASX).
Dick Smith Holdings Limited (Dick Smith) lodged the prosecutes for the Initial Public Offering (IPO) with the Australian Securities and Investments Commission (ASIC) on Thursday.
Based on a share price of AUD2.20 per share, the company expects the offering to raise AUS344.5 million (USD).
The mainland's online shoppers set another record on Monday as major retailing websites offered massive discounts on Singles' Day. Taobao and Tmall, the two main online retailing platforms of Alibaba Group, smashed last year's combined record of CNY19.1 billion (USD3.1 billion) sales for the whole day in the first 13 hours yesterday. By 9.20 p.m., the total exceeded CNY30 billion (USD4.9 billion), the company said on its weibo account.
In an effort to bridge the gap between the online and offline shopping worlds, China's Single's Day online shopping festival is expanding this year to traditional stores.
Alizila, the news website of the Alibaba Group, reported that a number of brands on Tmall are extending their promotional actives to some 30,000 physical stores.
By encouraging shoppers to visit stores to touch, feel and try out the products, retailers hope to encourage sales. However, they can still opt to buy the goods online.
Chinese shoppers are cutting back on designer duds, leather handbags and pricey watches, putting a drag on global sales of luxury goods, which a study forecasts to expand just 2 percent this year.
The analysis released Monday by Bain & Company estimated 2013 luxury sales at EURO217 billion (USD300 billion), up from EURO212 billion (USD288 billion) in 2012. The increase is a fraction of the double-digit growth enjoyed the previous three years.
With signs of enthusiasm for established brands waning in China, less recognized independent brands believe it may be their time. At least, dynamic duo of retailer Opening Ceremony and current Kenzo creative directors Humberto Leon and Carol Lim think so.