Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Indonesian retail sector.
Indonesia Latest News - Inside Retail Asia
Retail sales in Indonesia have seen the sharpest drop in 12 years, according to a Reuters report based on information from the nation’s central bank.
Undeterred by the advent of Covid-19, Brazilian flip-flop brand Havaianas is investing US$50 million into expansion of its retail footprint across Asia-Pacific between now and 2024.
Indonesian cafe chain Maxx Coffee has launched its first international outpost in Singapore as a first move towards expansion in Asia.
Indonesian online furniture retailer Fabelio has raised US$9 million in a Series C funding round led by Taiwanese venture firm AppWorks.
Retail sales in Indonesia have fallen by 16.9 per cent during the month of April compared to last year’s figures, according to government data.
Grab has expanded its grocery-delivery service GrabMart into eight Southeast Asian markets within the last three months.
Southeast Asian fashion group FJ Benjamin opened five new online stores for recognised international fashion labels, with more to come, as it pivoted online in the wake of trading restrictions during the Covid-19 crisis.
Southeast Asian non-franchise grab-and-go beverage retailer Kopi Kenangan has raised US$109 million in Series B funding led by the firm’s existing investor, Sequoia Capital.
Singaporean homewares retailer Iuiga has received SG$10 million (US$7 million) in Series A funding from Indonesian conglomerate Konimex.
Lazada has partnered with Southeast Asian fintech startup Alumak to provide online merchants with working capital during the Covid-19 pandemic.
Shopping behaviour in Asia will be redefined by the Covid-19 crisis, according to new research from retail solutions provider Tofugear, Digital Consumer in Asia 2020.
Zalora is positioning itself as the first online fashion retailer in Southeast Asia to create a sustainable fashion ecosystem, achieving positive change in environmental impact, and inspiring customers to shop in a more conscious way.