Malaysia Latest News - Inside Retail Singapore
Singapore online fashion market Zilingo has achieved capital investment of $226 million in a new funding round.
Takeover target Courts Asia had a forgettable third quarter, reporting a net loss of S$171,000 – a stark contrast to the $3.51 million profit for the same period a year earlier.
Lazada Group has announced plans to ramp up its supermarket business in Southeast Asia.
Strong international sales ensured respectable McDonald’s results in the latest quarter.
Alibaba Group sales soared 41 per cent in the December quarter as its customer based neared 700 million.
The world’s largest luxury retailer LVMH shrugged off broader market pessimism overnight reporting record revenue of €46.8 billion last year.
Tumbling iPhone demand drove an uncharacteristic decline in Apple sales in the first quarter trimming back its profit for the period.
Southeast Asian-focused e-commerce platform Zilingo is likely to venture into offline retail this year.
The new H&M Chinese New Year collection has been launched with a video featuring Chinese celebrities.
Japanese electronics retailer Nojima Corp has launched a conditional takeover bid for Courts Asia.
Fast Retailing Group has reported a decline in revenues for Uniqlo Japan against broader successes internationally in its first quarter.
Malaysian fashion chain First Lady has closed all but one of its retail stores as the label struggles to break even.