Tokyo-based fashion retailer Toyoshima has purchased a 5 percent stake in Trisula International, an Indonesian textile producer and clothing retailer, as the Japanese company aims to increase its Indonesian imports.
Trisula is also an operator of 230 fashion stores that sell brands like Jack Nicklaus, G2000 and JOBB. Lisa Tjahjadi, president director of Trisula, said that the company will spend up to IDR8 billion (USD821,777) to open 40 new stores this year.
Indonesia is becoming a preferential place for glossy Asian fashion and lifestyle brands seeking to showcase their merchandise.
Within a month, two large Japanese retailers, Fast Retailing Co. Ltd., the brand owner of UNIQLO, and AEON MALL Co. Ltd., have established their presence by setting up flagship stores there.
Two other big department stores from Indonesia's immediate neighbours, Parkson Retail Asia, headquartered in Malaysia, and Thailand-based Central Retail Corporation (CRC), are already looking to open their first stores there next year.
Supermarket chain Puregold Price Club Inc. has beefed up anew its portfolio as it acquires Mega Manila-based chains Eunilaine and Grocer E.
The 15 newly-acquired supermarket branches in strategic areas will be rebranded into Puregold groceries, a company official said.
In a disclosure to the stock exchange, Puregold said it acquired 100 percent of the four operating Eunilaine foodmarts and 11 operating Grocer E supermarts from Company E Corp. The purchase cost was not disclosed.
Italian outerwear brand Peuterey Group SpA owns stores in Milan, Rome, Cortina, Berlin, and Antwerp. Their next stop is Shanghai. A store for men's and women's collections and a second exclusively for children's will open at Takashimaya in Shanghai this week. As part of this venture, Peuterey has also opened an office in Beijing with a subsidiary in Shanghai to manage business in Asia.
Mumbai-based Maxwell Industries Ltd., that manufactures men's and women's inner wear and lingerie, is set to foray in Gujarat with its exclusive retail store "Inners" soon. The company, known for its flagship brand "VIP", will set up its exclusive inner wear store in Ahmedabad within next 3-4 months.
H&M, in cooperation with ILO and Swedish Development Agency (SIDA), has opened the first ever Centre of Excellence for the Bangladesh Apparel Industries (CEBAI )in Dhaka, Bangladesh.
Sheikh Hasina B Reddy, Prime Minister of Bangladesh officially opened the Centre of Excellence during a ceremony held at the Dhaka Apparel Summit in Dhaka on Sunday (7 December).
In the retail industry, how you build and manage the relationship with your suppliers will have a significant influence on the outcome of your project. Therefore, it is crucial to build and maintain a trustworthy relationship and working arrangement with your suppliers. However, in many instances your suppliers may be located in a remote location and therefore managing those suppliers, their team, and your project from a distance can be an overwhelming task.
Wal-Mart India is betting big on South India as it aims to start at least 50 `Cash and Carry’ stores in the country in the next 5-7 years, Krish Iyer, its Chief Executive Officer has said. The wholly owned subsidiary of Wal-Mart Stores, the US-headquartered leading retailer is more excited about the potential in Andhra Pradesh and Telangana States.
UNIQLO opened its third global flagship store in Japan, UNIQLO OSAKA, in the commercial center of Umeda recently.
Osaka is a popular sightseeing area for people from the Kansai area and throughout Japan. The number of overseas visitors has even exceeded domestic tourism as a result of expanded low-cost flights to Kansai International Airport, making the city a key Asian destination for people from across the region.
Alibaba, the Chinese e-commerce behemoth that listed in New York last month, briefly muscled ahead of Walmart by one important measure on Tuesday, when its market valuation surpassed that of the world's largest retailer by revenues.
Shares of Jack Ma's Hangzhou-based group climbed as much as 2.8 percent to touch a new record high of USD100.50, lifting its market capitalisation above USD247 billion.