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Billabong books first annual profit in four years

Source: 
The Sydney Morning Herald Online

Billabong International is counting on cost savings, fresher stores and new supply chain, ordering and e-commerce systems to boost earnings this year after reversing sliding sales in key brands to deliver its first profit in four years.

Chief executive Neil Fiske says the surf, ski and skate-wear company, which came close to collapse in 2013, is making "good progress" against a seven-point, multi-year turnaround plan, reporting a AUD4.2 million (USD3m) net profit and the first growth in underlying earnings in seven years.

Pacific Brands forecasts return to growth after suffering USD70m full-year loss

Source: 
The Sydney Morning Herald Online

Wholesaler turned retailer Pacific Brands will test consumer demand for Bonds underwear and Sheridan sheets by raising prices by up to 10 percent this year to protect profits as the Australian dollar plunges to six-year lows.

Pacific Brands chief executive David Bortolussi expects to lift profits and resume dividend payments this year after a bottom-line loss of AUD97.7 million (USD69.6m) in 2015 – the fourth loss in five years.

Singapore's Courts eyes expansion despite retail downturn

Source: 
Jakarta Globe

Courts Retail Indonesia, the local unit of the Singapore's retailer Courts Asia, plans to open seven more stores in the country by the end of 2017 as it bids to take top spot in the electronics, furniture and household appliances retail market.

Courts' new stores, like the three existing ones, will be located in the Greater Jakarta area, with an estimated USD3 million in investment for each one, according to Roy Santoso, CEO of Courts Retail Indonesia.

Online retailer MatahariMall sets 20pc market share target

Source: 
Jakarta Globe

Lippo Group's new e-commerce unit MatahariMall is embarking on an ambitious expansion plan, aiming for a 20 percent market share of Indonesia's web-based retail sector by 2020, its chairman said on Wednesday.

MatahariMall.com chairman Emirsyah Satar said the potential of the e-retailer, which is slated for an official launching in September, is similar to Chinese e-commerce giant Alibaba's in light of Indonesia's huge untapped e-commerce market.

Japan's Don Quijote to add more family-style "Mega" stores

Source: 
The Japan Times Online

Japan's Don Quijote Holdings Co. plans to open a series of large general merchandise stores with enhanced lineups of food products and consumable goods, said Koji Ohara, president and chief executive officer of the discount store operator, in a target shift to draw more business from families.

It believes growth will be limited if it relies only on its network of discount stores, which are aimed at young people.

USD1 convenience-store coffees fuel Japan's surge into Java big leagues

Source: 
The Japan Times Online

Coffee sales at convenience stores surged 48 percent last year, the fastest-growing part of the domestic beverage market, as cups costing just over JPY100 each boosted consumption to a record. Japan is the world's biggest coffee importer after the US and Germany. Demand per person will eventually be comparable to the US and Europe, said Kazuyuki Kajiwara, general manager at the beverage department of trading company Marubeni Corp.

HK retailers feel the pain as China economic slump hits travelling, shopping

Source: 
The Sydney Morning Herald Online

For Hong Kong, it's been one thing after another.

A series of anti-China and pro-democracy protests last year prompted stores to close and mainland tour groups to cancel bookings. Meanwhile, a slowing Chinese economy and President Xi Jinping's anti-corruption and austerity campaigns have also made the Chinese more wary of buying pricey cognac and Gucci bags in the city.

Asian shoppers lift Japan department store sales, outlook murky

Source: 
The Business Times

Sales at Japanese department stores and convenience stores rose in June for a third straight month, industry data showed, offering some relief to policymakers worried about the fragile state of consumer spending.

But the data underscored the patchy nature of the recovery with department stores benefitting from a shopping spree by Asian tourists, who have flocked to Japan to benefit from the weak yen.

Retail chains in India bet big on online presence as sales in stores see a drop

Source: 
Business Standard

"Click & Collect", "Ship from Store" and "Endless Aisles", seem to be the new buzzwords for brick-and-mortar retailers. These are terms being used by offline retailers to explain their recent move to increase investments into the online space by adopting an omni-channel strategy.

Hong Kong sees deeper retail rent cut as global brands cool off

Source: 
The Business Times

Rents are expected to fall as much as 40 percent this year in Hong Kong's bustling shopping district of Causeway Bay, until recently the world's most expensive retail street, hit by a slowdown in visitors, particularly cash-rich mainland Chinese.

Some landlords are seeking rents as much as 40 percent below last year's peaks, outstripping analysts' forecasts of drops of about 15 percent in 2015, but some retailers say the reduction might not be enough to offset weak sales.

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