Taiwan Latest News - Inside Retail Asia

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…

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…

Kate Spade targets 100 stores in Greater China

Kate Spade is to buy out its Chinese joint venture partner in favour of a new partnership with Lane Crawford Group. Walton Brown, the brand wholesaling and retailing subsidiary of Hong Kong-based department store operator Lane Crawford, will team with Kate Spade in a major expansion of the New York brand into mainland China, Hong Kong, Macau and Taiwan in a new joint venture announced overnight, targeting 100 stores long term. The newly formed partnership will leverage the expertise of Walto…

Fresh Asian foray for H&M

Buoyed by strong growth globally in stores and online, Swedish apparel retailer H&M is now planning to launch in three more Asian markets. The company posted a 14 per cent increase in sales in its full year to November 30 and opened 379 new stores – more than one store a day. In 2015 it plans another 400 new stores, including debuts in Taiwan, Peru, Macau, South Africa and India. “The greatest expansion will take place in existing markets where there is still great potential …

HTC wants to boost retail network

HTC will boost its retail store network in its home market of Taiwan this year as it expands its handset range. The Taiwanese brand has achieved solid success with its topline smartphone models, but is still trading in the red as its product range is skewed towards the top end and is not perceived as meeting the mass market. HTC says it will changes that with North Asia president jack Tong promising a full range of products in 2015: from entry-level, mid-level and top end. To support it…

Sasa shoppers buy more, spend less

Sa Sa International says its customers spent less but bought more in the three months to December 31. The group’s retail and wholesale turnover decreased slightly by 0.5 per cent overall, with retail sales in Hong Kong and Macau down by 1.1 per cent and same store sales down by 2.7 per cent. But the number of transactions in its home market (Hong Kong and Macau combined) increased by 5.6 per cent in the same period, offset by a 6.4 per cent decrease in the average sale per transaction. …

Major mall planned for Taiwan

A new outlet mall under construction in Taiwan will be the largest of its kind in the nation. Designed as an open-air, landscaped shopping village, Gloria Outlets will offer visitors an “all-day escape from the city” to a world-class outlet shopping destination. The project will include over 260 retail stores, a large-scale foodcourt, restaurants, cafes and more. Services and amenities will include an Information center with bilingual customer service staff, VIP Lounge, children’s…

A&F boosts Asian online presence

US fashion apparel retailer Abercrombie & Fitch has launched 10 new transactional websites in Asia as it banks on eCommerce to build its regional market share. The sites are for its Abercrombie & Fitch and Hollister brands, serving China, Hong Kong, Japan, Singapore and Taiwan. All of the sites are mobile-optimised through responsive web design, implemented by online partner Demandware Inc, a provider of enterprise cloud commerce solutions. Abercrombie & Fitch operates nearly 1…

Asia focus for global product licensees

Global sales of licensed merchandise reached US$155.8 billion in 2013 – with Japan and China the largest markets in Asia. Asia’s licensing market accounts for 12 per cent of the world’s total, and China alone accounted for US$5.5 billion worth in retail value in 2013. These figures were shared by Hong Kong Trade Development Council executive director Raymond Yip in a preview of the 13th Hong Kong International Licensing Show  and the 4th Asian Licensing Conference which take place next we…

Physical stores still dominate in Hong Kong

Hong Kong shoppers says they still prefer the tactile experience of shopping in retail stores over buying online, despite the surge in e-tailing. A CBRE consumer survey has found that even though Hong Kong consumers are tech savvy, with a staggering 92 per cent of survey respondents owning a smartphone, the majority still prefer to complete their purchase at a physical store rather than online. Conducted in August, CBRE’s first-ever Asia Pacific consumer survey sought to identify current…

Taiwanese pharmacy’s award-winning concept

  When Asian pharmaceutical company Zuellig Pharma acquired Taiwan’s YesChain Pharmacy in 2012 as part of a strategy to build a retail pharmacy network across Asia it decided to create a whole new concept. The goal was to create community pharmacies which could can serve as “the first resource providers” for primary healthcare solutions. So Zuellig Pharma engaged Hong Kong’s StartJG to create a new look. And that design has just earned YesChain and StartJG a Gold Award …

Shiseido luxe line now online

Za, the House of Shideido’s premium beauty brand, is now going online as demand from Indian consumers grows. The brand will be sold on Nykaa.com, India’s premier eCommerce website for beauty and wellness products. Since its launch in April 2014, Za is available across multiple retail formats, including department stores and multi-brand outlets in both modern and traditional trade retail formats in Mumbai, Delhi NCR and Bangalore. “With demand for our brand coming from other cities…