Asia-Pacific Archives - Inside Retail Asia

FedEx report: Micro-business boom in APAC

FedEx research shows that micro-multinational businesses in the Asia Pacific are experiencing a business boom.

SP Commerce shrinks world

Brands and retailers should find it easier to move goods across China and the Asia Pacific with the formation of a new global logistics company, SP Commerce. It is the result of Singapore Post integrating its eCommerce division, SingPost eCommerce, with the US company it recently acquired, Trade Global Holdings, and the Jagged Peak company. The integration helps Singapore Post expand its eCommerce logistics footprint in the US and provide access to markets in China and the rest of the Asia…

APAC online shoppers spend $594b

Shoppers in six Asia-Pacific markets spent an estimated $594 billion in online stores last year, with US eCommerce sites being the main beneficiaries.

Hong Kong still tops global rent rankings

Hong Kong has held its place atop the list of the world’s most expensive cities to lease high street retail space. But there are some surprises further down the list. CBRE has released the latest rankings which average out a city’s high street rentals. The Cushman & Wakefield rankings released in November rank individual streets and saw New York’s Fifth Avenue displace Causeway Bay. In this week’s study, Hong Kong, for the third year, surpasses New York, Paris and London wit…

FTV relaunches in Asia

Fashion TV has launched a 24 hour standalone feed into greater Asia, reaching a population in excess of 1 billion. The popular channel better known as FTV broadcasts fashion retail shows and trends around the clock, promoting retail brands ranging from Victoria’s Secret to high end exclusive designers.  It launched in Asia in 1999 as a ‘content block’ housed during down time on other channels. Now the launch of a dedicated channel will reach viewers from Saudi Arabia in the Northwes…

Hong Kong weighs on Prada

Falling sales in Hong Kong have eaten into Prada group’s first nine months result, despite an unexpected boost in Japan. In Asia Pacific, sales decreased 4.3 per cent at current exchange rates and 2.8 per cent at constant exchange rates in the nine months to October 31. “Sales in the area were primarily conditioned by the Hong Kong market which was already weak in the previous months and deteriorated further in October following the well known facts,” the company said, in an obvious …

[:en]Asia Pacific most vibrant for travel retail[:zh] 亚太地区最具活力的旅游零售

[:en]Asia Pacific is the most vibrant region for duty free and travel retail, accounting for 37 per cent of global duty free and travel retail sales. According to the TFWA Asia Pacific Exhibition & Conference, global duty free and travel retail sales in 2013 reached US$60 billion, of which US$22.3 billion was from Asia Pacific. In 1995, when the first TFWA Asia Pacific Exhibition & Conference was staged, the region’s share was 30.5 per cent; over the next decade it is f…

[:en]Soaring e-commerce boosts logistics sector[:zh]飞涨电子商务助力物流业

[:en]Asia Pacific’s logistics industry booming on the back of soaring e-commerce, reports CBRE.Another key driver is the increasing expansion of organised retail and chain stores across the region. Private consumption is on the increase and there are growing middle-class populations in many countries in APAC. This is driving a continued trend for the development of well-organised shopping malls to support retailer expansion in APAC, including the build-out of store networks and the set-up of sup…

China ‘still attractive’ to foreign retailers

China remains the key target for expanding retailers in Asia Pacific, global property advisor CBRE says. In the latest edition of How Active are Retailers in Asia, CBRE reveals that 62 per cent of respondents plan to open a new store in China this year. This is well ahead of Vietnam, Hong Kong and Singapore, which rank equal second with 33 per cent of retailers planning new store openings in these markets. “Despite slower economic growth, China continues to grow at a rapid pace and is lu…

[:en]Men driving rise in facial care market[:zh]男性推动美容护理产品市场的增长

[:en] The facial care market in Asia Pacific is expected to reach US$39.75 billion by 2019, growing at a compounding annual rate of 6.9 per cent from 2013 to 2019. That’s according to a report by Transparency Market Research, owing the demand on the growing popularity of multi-functional products. Women’s obsession for fairness is a major contributor to the demand for the facial care product in the region, and thus making them the biggest consumer group. The widening of distribution…

Asians ready to spend more

Consumer confidence in Asia-Pacific increased in eight of 14 markets in the first quarter, suggesting purse strings will be loosened in coming months. Confidence was flat in three markets and declined in three. But importantly, discretionary saving and spending intentions in the Asia Pacific region increased in all categories measured in the survey by market researcher Nielsen. The region’s biggest quarterly index increase was six points, in both India (121) and Hong Kong (111), says …

Airport retail to boom in Asia

Asia Pacific will have the fastest growth in airport retailing sales over the next six years. That’s according to a report by retail consultancy Verdict which predicts Asia Pacific passenger numbers to increase 37.8 per cent in the next six years and their spend per passenger to rise from $7.78 to $11.37. Airport retail in Europe and North America are tipped to pick up again as the economy shows signs of improvement. “Beauty products and alcohol are set to benefit the most from rising…