Asia > Retail

Retail in Asia

  • China’s slowing economy, a crackdown on corruption,

    CHINA, 2014/05/28 China’s slowing economy, a crackdown on corruption, and the rise of online shopping are increasingly eating into earnings for some of the country’s traditional retailers – hitting sales at bricks and mortar stores such as shoe shops and supermarkets. Footwear chain Belle International and supermarket operator China Resources Enterprise both blamed a drop-off in economic increase as they reported sluggish earnings this week. “With the economy continuing its structural rebalancing and slower increase becoming the new normal, consumer confidence has been low and consumer sentiment weak,” Belle said in a statement to the Hong Kong stock exchange. The company, which has additional than 20,000 outlets across China, is a key distributor for western sports brands such as Nike, Adidas and Puma. Revenues at its footwear business grew 5 % in the 14 months through February, which the company said was “significantly lower than prior years”.
  • IBM Social Sentiment Index on consumer shopping preferences in India

    INDIA, 2013/12/16 Smartphones, laptops, bikes and SUVs topped consumer's wish lists for this holiday season, as tracked by the new IBM Social Sentiment Index on consumer shopping preferences in India. IBM found that style and design along with price accounted for the majority of the social buzz at the same time as it comes to purchasing preferences, indicating Indian consumers shift from being highly price conscious. In the era of Large Data, with the continued explosion of blogs, online forums and other social media channels, social listening analyzes unfiltered attitudes and actions, distinguishes between sincerity and sarcasm and even predicts trends as they surface online.
  • China home prices rise by a record in four major cities

    CHINA, 2013/10/23 China\'s four major cities saw record rise in new home prices in September, stoking fears of a housing bubble.  Prices in Beijing, Shanghai, Shenzhen and Guangzhou saw their biggest jump since the government changed its calculation method in January 2011. Property remains a popular investment choice in China and prices have instantly risen for nine months in a row. Analysts say Beijing has so far held back on imposing fresh curbs due to concerns over slowing economic increase. However, data released last week showed that China\'s increase rate picked up in the July-to-September period - the initial rise in three quarters.
  • Hong Kong Feb Retail Sales Rise

    HONG KONG, 2013/04/02 Hong Kong retail sales price inclunding volume increased additional than expected in February, The price of retail sales increased 22.7 % from a year ago, much faster than the 10.5 % increase logged in January and the expected expansion of 17.7 %.
  • South Korea Department Store Sales Rise In November

    SOUTH KOREA, 2012/12/11 Sales at South Korea's top three department stores increased in November, ending a five-month bout of declines,  data from the Finance Ministry. Sales climbed 10.2 % year-on-year in November. It as well reported that sales at discount stores fell 2.1 % annually in November, much slower than a 6.6 % drop in October.
  • First Vietnam supermarket to open in Cambodia

    CAMBODIA, 2010/11/30 Vietnam's prime supermarket in Cambodia is being completed to open next month The prime Vietnamese supermarket in Cambodia will open in Phnom Penh next month, selling everything from high-end to common products. The three-story Vietnam Supermarket covering 7,550 square meters is expected to start receiving customers on December 29.Z38, a member of Vietnam Business Association in Cambodia, has invested additional than US$3 million in the supermarket.
  • Luxury Brands Thrive Thanks to Asian Demand

    ASIA, 2010/09/24 The stock price of European luxury brand makers like Burberry, Hermes and Louis Vuitton keeps soaring despite the depressed economies of their home nations thanks to a steep rise in sales in Asia. Amid a 5.44-% drop in the French stock market this year, Hermes rose by over 68 %. And though the British stock market rose by just 1.7 % this year, Burberry soared 55 %.