Investments in cold storage facilities in Vietnam have begun to take off in recent years as a result of rising demand. According to Savills, a global services firm specializing in real estate, Vietnam’s cold storage industry is surging and is expected to reach...
Malaysia’s retail market is predicted to rise by 6.3% in 2022, following the opening of the border on April 1 as part of efforts to restore the country’s economy. Major drivers to increase retail spending in Malaysia include the forthcoming Eid...
New research from global giant payments, Visa, suggested that a fully cashless Philippine society may be possible in less than a decade. This is because more Filipinos are embracing digital payments out of necessity, two years into the COVID-19 pandemic. According to...
Central Retail Corporation, Thailand’s biggest retailer, recently revealed plans to invest THB 100 billion (USD 3 billion) over the next five years to expand its retail businesses. The retailer also announced that it aims to boost revenue growth and market...
HappyFresh, an Indonesian online grocery company, has launched a store branch, HappyFresh Supermarket, to deliver groceries to customers across Southeast Asia (SEA). HappyFresh Supermarket will take advantage of HappyFresh’s current partnerships with supermarket...
Despite the pandemic impact, foreign retailers are implementing a multi-channel sales strategy and enhancing operations and delivery services to enlarge their business in Vietnam. According to Ho Chi Minh City’s Department of Industry and Trade, Vietnam is a...
DHL Express, a worldwide logistics company has widened its presence in Malaysia with the launch of a new mobile “ServicePoint” and through a partnership with Parcel365 as its exclusive international shipping partner. The logistics provider said the latest...
Uniqlo has announced plans to open 5 new stores and refresh 2 of its existing stores in 2022, expanding its footprint to 31 stores island-wide. This move likely comes due to a surge in retail sales in 2021, which rose 11.1% year-on-year in 2021 after a decline of...
AllDay Supermarket, one of the fastest-growing supermarkets in the Philippines and a retail arm of conglomerate Villar Group of Companies, has launched “smart carts” in its stores. AllDay has been at the forefront of bringing in first-to-market innovations in the...
Vietnam has a huge potential to become a new destination for luxury brands in the near future. The country’s rising high-income consumers are the main attribute to the positive outlook of the market. Specifically, Vietnam’s GDP per capita has increased nearly three...
Mitsui Fudosan has opened a Japanese lifestyle shopping mall LaLaport in Kuala Lumpur, its second overseas outlet after Lalaport Shanghai Jinqiao in China. The mall is expected to bring in more Japanese retailers into the market, as the outlet, known as Mitsui...
The Covid-19 pandemic has provided the digitization catalyst for many businesses. Covid-19 precautions have led to fewer wine tasting opportunities, which has led wine giant Penfolds to employ high-tech “phygital” interactive sensory tools to engage...
