Category: General

Retail News Asia is committed to providing both local and global retailers with the latest General Retail news throughout the Asian market. This on a daily base.

  • Diamond prices showing signs of revival

    Diamond prices showing signs of revival

    Asia is driving early signs of a revival in diamond prices amid an unstable global market affected by the Covid-19 crisis and protests.

    Rapaport, which monitors diamond trading trends, says the Hong Kong diamond market has regained traction as more demand comes from China, although there are concerns about tensions related to new Chinese security laws. Meanwhile, in the US, jewelry retailing is expected to remain subdued as the country experiences social unrest over police brutality and the on-going Covid-19 pandemic.

    Polished diamond prices remained stable in May, mainly focusing on online trading. Despite a significant drop since January, the RapNet Diamond Index (RAPI) for 1-carat diamond recorded a 2-per-cent increase in May.

    The industry has changed to adapt to new customer shopping behaviors, says the Rapaport report. More jewelry retailers have shifted their focus to online channels, predominantly offering classic models such as solitaire necklaces or tennis bracelets. Marketing strategies are changing to promoting diamonds as a symbol of values and emotional connection, the company says.

    Meanwhile, mining companies are also shifting to digital platforms and targeting markets less affected by lockdowns.

  • Zoom explains why it won’t enable this major feature for free users

    Zoom explains why it won’t enable this major feature for free users

    Following Zoom’s unprecedented rise in our current at-home climate, a number of issues surrounding security and privacy have been raised against the cloud meeting service. As reported by Bloomberg, Zoom’s CEO explained some of the reasoning behind certain security decisions for the company’s free service tier.

    The video conferencing service came under fire some months ago for making misleading claims about the level of encryption available for its meetings. Though Zoom advertised ‘end-to-end encryption’ (or E2EE), the company was revealed to be using its own unique definition of the term—meetings are encrypted between Zoom’s servers, not individual clients, meaning that the company could theoretically access any meeting it chooses.

    Though Zoom has stated that such monitoring won’t ever happen, it’s also reportedly working on increased security and planning to bring E2EE to all paying customers in the near future. Yes, that excludes all free customers, and the company has explained that this is in order to cooperate more easily with law enforcement and authorities.

    “Free users for sure we don’t want to give that because we also want to work together with FBI, with local law enforcement in case some people use Zoom for a bad purpose,” CEO Eric Yuan is quoted as saying. In the past, Zoom has been exploited in a wide range of ways, from harmless-but-disruptive ‘Zoombombing’ to truly nefarious purposes like hate speech, child abuse, and other illegal activities.

    Right now, Zoom’s employees can enter meetings as a failsafe backdoor to crack down on abuse of its platform, but this would be impossible with an E2E encrypted connection. That’s why the company is limiting the availability of the enhanced security standard in an effort to prevent misuse.

    Zoom’s security consultant Alex Stamos also tweeted about the situation, explaining that the implementation of E2EE requires a “difficult balancing act”. Keeping E2EE demarcated to paid users more likely to actually require it will inevitably help, but Zoom has also stated its commitment to providing more comprehensive solutions in the future.

    Evidently, the widespread need for a video conferencing solution and the multifaceted complexity of securing internet connections both complicate the process of working towards a more convenient, safe, and secure cloud. But hopefully, Zoom’s latest efforts will be able to keep up with the needs of its ever-growing user base.

  • Asia-Pacific apparel markets well placed to survive virus fallout

    Asia-Pacific apparel markets well placed to survive virus fallout

    Asia-Pacific apparel markets are better placed to counter the impact from the Covid-19 crisis than those of North America and Europe, according to research from GlobalData.

    Vijay Bhupathiraju, a retail analyst at GlobalData, says forecasts suggest some US$297 billion will be wiped off the global apparel market this year due to the pandemic, with sales set to decline 15.2 percent over last year.

    However, 42 percent of that decline will be in the US, the world’s largest apparel market, while in the Asia-Pacific region, growing domestic demand will limit the damage.

    “Although the recovery has already started across the Apac markets, apparel sales will take some time to rebound amid dampened consumer confidence, the slump in tourism, the threat of an impending global recession and high unemployment rates.”

    However, he expects revenge buying – the sudden release of pent-up demand from those willing and able to spend – will compensate for some of the lost sales.

    “Some brands across China for instance are seeing store sales return to 80 to 100 percent of pre-Covid-19 trading levels as the country relaxes lockdown measures.”

    GlobalData expects fast-growing Apac markets including China, India, and South Korea to improve their positions in the Top 10 global apparel markets by 2023, as mature Western markets lose out.

    China is expected to overtake the US as the world’s largest apparel market within three years.

    Meanwhile, the serious decline in sales in the US is likely to lead to more major retailers filing for bankruptcy. Already this year, Neiman Marcus, JC Penney, J Crew, and True Religion have entered Chapter 11 protection along with many smaller regional retailers across the US. In Germany, Esprit has entered a similar local form of bankruptcy protection.

    According to GlobalData’s research, the 10 worst-impacted geographical markets will account for 85 percent of the apparel industry’s total loss – and mature markets will be the worst hit. Asia-Pacific apparel markets will perform the best.

  • AirAsia offers flight change fee waiver

    AirAsia offers flight change fee waiver

    AirAsia has announced that it would waive flight change fees for any new bookings made between June 3 and October 31, 2020.

    In a statement today, it said the option is applicable for online bookings on airasia.com for domestic flights within Malaysia, Indonesia, Thailand, the Philippines and India.

    “Guests may make an unlimited number of flight date changes via the ‘My Bookings’ tab on airasia.com or the AirAsia mobile app, and may rebook their flights for travel up to December 31, 2020, subject to seat availability and fare difference,” it said.

    Meanwhile AirAsia Group president (Airlines), Bo Lingam said due to the unprecedented circumstances relating to the current public health situation and the associated travel restrictions, travel plans may be fluid throughout this year.

    The airline said the flight date and time change is only applicable up to 48 hours before the original departure time and up to four hours for AirAsia India.

    For further information, guests can visit this link.

  • Google deletes anti-China app with 5 million installs

    Google deletes anti-China app with 5 million installs

    At a time when the U.S. government is targeting smartphone and networking equipment manufacturer Huawei, investigating short-form video app Tik Tok, and trying to kick China Telecom out of the country, a new app called Remove China Apps seeks to flag apps developed in China. Found in the Google Play Store (and just removed by Google), the app became the most downloaded title on Google’s Android app storefront over the weekend. It was launched just two weeks ago.

    The developers of the app said that it uses market research to determine an app’s country of origin. While the title of the app makes it sound as though it automatically deletes apps developed in China, the developer says that it “will list Applications and respective country name, choose which app you want to uninstall and which app you want to keep, and uninstall the apps one by one in a single click.” The Play Store listing says that it was “being developed for educational purposes only.”

    According to Android Authority, the app had one million installs listed by the end of Sunday and that number soared to five million yesterday. The developer, OneTouch AppLabs, is located in India where anti-Chinese sentiment has been on the rise. The developer’s website states that the point of creating the app is to support Indian Prime Minister Narendra Modi’s call for “Atm Nirbhar Bharat” or a self-reliant India. The developer states that the “Remove China App will help people to support ‘Atm Nirbhar Bharat’ by identifying the origin country of the applications installed in their mobile phones.” The developer also calls the app safe to install because it doesn’t ask for any permissions from your phone.

    Android Authority tested Remove China Apps and found that it did pick up TikTok and Xiaomi’s Mi Remote on an Android phone but failed to flag Chinese developer Tencent Games’ PUBG Mobile. It also doesn’t work with pre-installed apps installed on Chinese smartphones.

  • Cebu Pacific resumes some domestic flights yesterday

    Cebu Pacific resumes some domestic flights yesterday

    Budget airline Cebu Pacific on Saturday said it would resume some domestic flights by June 2, but international flights would remain suspended from June 1 to 30.

    “We will continue to work with the Inter-Agency Task Force (IATF), as well as other national and local government authorities, on the rules and requirements to resume commercial passenger flights between areas under General Community Quarantine (GCQ),” Cebu Pacific said in a statement.

    “In Manila, all flights will depart and arrive from the Ninoy Aquino International Airport Terminal 3. All International flights remain suspended from June 1 to 30, 2020,” it added.

    The airline management reiterated that leisure travel was still prohibited by the government.

    It added that guests should check guidelines from the ”IATF and with the local governments of their origin and destination for the required documents.“

    Cebu Pacific also said they will provide updates on flight schedules from June 5 onwards as they “build-up domestic flight network, depending on market demand, quarantine restrictions and government regulations.”

  • Google releases new features for some of its Android apps

    Google releases new features for some of its Android apps

    If you own an Android smartphone, you’ll be getting a handful of nifty features in the coming months. However, if you own a Pixel phone, you’ll be getting most of these new features starting this week.

    Along with the new features coming to Pixel phones today, Google announced a few of its Android apps will be updated with meaningful improvements. For example, the Digital Wellbeing app is now getting a Bedtime mode, which replaces Wind Down. When it’s enabled, Bedtime mode uses DND (Do Not Disturb) to silence notifications, calls, and texts during sleep. Also, enabling Bedtime mode will make your phone fade the colors to black and white.

    The new update will make it easier for users to customize how and when to turn on Bedtime mode. It’s now possible to choose to have it turn on automatically or after you plug in your phone to charge.

    Google also added a new option that will allow users to pause Bedtime mode without having to adjust their schedule. If your Android smartphone has Digital Wellbeing and parental control settings, then you should be able to use Bedtime mode as well.

    The Clock app will also receive a new Bedtime tab, which lets you set daily sleep and wake times to better organize your sleep schedule. You’ll receive reminders before bedtime and an option to play calming sounds from various music streaming services like Calm, Spotify, and YouTube Music.

    Moreover, those with smartphones that feature Digital Wellbeing will be able to pair with Bedtime mode to further prevent interruptions while sleep. Last but not least, the Clock app is getting a so-called Sunrise Alarm to wake you up more gently.

    Also, the YouTube app now offers a new option that allows users to set a bedtime reminder. You’ll be able to choose to see the reminder at bedtime or after the video completes.

    Finally, the Family Link app got updated with the option to set restrictions for children, such as managing screen time activity, app downloads, in-app purchases, and bedtime for their device. The app lets you establish daily bedtime schedules and modify them as needed.

    The new bedtime features will be rolled out to Pixel devices starting today.

  • No surprise as retail sales in Hong Kong down again

    No surprise as retail sales in Hong Kong down again

    Retail sales in Hong Kong have plunged by more than one-third over the first four months of this year.

    Census and Statistics Department figures show a 36.1-per-cent decline, which follows an adjusted 42.1-per-cent fall in March.

    Those two months represent the beginning of the real impact of the Covid-19 pandemic which has seen the border with Mainland China effectively closed down and starving the territory’s retailers of traditional sales to inbound tourists.

    A government spokesman said that April’s decline, while narrower than that of March, was still “huge”.

    “While the epidemic has abated in Hong Kong, the business environment for retail trade remains challenging, as Covid-19 has brought inbound tourism to a standstill, and as austere labor market conditions and various uncertainties continue to weigh on consumer sentiment.”

    Retailers received little relief in May as when local social-distancing measures were relaxed, social unrest recommenced, leading to stores being shut in the popular Causeway Bay district, with some, including I.T Group-owned premises, vandalized. Retail sales in Hong Kong are unlikely to show any lasting recovery until much later this year when the border reopens and international travel resumes.

    Broken down by category, the April data made for grim reading. Watches, clocks and jewelry sales were down a massive 76.6 percent on April last year. Apparel sales slumped 63.6 percent, cosmetics and medicines were down 62.9 percent and footwear and accessories fell by 55.6 percent.

    Optical shop sales fell by 43.2 percent, sales of books, stationery and newspapers fell by 39.9 percent, of Chinese drugs and herbs by 35.3 percent and of electrical goods and electronics by 21.7 percent.

    Department-store sales were down by 18 percent, and of food, liquor and tobacco by 14 percent.

    Just two categories posted growth: supermarket sales up by 14.4 percent and furniture and fittings by 1.6 percent.

  • Vietnam retail sales bounce back after virus outbreak shutdown ends

    Vietnam retail sales bounce back after virus outbreak shutdown ends

    Vietnam retail sales have dropped just 4 percent over the first five months of this year, despite a four-week shut down due to the Covid-19 crisis.

    According to the General Statistics Office (GSO), the retail revenue reached more than US$82.36 billion from January to May.

    ‘Non-essential’ stores across the country were closed from the end of March through most of April, with only supermarkets and pharmacies allowed to continue to trade. However, throughout the closure, all retailers were allowed to sell goods online.

    In May, after restrictions were lifted, Vietnam retail sales surged 27 percent from April’s figures.

    Sales of consumer goods accounted for 80.6 percent of retail revenue, increasing by 1.2 percent year on year.

    Growth sectors included fresh-food products and home appliances while educational products and apparel sales fell by 8.2 percent and 3 percent respectively

    Although restaurants and other catering businesses have resumed their operations, the F&B sales fell 26 percent year on year across the first five months of this year.

  • Thai AirAsia chief proposes longer weekends

    Thai AirAsia chief proposes longer weekends

    Thai AirAsia’s executive chairman is proposing to the government a policy allowing one day working from home per week to avoid public congestion and boost the domestic tourism market to reach its target of 100 million trips this year.

    As more people get used to working from home, the government should consider allowing civil servants and private companies to work remotely one day a week, said Tassapon Bijleveld, executive chairman of SET-listed Asia Aviation (AAV) and the largest shareholder of Thai AirAsia.

    He said that when people are not bound to an office routine for Fridays, there’s a chance they’ll consider taking more trips for three-day weekends.

    The Tourism Authority of Thailand and the Finance Ministry are working on a tourism stimulus plan to make activities more affordable in the second half of the year.

    Mr Tassapon said he discussed the idea with the state agency, arguing that it would help efforts to push domestic tourism once the coronavirus crisis ends.

    “The domestic market still has a chance to take the lead in restoring the national economy, but it will depend on the scale of efforts from the government and cooperation from the private sector,” he said.

    He also encouraged the Interior Ministry and governors of each province to scrap the 14-day quarantine for inter-provincial travelers, as well as make clear whether a health certificate is needed. Some provinces have not clarified the rules, and airlines cannot plan routes to those destinations.

    Mr Tassapon said that while the aviation industry in Thailand is at a critical stage, the government can help it by offering local travelers a tax deduction on expenses for domestic airfares, which the previous scheme didn’t cover.

    According to the Tourism and Sports Ministry, local travelers took 24.7 million trips during the first four months of this year, down 50.3% year-on-year, generating 190 billion baht for the economy, down 48.3%.

    Mr Tassapon said Thailand’s tourism landscape after the global health crisis will lean towards quality tourists because more requirements for each trip will make people want to stay longer and spend more in Thailand instead of coming 3-4 times a year as they did before the pandemic.

    Moreover, Thailand should preserve the natural resources that have been restored during the outbreak.

    To achieve those goals, attractions are necessary for certain areas such as the northeastern provinces of Thailand.

    In the past, most tourists went to southern Thailand, which boasts plenty of famous resort islands, resulting in exploitation of nature and unbalanced tourism revenue.

    The Board of Investment should invite a major theme park operator such as Disney or Universal Studios to open a full-scale park in destinations that lack natural attractions, Mr Tassapon said.

    He noted that almost every province in the Northeast has an airport already. New investment could create many jobs for local communities.

  • AirAsia to resume Philippine domestic flights starting June 3

    AirAsia to resume Philippine domestic flights starting June 3

    AirAsia announced on Sunday that it will be resuming its domestic flights starting June 3 as quarantine protocols are eased in several areas in the country including Metro Manila.

    In an advisory, AirAsia said that resumption of services will gradually increase to include international destinations by July 1.

    Selected domestic flights are available for booking via the airline’s website or mobile application. Travelers can also use their credit accounts to redeem these flights.

    AirAsia also announced that operations for domestic flights will be temporarily moved to Terminal 3 of the Ninoy Aquino International Airport from its previous location at Terminal 4.

    Travelers were advised to expect enhanced safety measures which include the mandatory wearing of face masks to be permitted to travel, among others.

    AirAsia Philippines CEO Ricky Isla said assured the traveling public that they are “well prepared to welcome everyone aboard.”

    “During the hibernation of our fleet, we took the time to step up our handling procedures to ensure that our guests have a swift and safe journey with us. Needless to say, we are well prepared to welcome everyone on board,” Isla said.

    “As we resume our services around our network, AirAsia is determined to help rebuild our economy and country,” Isla added.

    Other airline companies such as Philippine Airlines and Cebu Pacific have earlier announced the resumption of some flight operations this June.

  • Best Asian Bookmakers

    Best Asian Bookmakers

    Are you a gambler? You need to sign up with the Asian bookmakers. Here you will never fall short of the services you need in betting. If you are not a resident of Asia, you should not be worried because the Asia bookmakers are not limited to the residents of the region. Many of the Asia bookmakers will accept fiat currency from different countries. Get high betting limits, huge and fast payouts, and a faster verification process. The welcome bonuses offered by Asia bookmakers are unparalleled with any other betting site. 

    This article will provide you with some of the best Asian bookmakers you need to sign up due to tremendous benefits.

    SBOBET

    Sbobet is one of the best Asian bookmakers in the Asian market and around the world. It has gained an exceptional reputation over the years for winning several awards and titles consecutively. It operates in many countries and accepts different fiat currencies. Sbobet bookmaker offers many Asian handicap options for you to bet and with the best odds geared for your unparalleled winnings. They have a welcome bonus of $200 on your first deposit. Sbobet has a large bet limit.

    1XBET

    This bookmaker offers you exceptional betting opportunities with greet advantages. It provides you with many matches and live betting options from the best leagues that ease prediction. They have some of the bests odd that are meant for you to make high winnings. 1xbet has huge payouts for W-D-W and secondary markets, which has contributed to its rapid growth. They have featured many innovations and offer a wide range of promotions. With 1xbet, you earn yourself a $100 bonus on the first deposit.

    PINNACLE

    The greatest asset and advantage of signing up in pinnacle is the highest odd compared to the other bookmakers; they offer some of the best odds in the betting market. They have a payout of up to 97.7%, which is huge enough. Pinnacle has no limit for staking as well; there is no limit of maximum winning per bet. They have one of the best 24/7 customer services and make a perfect option for winning players.

    UNIBET

    They offer some of the best betting odds for football. They have considerably high payout rates with a wide variety of betting options they provide to customers. Unibet offers free withdrawals. They have multi-language support services to accommodate every gambler around the world.

     

    BETWINNER

    Despite betwinner being a new Asia bookmaker, it has had accelerated growth due to offering high odds on Asian handicap markets. They have an enticing welcome bonus of 100% and weekly promotions by reloading bonuses every Thursday. Betwinner accepts transactions with many fiat currencies and cryptocurrency. The transaction with cryptocurrency is fast and straightforward, making it an excellent option for those not willing to use fiat currency.

    888 SPORT

    This is one of the best Asia bookmakers with high sports betting odds. They have fast and high cash payouts. 888sports is an excellent option for e-sports betting professionals. They give a welcome bonus of up to $30; however small, it is not a significant disadvantage considering their vast odds. 

     

  • South Korean retail sales rise as Covid-19 crisis eases

    South Korean retail sales rise as Covid-19 crisis eases

    South Korean retail sales rose by 3.9 percent year on year during April.

    The nation’s retail industry in general has benefitted from increasing demand in the e-commerce sector brought on by changes in consumer behavior in the midst of the coronavirus pandemic, despite a major hit to offline retailers.

    Figures released by Korea’s Ministry of Trade, Industry, and Energy showed combined South Korean retail sales by major companies hit US$8.74 billion last month, up from $8.39 billion during the same period last year.

    Offline retailers experienced a 5.5 percent drop in sales during the same month, compared to last year’s results.

    While sales from department stores, large supermarkets, and convenience stores dropped 14.8 percent, 2.6 percent, and 1.9 percent respectively, online retailers selling food and daily necessities saw sales increase by 16.9 percent.

    Total sales of food products increased by 56.4 percent during the month, while clothes sales dropped 8.8 percent.

  • 7-Eleven Malaysia sales surge on store network expansion

    7-Eleven Malaysia sales surge on store network expansion

    7-Eleven Malaysia sales grew by 6.1 percent in the first quarter of this year, largely on the back of 34 new store openings.

    Total sales grew by US$8.2 million during the quarter to $142 million and profit attributable to shareholders rose by 1.9 percent to $2.6 million. Same-store sales were up 1.9 percent.

    CEO Colin Harvey said the company’s strategic roadmap of strengthening assortment, supply chain, operational excellence, store base and digitally enabling the organization continues to bear fruit.

    “Despite challenging conditions ahead due to the Covid-19 pandemic, our continuous discipline in executing our strategic roadmap as well as leveraging and seeking out opportunities from our recent corporate acquisitions whilst remaining flexible to adapt to market changes shall ensure that 7-Eleven remains the nation’s preferred convenience store choice,” he said.

    The company’s revenue growth was driven by new stores, higher same-store sales and better consumer promotion activity. Revenue from fresh food grew by more than 13 percent and from tobacco by more than 7 percent.

    Despite the strong first quarter, Harvey says the group will be impacted by the Covid-19 crisis with stores in its malls closed and others operating under restricted hours during the country’s Movement Control Order

    7-Eleven Malaysia now has 2419 stores across Malaysia.

  • You can now save tweets as drafts and schedule them for later

    You can now save tweets as drafts and schedule them for later

    Twitter is becoming a lot more user friendly. Quite recently, a threaded interface was rolled out to make conversations more manageable. And now, the microblogging website has announced two nifty features.

    When you are in the middle of writing a tweet and have to leave it midway for some reason, you can now save it as a draft. Just tap ‘X’ and then select ‘Save’ to ensure the unfinished tweet is not discarded. To access it later, select Unsent Tweets and you will be able to view all your drafts.
    This feature is also available on the mobile app. However, for now, it doesn’t seem like drafts are synced between the app and the website.
    Also, for tweets to be saved as drafts, you should use the popup composer. We think Twitter will refine the feature further in the coming days.
    Twitter also lets you schedule your tweets now. Just tap on the calendar/clock icon and then select the date and time on which you want the tweet to be sent.
    As pointed out by Neowin, tweets can be scheduled for up to 18 months and you can time multiple tweets at once.
    While an average user might not find much utility in this feature, it will be incredibly useful for marketers and social media managers.