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Koufu Group's profits plunged 82% to $1.85m in H1
Its outlet and mall management segment saw lower fixed and variable rental income.
Koufu Group's profits plunged 82% to $1.85m in H1
Its outlet and mall management segment saw lower fixed and variable rental income.
Weekly News Wrap: SEA to see 310 million digital consumers by end-2020; China's July auto sales up 16.4%
And here are the recent shifts in India’s spending habits.
Rewards platform ShopBack launches in Vietnam
Users can earn up to 25% from merchants such as Lazada and Shopee.
Weaker sales haunt Singapore's retail sector in coming months
Tourist arrivals are unlikely to grow in the coming months.
Vietnam's retail sales rose 7% to $14.46b in July
It accounted for 79.2% of the total sales of goods and services.
Burberry launches social retail store in Shenzhen, China
It showcases an interactive window upon entrance.
Singapore retail sales down 27.8% in June
Department stores saw the largest drop in sales.
Hong Kong's restaurant receipts down 25.9% to $2.74b in Q2
The declines narrowed from Q1 as social distancing measures eased.
Weekly News Wrap: China's July auto sales to grow 14.9%; Filipino retailers reel from weak foot traffic
And Melbourne, Australia is shutting down most of its retail sector for six weeks.
Sa Sa adopts omni-channel sales system
It can provide a channel for its consultants to make extra commissions.
Consolidation underway amongst China's condiment brands
The top five players in the segment account for only 21% of the market share.
Japan's retail sales dipped 1.2% in June
Automobiles saw the sharpest drop in sales at 17.2%.
Hong Kong's retail sales slip 24.8% in June
The decline softened as the local epidemic abated during the month.
Sheng Siong's profits soared 98% to $54.41m in H1
The company saw elevated consumer demand in Q2.
Dairy Farm's profits dropped 35% to $115m in H1
Its health and beauty business suffered partly from lack of tourists in Hong Kong.
Influencers offer lucrative channel for China's FMCGs: report
Brands linked to comfort or cleanliness are best placed to benefit from Wanghong.
Weekly News Wrap: Chinese firms tap e-commerce platforms; Japan's retailers turn to digital tools
And India’s Reliance Industries looks to buy Future Group’s retail operations for $3.6b.
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Retailers and brands told to harness data for growth
![Retailers and brands told to harness data for growth]()
The tandem should turn insights into profit strategies, Flying Fish Lab says.
The tandem should turn insights into profit strategies, Flying Fish Lab says.
