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Huawei in retail push

Huawei Australia will rollout  ‘Experiential Zones’ at select Sydney Westfield shopping centres, showcasing its consumer product range in one location for the first time. Continuing its marketing push in Australia, the Huawei Experiential Zones offer customers the opportunity to explore the latest in mobile and mobile broadband technology. The Huawei Experiential Zones are located at Chatswood and Parramatta. An official launch will be held on February 7 and 8 at Westfield Chatsw…

Alibaba trials drone delivery

Alibaba is testing drone delivery in China in a three day pilot program. The Chinese internet powerhouse is delivering packages by remote control, according to website TechInAsia, in partnership with Shanghai YTO Express. The program runs from February 4 to 6, according to a post on Alibaba subsidiary Taobao’s website. The drone test is bringing a dream of US-based Amazon’s CEO Jeff Bezos’ into reality, In the trial, about 450 customers will get the chance to have their goods delive…

Sephora thrives in Asia

Louis Vuitton Moet Hennessy says Asia, the Middle East and North America delivered excellent performance for its Sephora, DFS business arm in 2014. The world’s largest luxury goods retailer and manufacturer said the business, in its books referred to as its Selective Retailing division, achieved record annual growth revenue of eight per cent. Profit from the division’s recurring operations reached €882 million in 2014. “Sephora had an exceptional year and continued to gain marke…

HK handbag chain buys e-store

Hong Kong listed handbag retailer Milan Station Holdings has acquired online retailer Chaodai. Milan Station’s parent companies Standpoint and J&C will form a new entity to acquire Chaodai which will then trade under the Milan Station branding. As with their ownership of Milan Station, the two companies will hold 90 per cent equity and 10 per cent respectively. “The parties… intend that through the acquisition and the proposed increase in capital, Chaodai will become well positio…

JV eases Taiwan-China payments

PayEase, the electronic payment service and solution provider in Mainland China, and OnePaid, the payment services platform of Taiwan-based Gangu Tech, have teamed up to facilitate cross-strait Internet-based payment services to Chinese buyers and Taiwanese sellers. According to the agreement, OnePaid will provide online acquiring services for merchants in Taiwan. Meanwhile, buyers in Mainland China will be able to use PayEase to made direct purchase from Taiwan via their UnionPay cards. Ever…

Hong Kong ends year on downer

Hong Kong retail spending slumped 3.9 per cent in December, reversing a healthy 4.2 per cent lift in November. It brought to an end a turbulent year when sales data was affected by street protests, China’s austerity drive and – in opposite impact – Apple’s launch of the larger format iPhone. Hong Kong’s Census and Statistics Department (C&SD) says after netting out the effect of price changes over the same period, the volume of total retail sales in December 2014 decreased by 1.3…

Chinese tax free spending leaps

Chinese travellers boosted tax free spending by 30 per cent year-on-year in the last quarter of 2014. And for the first time, Chinese shoppers accounted for more than one third of overall spending on tax free shopping, according to data from Global Blue, an international tax refund specialist. That’s the first time in any quarter. Shoppers from Taiwan, South Korea and Hong Kong also boosted their spend, significantly, but from much lower bases. Part of the reason for the dominance of …

Tokyo, Taipei: 2015’s Asian retail hotspots

Asia Pacific retail rent growth will continue in 2015 – but at a slower pace, according to the latest research from CBRE Asia. Rental growth is projected to ease to 2.4 per cent region wide, compared with 5.4 per cent in 2014. The hottest markets: Tokyo, where rentals are expected to rise by about 10 per cent, followed by Taiwan’s Taipei, Sydney and Melbourne which will post more modest growth, according to CBRE. Prime rental growth in China will be less than five per cent in 2015, wi…

CapitaLand China mall sales soar

CEO of CapitaRetail China Trust Management Limited (CRCT), Tony Tan said the growth was underpinned by the new contribution from CapitaMall Grand Canyon and rental growth from the other multi-tenanted malls. “Rental reversion was a robust 20.6 per cent, and portfolio occupancy as at December 31 was a healthy 95.9 per cent. Tenants’ sales and shopper traffic for 2014 increased year-on year by 16.2 per cent and 3.9 per cent respectively.” Singapore-based CRCT has 10 income-producing Ca…

Changi retail again tops $2 billion

Singapore’s Changi Airport says sales at retail outlets across its terminals topped S$2 billion in 2014, despite a slump in passenger numbers inbound from China. It’s the second year in a row the $2 billion barrier was breached – Its 2013 growth represented a nine per cent increase on 2012, but the percentage growth was not revealed this year, suggesting a stable result. The strength of the airport’s retail business – in part a consequence of the airport’s careful positioning as a …

Alibaba sales soar 40%

Chinese eCommerce giant Alibaba has reported a 40 per cent increase in sales in the quarter to December. But its net profit for the period plunged 28 per cent to $US964 million impacted by a one off charge and higher taxes. Based in Hangzhou, Alibaba owns China’s most popular online trading platform, Taobao. Alibaba Group’s total sales for the quarter reached $US4.219 billion, and earnings per share rose 13 per cent to 81 US cents. The company executed the world’s biggest IPO w…

Starhill weathers storm

Starhill Group, the mall-owner REIT, says improving returns from its Singapore property Wisma Atria cushioned the impact of foreign exchange fluctuations and a sluggish retail environment in China and Hong Kong. While shopper footfall in Wisma Atria was down 3.1 per cent and combined sales of retail tenants fell 5.6 per cent year-on-year in the fourth quarter to S$139 per sqft, lease renewal rates are running high. SHREIT said the figures reflected “headwinds in the retail sector” but …