retail

Results

Sino Grandness rolls out own-branded products in Meiyijia, Meiyiduo outlets across China

SINGAPORE (June 29): Sino Grandness Food Industry Group has expanded its distribution network further in the China market with its own-branded products, namely across Meiyijia convenience stores and Meiyiduo supermarkets in China.

VivoCity to officially launch B1 retail extension on July 12

SINGAPORE (June 27): VivoCity, a Mapletree Commercial Trust (MCT) property, is set to officially launch the new retail extension of its Basement 1 (B1) area on 12 July after an operational soft opening period of nearly a month.

How the global consumer landscape is set to change over the next 2-3 years: KPMG

SINGAPORE (June 14): By 2020, the consumer and retail industry landscape is likely to see an emergence of new business models, fewer physical stores, and more companies distributing their products through owned channels.

Startups, Entrepreneurs, Digital economy

Grab commuters can now shop and collect freebies with a new in-car service, Grab&Go

SINGAPORE (June 4): Ride-hailing firm Grab has launched its in-car sampling and retail passenger experience, Grab&Go, in partnership with New York-headquartered mobile marketplace operator Cargo Systems Inc.

Results

Courts Asia posts 66% lower FY18 earnings of $8 mil on Malaysia headwinds

SINGAPORE (May 30): Courts Asia, the retailer of IT, household electrical and furniture goods, reported earnings of $8.1 million for FY17/18, down 66.1% from its FY17/16 earnings of $23.7 million a year ago on lower gross profit margin and an overall reve

SK Jewellery launches second Love & Co. store in China

SINGAPORE (May 21): SK Jewellery Group, formerly known as Soo Kee Group, today announced the opening of its flagship Love & Co. store in Shanghai, China, at Hong Kong Plaza shopping mall.

Broker's Calls

Starhill Global REIT overvalued despite underlying sector recovery: Maybank

SINGAPORE (Apr 26): Maybank Kim Eng continues to rate Starhill Global REIT (SG REIT) at “sell” as it finds the units overvalued given a weak Singapore core, despite the underlying sector recovery.

Global stocks

GNC closing 200 stores as vitamin retailer slims its operations

NEW YORK (Apr 27): GNC Holdings Inc. said it will close 200 stores this year as the vitamin retail company cuts costs and grapples with more than US$1 billion ($1.3 billion) in debt.

Broker's Calls

Can Suntec REIT count on improving retail revenue to drive its earnings up?

SINGAPORE (Apr 26): RHB and Maybank Kim Eng are maintaining their "hold” calls on Suntec REIT with target prices of $1.75 and $1.94 respectively, a day after the release of its latest 1Q18 results.

How investor portfolios are evolving to prepare for volatility's return

SINGAPORE (Apr 25): Despite long-running investor expectations of a spike in volatility, professional fund buyers are remaining split over the consequent impact on their portfolios.
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