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.

  • KitchenAid India launches its first brand-new Experience Store in India

    KitchenAid India launches its first brand-new Experience Store in India

    KitchenAid India, An International Premium Home Appliances Brand has launched its first & exclusive Experience Store in Ghitorni, New Delhi. They organized an event, “Where Makers Unite” to celebrate the inauguration of the store.

    Passionate makers from different locations of Delhi NCR came to Ghitorni to explore the design & performance of KitchenAid’s premium appliances, LIVE. The demonstration of each product was discovered through a special recipe cooked by MasterChef Ashish Singh. He immersed the audience with his innovative flavors that included mulled wine green tea, mushroom walnut Galouti, and various other delicacies. They also hosted an expert mixologist, Gaurav Chauhan on the floor, who was seen crafting fresh & enticing drinks with the powerful performance of the KitchenAid Blender. His recipes included plum pudding, salted caramel shake, and many more mouth-watering drinks.

    With their Experience Store, people had the opportunity to explore the design of every product and delve into the specific features from the iconic collection of Stand Mixers, Blenders, Food Processors, Toasters, Hand Blender and various other premium appliance. All the appliances showcased at the store are designed with ease and ergonomics in mind, KitchenAid’s chic and sturdy metal structures come in a wide range of signature colors, known for their placid and versatile performance – the Stand Mixer has its unique ‘planetary’ motion and the powerful 10-speed motor. With this inauguration, KitchenAid gave them an opportunity to learn new cooking tips & recipes with their wonderful range.

    Vivek Chaudhary, Country Head, KitchenAid, shared a few words about the store & the launch – “It was a delight to see such passionate people at the event. The Experience Store is a space to unearth the beauty of each appliance & learn about their performance. KitchenAid Appliances are known for their elegant features of exceptional craftsmanship, durability, quality of material and robustness.”

    “We aspire to bring an incredible experience to the makers with a complete range of premium countertop kitchen appliances. With this attempt we aim to expand our reach and become the number one choice for not just chefs but also passionate makers”, he added.

  • Vietjet Announces New Routes to Seoul to Celebrate 30th Anniversary of ASIAN – South Korea Relations

    Vietjet Announces New Routes to Seoul to Celebrate 30th Anniversary of ASIAN – South Korea Relations

    To celebrate the 30th anniversary of the relations between the Association of Southeast Asian Nations (ASEAN) and South Korea, as well as the recent Mekong – South Korea summit, new-age carrier Vietjet has announced plans for new routes that will connect some of Vietnam’s largest and fast-growing tourist destinations, such as Da Lat, Can Tho, Nha Trang and Phu Quoc with Seoul.

    The announcement ceremony took place during the Vietnam – South Korea Business Forum on 28 November 2019 in Seoul, South Korea, and was attended by Prime Minister of Vietnam Nguyen Xuan Phuc, Deputy Prime Minister of South Korea Hong Nam-Ki and senior leaders from both the South Korean and Vietnamese governments.

    Connecting Seoul, the dynamic capital of South Korea, with Dalat in Vietnam’s Central Highlands, Can Tho in Southwest Vietnam’s Mekong Delta, Nha Trang on the south-central coast of Vietnam and Phu Quoc, also known as Vietnam’s “Pearl Island”, means that Vietjet’s new routes will boost tourism and trade in the two regions. It will also boost cultural exchanges between the two countries while forging closer ties between South Korea and ASEAN, one of the world’s fastest-growing economic blocks.

    Starting from January 2020, the new Seoul (Incheon) – Can Tho route is planned to operate three return flights per week, while the new Seoul (Incheon) – Da Lat route will fly four return flights per week, each with a flight time of more than five hours per leg. The two current routes linking Seoul (Incheon) to Nha Trang and Phu Quoc will also increase frequencies to meet the increasing passenger demands.

    Speaking at the ceremony announcing the launch of the new routes, Vice Chairman of Vietjet Nguyen Thanh Hung thanked the governments of Vietnam and South Korea for creating opportunities for business investment and cooperation between the countries. He also pledged that the airline will continue its mission to offer more flights with new upcoming routes with Vietjet’s modern fleet. He added that all Vietjet passengers can look forward to being served by a team of dedicated and friendly cabin crew, pointing out Vietjet’s stellar standards for safety and technical reliability.

    Mr. Nguyen Thanh Hung also expects that the close relations between Vietnam, the rest of ASEAN and South Korea will contribute to the expansion of the regional aviation sector around the globe.

    With the two new routes, Vietjet operates the most number flights connecting Vietnam and South Korea with a total of 11 routes and up to 480 flights per month. The airline’s growing network has helped to boost bilateral ties and improve strategic cooperation between the two nations, creating a positive impact on the relations between ASEAN and South Korea.

  • UK stationery brand Paperchase launches in Malaysia and Singapore

    UK stationery brand Paperchase launches in Malaysia and Singapore

    British stationery brand Paperchase is now selling in Malaysia at selected MPH bookstores.

    According to a Malaysian Reserve report, the London-based firm – one of the largest gifts and stationery retailers in the UK – is joining brands such as Typo and Smiggle in planning their Asia expansion, with selling in Malaysia and Singapore the first step. It is currently seeking further retail partners in various countries.

    “Being the exclusive partner of Paperchase in Malaysia and Singapore, it is our aim to introduce new and interesting merchandise by reputable brands and make it available to our customers,” said MPH GM of business and strategic development Ivy Tan.

    “Having these unique offerings in our store also helps us differentiate our offerings and stand out from other players in the market.”

    Paperchase operates more than 200 stores internationally.

  • Japan retail sales tumble as tax rise takes effect

    Japan retail sales tumble as tax rise takes effect

    Japan retail sales fell by 7.1 percent in October – the greatest single monthly fall in almost five years.

    The reason: the implementation of a sales-tax increase from 8 percent to 10 percent on October 1, aimed at helping reduce the country’s public debt, which is running at twice the size of its GDP.

    The headline figure was driven by a significant reduction in sales of big-ticket items such as motor vehicles and appliances. But department stores and apparel retailers also bore the brunt.

    Japan retail sales fell by 14.4 percent month on month, higher than the 13.7-per-cent month-on-month decline which followed previous sales-tax increases 1997 and 2014.

    Some analysts, however, have suggested the October decline may have been worsened by weather during the month, which included severe typhoons in the central and eastern parts of the country. There was also likely to be an element of extra spending in September as consumers tried to mitigate the tax effect.

  • Australian Authorities Ask AirAsia To Re-evaluate Safety Briefing

    Australian Authorities Ask AirAsia To Re-evaluate Safety Briefing

    AirAsia has been asked to re-evaluate its safety briefing after an incident on a flight between Perth and Denpasar in October 2017. During the incident in which oxygen masks were deployed, not all masks did so and not all masks worked, causing a degree of confusion in the cabin and for passengers to ignore seatbelt lights as they searched for working oxygen masks.

    As reported in Australian Aviation, an AirAsia A320 was flying from Perth to Denpasar on October 15, 2017. Shortly after takeoff, there was a high cabin altitude master warning. The Australian Transport and Safety Bureau (ATSB) who investigated the incident determined there was an “intermittent rare fault” with the cabin pressure controller 1 circuit board. This caused an incorrect control of the outflow valve, leading to over-pressurization of the aircraft cabin and activation of the cabin safety valves and alerts of excess cabin altitude.

    Following the alerts, the pilots asked ATC for an emergency descent from 34,000 feet to 10,000 feet, informed the passengers and deployed oxygen masks.

    According to the ATSB report, not all masks deployed and some of those that did deploy did not work properly. Some of the passengers ignored crew instructions, getting out of their seats and looking for oxygen masks that did work.

    At the time the seatbelt light was on and the crew was shouting instructions such as “brace”,“sit down”, “get down,” and  “grab the mask, fasten the seatbelt, breathe normally”. According to the ATSB, these could have had the effect of furthering fear and confusion amongst the passengers.

    The aircraft landed in Perth safely. The crew appears not to have handled the disembarkation process particularly well. The ATSB report says;

    It was also noted that some passengers had put on life jackets.

    The ATSB investigation revealed over half of the passengers were “unsure” if their masks were working correctly. Many passengers were also unclear about how to operate the oxygen masks. The ATSB investigation found when the release pin was removed, the oxygen canister did not work in six seats. In another six seats, the oxygen masks did not deploy. In a further three seats, no lanyards were pulled to commence the flow of oxygen.

    The ATSB investigation found that both the pre-flight safety briefing and the safety card did not clearly demonstrate how to activate the flow of oxygen. The ATSB report said;

    “The ATSB recommends that AirAsia Indonesia take further action to review its current passenger pre-flight safety briefing and safety information card to ensure passengers are provided with clear instructions on how to activate the flow of oxygen from the passenger oxygen masks and that the bag may not inflate when oxygen is flowing.” 

    The ATSB found the contributing factors to the incident was a minor intermittent fault with the active cabin pressure controller. Airbus has reviewed its A320 emergency procedures when an incident like this occurs. Airbus now recommends and has implemented a manual cabin pressure controller changeover in case of abnormal cabin altitude.

    The ATSB found the lack of clear instructions in both the pre-flight safety briefing and in the safety cards, combined with inappropriate commands from the cabin crew for a rapid descent and depressurization, along with a failure to deal with non-compliant passenger behavior were factors that increased risk.

    AirAsia flies to several Australian cities, including Melbourne, Perth, Brisbane, Adelaide and Sydney. The airline told the ATSB that it was adhering to Indonesian regulations and that it would “consider” including the requirements in its safety demonstration announcements.

  • Harvey Nichols suffers as Mainland Chinese tourists ‘disappear’

    Harvey Nichols suffers as Mainland Chinese tourists ‘disappear’

    Declining Mainland Chinese visitors to Hong Kong have put a dent in Dickson Concepts’ sales and profit in the first half of its fiscal year.

    Dickson Concepts, which owns the Harvey Nichols department store network, has reported a 6.6 percent decline in sales to HK$1.713 billion (US$218.8 million), and net profit attributable to shareholders down 10.9 percent to $119 million.

    But it was a tale of two quarters, according to chairman Sir Dickson Poon.

    “The group achieved significant growth in both sales and profit in Hong Kong during the initial few months. However, the retail climate in Hong Kong deteriorated significantly thereafter and Mainland Chinese tourists all but disappeared.”

    The impact of that was partially offset in Taiwan where like-for-like profits increased by 169 percent as a result of margin improvement and cost and inventory control.

    Sir Dickson did not mince words in his shareholder announcement, describing the outlook for Hong Kong retail as “bleak”.

    “The group is extremely pessimistic about the retail climate in Hong Kong. Trading has been adversely affected and sales have been achieved at the expense of margin. Meanwhile, fixed costs remain very high. Additionally, the group does not expect a return of Asian and Mainland Chinese tourists in the foreseeable future. The significantly worse result could be expected in the second half of this financial year. With Hong Kong in recession, the future looks bleak.”

    Dickson Concepts opened the new Harvey Nichols store at Pacific Place on September 19, the first of its new generation stores globally, mixing the company’s online and offline stock seamlessly using interactive displays and digital technology.

    “The new store has been well received since its opening,” said Sir Dickson. “We are confident that the store and the new model will become a long-term success.”

    By combining interactive digital displays alongside traditional physical display units, the store now showcases more than three times the number of products within half the floor space, thereby enabling an increase in sales density with significantly reduced fixed costs, while offering customers “a truly differentiated shopping experience”.

    Despite the gloomy era in Hong Kong, Sir Dickson said the company has net cash of $1.728 billion and a strong balance sheet.

    “The group is in a strong position to cope with Hong Kong’s recession and the very difficult retail climate.”

  • AirAsia boosts third-quarter profit 5% amid strong revenue rise

    AirAsia boosts third-quarter profit 5% amid strong revenue rise

    AirAsia Group‘s third-quarter profit rose 4.6% to more than MYR264 million ($63.3 million) as revenue and passenger numbers increased.

    Revenue for the quarter ended 30 September was up 18% at MYR3.07 billion. Group-wide traffic likewise grew 18%, slightly lower than the 19% increase in capacity. This resulted in a two-point load-factor decline, to 84%.

    Expenses related to staff, maintenance and user charges rose amid expansion. Depreciation costs meanwhile grew, reflecting the adoption of a new accounting standard on leases.

    AirAsia made a net loss of MYR67.5 million as it took hits from foreign exchange and fair-value losses on derivatives. The previous year, it had made a MYR804 million net profit in the third quarter.

    On a nine-month basis, AirAsia‘s operating profit halved to MYR707 million, despite a 17% lift in revenue to MYR9.09 billion. Net profit shrunk 96% to MYR99.5 million.

    Across the airline operations, third-quarter EBITDA more than doubled to MYR662 million. The group’s overseas units in Indonesia, Philippines and Thailand all improved their performance, while the one in India narrowed its losses.

    Thai AirAsia‘s EBITDAR rose 20.5% to Bt1.32 billion ($43.7 million), while revenue grew 5.3% to Bt9.42 billion. The airline attributes a Bt761 million loss after tax to exchange-rate effects and notes that unit revenue is under pressure as a result of competitors’ low pricing.

    Indonesia AirAsia‘s third-quarter EBITDA was narrowly positive at Rp415 million ($29,000); revenue swelled 72% to Rp1.83 trillion. Net profit came in at Rp61.2 billion, reversing a Rp214 billion net loss in the same period last year.

    Philippines AirAsia‘s EBITDA came in at nearly Ps1 billion ($19.7 million), reversing a Ps1.32 billion loss in the same quarter of 2018. Revenue jumped 40% to Ps6.23 billion, and the operation’s net loss narrowed to Ps367 million.

    AirAsia India narrowed its EBITDA loss to Rs1.2 billion ($16.8 million), as revenue climbed 58% to Rs7.24 billion. Loss after tax was flat at Rs3.1 billion. AirAsia says the unit’s costs grew in line with capacity increases.

    Meanwhile, AirAsia Japan made a net loss of Y3.71 billion ($33.9 million).

    As of 30 September, the AirAsia Group had MYR2.18 billion in cash and cash equivalents – some MYR4.43 billion less than it had on the same date last year.

    AirAsia Group says newly delivered Airbus A321neos will be deployed on routes with high demand and constrained infrastructure, in an effort to reduce unit cost.

    In 2020, the group will make a net addition of 12 aircraft to its fleet. Malaysia AirAsia will not take any aircraft, while Thai AirAsia will remove three jets. Indonesia AirAsia and AirAsia Japan will each receive three jets, and Philippines AirAsia two. The bulk of the growth will be at AirAsia India, which will add seven aircraft.

    The airline group foresees a “positive… core performance” during the fourth quarter. It says: “As the group repositions the business to adapt to the evolving business environment along with new accounting treatment and restructured aircraft ownership, we look forward to a better year in 2020.”

  • American Eagle closing all Japanese stores

    American Eagle closing all Japanese stores

    All American Eagle and Aerie stores in Japan are set for closure by year-end.

    Eagle Retailing Corporation, the Japanese partner of American Eagle Outfitters, said it is shutting down all American Eagle and Aerie stores including its digital business in Japan starting from December 18, with the exit to be completed by the end of the month.

    The closure forms part of Eagle Retailing’s decision to shift focus to business wear and the mutual termination of a license agreement with Pennsylvania-based American Eagle Outfitters.

    Denim brand American Eagle and lingerie brand Aerie has been operating in the Japanese market for seven years. Eagle Retailing opened the first store in 2012, two years after signing the license agreement. The two brands currently have 33 combined brick-and-mortar stores, complemented with an e-commerce business.

    However, American Eagle Outfitters says it remains committed to continued growth in the Japanese market despite the closure.

    “The company is exploring options for its future business model and is taking steps to reposition its distribution channels to best serve customers,” it said.

    “We thank our partners at Eagle Retailing for establishing a strong brand presence and we look forward to our next chapter of growth,” the company added.

  • The Shilla Duty Free unveils Montblanc boutique

    The Shilla Duty Free unveils Montblanc boutique

    International travel retailer The Shilla Duty-Free has partnered with men’s luxury accessories brand Montblanc to unveil a new standalone boutique concept at the Hong Kong International Airport (HKIA).

    The new boutique concept is The Shilla Duty-Free’s latest approach to rejuvenate its fashion and accessories offer, aiming to provide an accessible luxury experience. In homage to Montblanc’s heritage of writing and craftsmanship, the rounded and curved shape of the immersive retail environment, as well as the store’s rear wall furniture designs, are inspired by the art of cursive calligraphy and reminiscent of the “art nouveau era” when Montblanc was founded.

    The new Montblanc boutique will offer the brand’s best-selling products across all major categories at HKIA, including writing instruments, watches, leather goods and accessories. A curated selection of premium and unique products such as seasonal limited editions will also be available in store. The store is targeting sophisticated millennials, business travelers and “other discerning clientele”.

    The new boutique concept will be offering personalization services for its products, such as artistry limited-edition pieces, engraving services for writing instruments and hot stamping for leather goods.

    Montblanc Hong Kong & Macau MD Pierre-Etienne said the company wanted its products to make the travel experience as enjoyable as possible, “leaving room to learn about the world around us, inspiring us to leave our mark”.

  • Best Mart 360 sales soar on new store openings

    Best Mart 360 sales soar on new store openings

    A significant expansion in Best Mart 360’s store network has helped boost sales in the first half, despite the company being heavily impacted by protests since June.

    As at the end of September, Best Mart 360 operated 98 stores, a net 21 more than the same time a year earlier.

    It opened 14 new stores and closed five existing ones during the period, mainly due to the consolidation of stores in close proximity or upon expiration of leases.

    The self-described “leisure food retailer” reported sales growth of 14.7 percent in the first half, to HK$609.857 million, despite the headwinds caused by US-China trade tensions and a sharp decline of private consumption spending due to “the outburst of domestic upheaval in Hong Kong” in June.

    Profit attributable to shareholders slipped by 6 percent to $13.457 million, “mainly attributable to certain adverse impact on the normal business operation of the retail stores of the group caused by the recent social movement in Hong Kong,” the company said.

    Many of the company’s stores have been targeted by radical protestors who ransacked interiors and destroyed stock, claiming the company’s owners were associated with attacks on the protest movement.

    The social disorder has had a positive side for Best Mart 360, however. The group says it has received short term rental reductions ranging from 3 percent to 30 percent for periods ranging from one to six months from some landlords, in response to the deterioration in the overall business environment in Hong Kong.

  • Florim opens Singapore flagship store

    Florim opens Singapore flagship store

    Italian ceramic tile maker Florim is opening a flagship store in Singapore tomorrow.

    The two-storey outlet is the group’s first showroom in Asia, featuring a well-lit open-space interior showcasing the brand’s best-sellers. The interior areas are intended to provide a functional workplace, with a co-working approach.

    “We began transforming what everyone thought was just a tile into a vital design tool more than 50 years ago,” said Florim Ceramiche chairman Claudio Lucchese. “And now the time is ripe to spread and share our experience and passion at a global level. Florim is not a ceramic-coverings firm that aims to give its products design connotations; it is a design firm that produces ceramic materials”.

    The store concept, created by the company’s in-house design department to reflect the firm’s other corporate locations, adopts the same design language as its Milan, New York and Moscow flagships.

    The Singapore store is expected to assist Florim in establishing ties with big architecture firms. The flagship – located at 63 Mohamed Sultan Road – will be followed by other openings next year.

  • Tigerair Cancels Flights From The Whitsundays To Sydney

    Tigerair Cancels Flights From The Whitsundays To Sydney

    Tigerair has announced it will cancel flights from Whitsunday airport to Sydney in early 2020. Flights will still continue over the Christmas and New Year period, but anyone who has booked the service from Feb 2020 onwards will be notified by the airline.  Direct flights will still continue to be available through Jetstar.

  • Harry Potter merchandise retailer launches in the Philippines

    Harry Potter merchandise retailer launches in the Philippines

    Scotland-based Harry Potter merchandise retailer Museum Context has launched its first Philippine store at SM Mall of Asia in Pasay City.

    The store, which specializes in licensed Harry Potter products, is operated by an avid fan of the books and movies, Katsie Llave, who during a trip with her father to Edinburgh, came across the Museum Context flagship store on Victoria Street. At the same time, she happened to meet its founder Andrew McRae, who agreed to partner with her in developing the concept in the Philippines.

    Llave, who also runs events company Patronus, describes the partnership with McRae, as a perfect opportunity “to create magical moments for fans, by fans”.

    “Every item in this shop has been selected with genuine excitement and dedication to the brand, and we are confident that fans will fall in love with this just as much as we have,” she said.

    “Our first weeks of trading have exceeded all our expectations and is proof that the magic lives on,” she said.

    Museum Context, founded in 2007, operates four stores in Edinburgh. In 2011, McRae took the concept to Hong Kong, and has since expanded to several locations including one at Hong Kong International Airport, which opened earlier this year.

    McRae sees Asia as a key growth market and says that the Philippine foray acts a gateway for future expansion in the region.

  • AirAsia birthday extend to Thailand

    AirAsia birthday extend to Thailand

    Following on from the launch of low-fares and holiday deals in Kuala Lumpur earlier this week, Thai AirAsia is marking the group’s 18th birthday with more promotions.

    Promotional fares are as low as THB318 for BIG members and THB361 for a non-member on domestic routes from Bangkok to Ubon Ratchathani, Udon Thani, Chiang Mai, Phuket, Krabi, and Khon Kaen.

    On international routes, the deals include bargain fares to Can Tho, Danang, Ho Chi Minh, Macau, Jaipur and Shantou.

    A return flight plus a two-night hotel package has a starting price of THB1,999 per person.

    Other deals include 8% off all add-on baggage selections and an 8% discount on a comprehensive insurance plan.

    The special fares are available on airasia.com and the AirAsia mobile app until 1 December for travel from 27 April 2020 to 1 March 2021. All-in fares including taxes and fees

  • Taiwan retail sales hit new high in October

    Taiwan retail sales hit new high in October

    Taiwan retail sales set a record in October, according to data from the Ministry of Economic Affairs (MOEA).

    Retail sales rose 4.2 percent year on year to NT$340.7 billion (US$11.16 billion), the highest ever recorded for October and following year-on-year sales increases for every month of this year to date.

    The figures indicate that global trade tensions have largely not impacted private consumption in the country.

    “Wealth effects arising from a booming local stock market prompted consumers to shop,” said MOEA’s statistics department deputy head Wang Shu-chuan, “although the domestic economy has been affected by a global slowdown amid unfavorable trade issues.”

    Taiwanese retail sales by department stores rose 2.5 percent to NT$40.6 billion ($1.33 billion) while supermarket sales grew 8.8 percent to NT$18.0 billion ($590 million).

    For the first 10 months of the year, Taiwan retail sales rose 2.9 percent.