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Smart Digital Retail Philippines Moving to Another Date

indie
3 minutes

MANILA, Jan 31, 2023 - (ACN Newswire via SEAPRWire.com) - Smart Digital Retail Philippines would like to extend the opportunity for sponsors, attendees and partners to join the biggest event in the Philippine retail ecosystem. Hence, we made a decision to move the event to April 13, 2023. The event will take place at the same time and venue as planned.Smart Digital Retail Philippines will be moved to April 13, 2023 and will take place at the same time and venue as planned.The retail sector in the Philippines has been facing challenging times in the study period, which worsened due to the sudden COVID-19 pandemic. The majority forms of physical retail, including supermarkets and convenience stores, hypermarkets, specialty stores, department stores, and other small and medium store owners around the country, are facing challenges owing to the lockdown and physical distancing measures. Due to the fear of contamination, the state of Philippine retail, and the global economy as a whole, is entering a time of both hope and uncertainty. As countries continue to recover from the COVID-19 pandemic, there's been a concerted push to return to "normal."To mitigate the disruption caused by this...

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Eccentric Engine launches Virtual Retail Cloud at NADA 2023

indie
4 minutes

DALLAS, TX, Jan 26, 2023 - (ACN Newswire via SEAPRWire.com) - Eccentric Engine (Eccentric Inc.), a 3D visualization platform company and home to top automotive brands in India in their digital transformation journey, is gearing up to deliver 'Virtual Retail Cloud', its flagship offering, to U.S. auto dealerships from January, 2023.Escalade-Sport in the Dublin Cadillac Virtual ShowroomVarun Shah, CEO & CO-Founder of Eccentric Inc.Jessie Dosanjh, President of Dublin Cadillac (California Automotive Retailing Group)Joe Castelino, Stevens Creek VW (American Motors Group)Eccentric Engine is now registered as Eccentric Inc. in the U.S. (Eccentric Engine in India) and plans deep investment in industry agnostic virtual tools, which are being deployed for the U.S. automotive retail market this month. The first showcase of their new metaverse tech will be at North American Dealer Association (NADA) 2023, Booth #6711, from January 26-29.Varun Shah, Co-Founder and CEO Eccentric Engine said, "We are excited about the growth path of Eccentric Engine and transforming the company into a global player. We look forward to extending the best of virtual retailing to our OEM & Dealer partners ac...

ACN Newswire
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Moshi Moshi Retail (SET: MOSHI) debuts on SET as it pursues aggressive growth to reign supreme in lifestyle product retailing

indie
4 minutes

BANGKOK, Dec 22, 2022 - (ACN Newswire via SEAPRWire.com) - Moshi Moshi Retail Corporation (SET: MOSHI) is set to make a debut on the Stock Exchange of Thailand (SET) on 22 December, marking a new chapter of the flourishing business of Thailand's leading lifestyle product retailer.It follows an enthusiastic initial public offering (IPO) launch that saw its 75 million shares snapped up in a show of investors' confidence in the potential of MOSHI. By going public, the company is ready to embark on a major expansion that will see its chain stores rising to 165 by 2025, thus maintaining its leadership in Thailand's lifestyle product market.Mr. Sanga Boonsongkor, Chief Executive Officer of MOSHI, said the entry to the Thai bourse represents a major new milestone in the company's successful history. With the potential, competitive edge, and fundamentals as the major player in lifestyle goods retailing, MOSHI shares would gain the strength that attracts investors' attention, he stated. Currently, the company is involved with up to 12 product categories that meet the needs of customers. They are home furnishing, bags, stationery, plush dolls, fashion accessories, beauty products, apparel, c...

ACN Newswire
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Aurora set for major expansion after SET debut, first for jewel retail biz

indie
3 minutes

BANGKOK, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Aurora Design PCL (SET: AURA), one of Thailand's leaders in gold jewelry retail business, diamond jewelry and gems, is going ahead with its planned expansion after being listed on the Stock Exchange of Thailand (SET).With the kick-off of its shares on the Thai bourse today (29 Nov), AURA will proceed to add 143 outlets and expand the consignment business under the brand of 'Thong Ma Ngern Pai' (gold comes, money goes).Aniwat Srirungthum, Chief Executive Officer of AURA, said the company is aiming at raising its retail network nationwide to 409 in 2024 from 266 at the end of last September 2022.The new stores will cover greater areas of Bangkok and its vicinity, as well as cities and communities to increase access to customers in additional potential areas across the country, he added.Meanwhile, AURA has set its sights on strengthening its consignment business - whereby AURA sells gold jewelry retail, diamond jewelry and gems on behalf of the owner - to 3,846 million baht in 2024.AURA has shown its potential as the first Thai stock engaged in the gold jewelry retailing business, focussing on developing and introducing new pr...

ACN Newswire
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Dah Sing Bank and Friends of the Earth (HK) Jointly Present Retail and E-Commerce ESG Forum for SMEs

indie
9 minutes

HONG KONG, Sep 21, 2022 - (ACN Newswire via SEAPRWire.com) - The second industry forum (the "Forum") under the SME ESG Best Practices Recognition Programme ("the Programme") took place today under the joint auspices of Dah Sing Bank, Limited ("Dah Sing Bank") and Friends of the Earth (HK) ("FoE HK"). It gathered business and industry leaders to discuss how SMEs in retail and e-commerce sector can meet market needs and expand their businesses while practising sustainable development concepts, promoting diversification and inclusiveness, improving business operations, and working together to enhance environmental, social and governance ("ESG") standards for a better life together.Mr. Plato Yip, Chairperson, Friends of the Earth (HK) delivering speechMs. Phoebe Wong, Deputy Chief Executive, Senior Executive Director, Group Head of Personal Banking, Dah Sing Bank delivering speechMs. Phoebe Wong, Deputy Chief Executive, Senior Executive Director, Group Head of Personal Banking, Dah Sing Bank (Right), Mr. Plato Yip, Chairperson, Friends of the Earth (HK) (Left)The Forum - Topic 1: Dialogue with listed companies: ESG trends for the Retail & e-Commerce Sector - Opportunities and Chall...

ACN Newswire
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GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively

indie
10 minutes

HONG KONG, Sep 1, 2022 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX Code: 493. HK, "GOME" or "the Company", and together with its subsidiaries, "the Group")announced its unaudited interim results during the six months ended 30 June 2022 (the "Reporting Period").The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completedIn 1H 2022, GOME continues to promote the implementation of the "Home . Living" Strategy, and based on the development philosophy from the platform perspective, users' perspective, and technology perspective, the Company created a "full retail ecosystem sharing platform" by establishing and integrating its six business platforms, namely "online platform, offline platform, supply chain platform, logistics platform, big data & cloud platform and sharing and joint development platform". The Group further promoted the grid-based model of "Home Living and Home Services" by implementing the core business strategies of entertainment-oriented marketing, low price, quality service, and technology, striving to meet the all-around consumptio...

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Reorganize Business Segments, Inject High-Quality Assets, Gome Retail Prepare Operations & Strategies Adjustments

indie
5 minutes

HONG KONG, Aug 22, 2022 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX Code: 493.HK, "GOME" or "the Company", and together with its subsidiaries, "the Group") announced the Possible Very Substantial Acquisition and Connected Transaction on 19th, August 2022. The Company conditionally agreed to acquire the entire equity interests in Eagle Delight Properties (Overseas) Limited, aiming to inject high-quality assets at low prices and optimize the asset structure, increasing the level of return to shareholders of the Company. An application has been made by the Company to the Stock Exchange for trading in the Shares to resume from 9:00 a.m. on 22, August 2022.Affected by the internal and external macro environment, the capital market and the industry face uncertain risks. GOME prudently assesses the market situation, with the objective of improving future operational efficiency, the Company plans to reorganize its business segments and optimize its asset structure, use technological means to facilitate the digital transformation of the enterprise and improve the consumer service experience throughout the process, ultimately improve the profitability of the Group...

ACN Newswire

Malaysia Witnesses 31% YoY Hiring Growth

indie
4 minutes

Retail and Tourism roles drive high demand: Monster Employment Index Overall hiring improved by 31 per cent on a year-on-year basis Retail led with triple-digit growth of 321% annually in the Malaysian job market Demand for professionals across Hospitality and Travel roles surged as tourism bounces back in the country KUALA LUMPUR, MALAYSIA, July 15, 2022 - (ACN Newswire via SEAPRWire.com) - The Malaysian job market has recorded a 31% growth in job demand this June indicating a spree in hiring activity on an annual basis. A number of segments hit hardest by Covid-19 have shown promising signs of resurgence, as per the Monster Employment Index (MEI). An upsurge of 15% was registered for hiring activity over the last six months, while month-on-month growth improved at 5% projecting a continuous demand in the job market. Despite two years of restriction on public activities, rising prices, and the current labour crisis, the retail industry in Malaysia has moved towards recovery with a 321% year-on-year growth in job activity in June 2022. Moreover, retail sales in the country are projected to grow at the rate of 25.7% in the current quarter as per Malaysian retail associations. While ...

JCN Newswire
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Signing of a Basic Agreement between Futaba Town, Namie Town, AEON TOHOKU, and Toyota for the Establishment of a Wide Area Mobile Retail Business in Specified Reconstruction and Revitalization Bases

ruth
4 minutes

Toyota City, Japan, May 31, 2022 - (JCN Newswire via SEAPRWire.com) - Futaba Town, Namie Town, AEON TOHOKU Co., Ltd. (AEON TOHOKU), and Toyota Motor Corporation (Toyota) signed a Basic Agreement today for the Establishment of a Mobile Retail Business that Uses a Fuel Cell Vehicle in Specified Reconstruction and Revitalization Bases (Basic Agreement).Images of the fuel cell mobile retail vehicle to be operated by AEON TOHOKUAim of the Basic AgreementThe two municipalities and two companies involved in the Basic Agreement aim to support residents experiencing difficulties with everyday shopping, through the establishment of a mobile retail business. Drawing on respective resources and expertise, the intention is to contribute to regional sustainability and environmental conservation to stimulate reconstruction efforts following the Great East Japan Earthquake. In this way, the four signatories aim to resolve regional issues, improve administrative services, and build sustainable cities of the future.Future InitiativesUnder the specific initiatives of the Basic Agreement, AEON TOHOKU, the main party involved, will launch on June 10 a mobile retail business serving Specified Reconstruc...

SeaPRwire
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ETP Group Partners with Matahari to Accelerate Its Retail Digital Transformation Journey

pandora
6 minutes

Jakarta, Indonesia, May 20, 2022 – (NovationWire) – ETP Group is proud to announce a new partnership designed to grow and enhance Matahari’s ability to deliver world-class, omni-channel experiences to its customers. PT Matahari Department Store Tbk (“Matahari”; “LPPF.JK”) and ETP Group – two organizations will be deeply engaged with the retail industry and consumer journeys. Matahari, Indonesia’s first and leading modern department store, has a deep legacy in Indonesian retail. Over the years, Matahari has established itself as a truly groundbreaking national brand with 140 large format stores in 77 cities across Indonesia and has a growing online presence through MATAHARI.COM. ETP Group is an Omni-channel Retail Software company serving market leaders in 24 countries across the Asia Pacific, India, and the Middle East. ETP has successfully implemented its V5.5 Omni-channel platforms across 35,000+ stores for 500+ brands. ETP’s unique value proposition is its ability to consistently deliver enterprise class omni-channel retail solutions to its customers and build long-term strategic partnerships. Matahari has a clear vision of becoming the leading omni-channel lifestyle retailer as...

JCN Newswire
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Fujitsu Signs Strategic Collaboration Agreement with AWS to Accelerate Digital Transformation in Finance and Retail Industry

ruth
5 minutes

TOKYO, May 18, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced that it has signed a strategic collaboration agreement with Amazon Web Services (AWS) to accelerate the digital transformation (DX) of customers in the financial and retail industries with new services to be built on AWS. Under this agreement, Fujitsu will deploy these new services for customers in Japan and globally in AWS Marketplace(1). Fujitsu will additionally leverage AWS Professional Services(2) to help customers develop and operate new systems, as well as modernize their existing systems by using the breadth and depth of AWS services.Fujitsu signed an SCA with AWS to accelerate digital transformation in the mobility industry in May 2021(3). This new agreement, focusing on the financial and retail industries will create new offerings that are an integral new part of the FUJITSU Hybrid IT Service, Fujitsu's cloud service, and will allow Fujitsu to deliver a wide range of customers IT environments and solutions optimized for their needs under its "Hybrid IT" portfolio, which represents one of seven Key Focus Areas of Fujitsu's business brand, Fujitsu Uvance.Hirohisa Yamaguchi, Executive Vice Presi...

ACN Newswire
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Society Pass (SoPa) spins off Leflair to create Leflair Group (LFG), appoints New CEO

indie
5 minutes

SINGAPORE, Apr 15, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Inc (SoPa) (NASDAQ: SOPA), a leading Southeast Asian loyalty and ecommerce ecosystem, today announced completion of restructuring Leflair's Vietnam operations, spinning-off Leflair Group (LFG) as an integrated lifestyle retail ecosystem in Southeast Asia's US$100B+ retail market. SoPa has also appointed Loic Gautier as the Chief Executive Officer of LFG. Ngo Thi Cham, Vietnam Country Head of SoPa and current Managing Director of Leflair, will become LFG's Chief Operating Officer and work alongside Loic in driving the business through to the next stage.As a result of this corporate restructuring, the Leflair Group is set to become Southeast Asia's next lifestyle retail super distributor nexus, evolving from a single discounted platform to a lifestyle retail ecosystem, providing shoppers with an integrated and unique shopping experience from online to offline. LFG will continue to pursue company acquisitions in the e-commerce, lifestyle retail and online advertising verticals.Ray Liang, CFO of SoPa Group, commented, "After the IPO of SoPa last year, we have been working on a new strategy for Leflair, in order t...

ACN Newswire
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Society Pass (SoPa) spins off Leflair to create Leflair Group (LFG), appoints New Group CEO

indie
5 minutes

SINGAPORE, Apr 15, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Inc (SoPa) (NASDAQ: SOPA), a leading Southeast Asian loyalty and ecommerce ecosystem, today announced completion of restructuring Leflair's Vietnam operations, spinning-off Leflair Group (LFG) as an integrated lifestyle retail ecosystem in Southeast Asia's US$100B+ retail market. SoPa also appointed Loic Gautier as the Chief Executive Officer of LFG. Ngo Thi Cham, Vietnam Country Head of SoPa and current Managing Director of Leflair, will become LFG's Chief Operating Officer and work alongside Loic in driving the business through to the next stage.As a result of this corporate restructuring, the Leflair Group is set to become Southeast Asia's next lifestyle retail super distributor nexus, evolving from a single discounted platform to a lifestyle retail ecosystem, providing shoppers with an integrated and unique shopping experience from online to offline. LFG will continue to pursue company acquisitions in the e-commerce, lifestyle retail and online advertising verticals.Ray Liang, CFO of SoPa Group, commented, "After the IPO of SoPa last year, we have been working on a new strategy for Leflair, in order to ma...

ACN Newswire
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Society Pass spins off Leflair into Leflair Group, appoints new Group CEO

indie
5 minutes

SINGAPORE, Apr 15, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Inc (SoPa) (NASDAQ: SOPA), a leading Southeast Asian loyalty and ecommerce ecosystem, today announced completion of restructuring Leflair's Vietnam operations and a spin-off into Leflair Group (LFGroup). SoPa has also appointed Loic Gautier as Chief Executive Officer of the new LFGroup. Ngo Thi Cham, Vietnam Country Head of SoPa and current Managing Director of Leflair, will become LFGroup's Chief Operating Officer and work alongside Loic in driving the business through the next stage.As a result of this corporate restructuring, the Leflair Group is set to become Southeast Asia's next lifestyle retail super distributor nexus, evolving from a single discounted platform to a lifestyle retail ecosystem, providing shoppers with an integrated and unique shopping experience from online to offline. The Leflair Group will continue to pursue acquisition of companies in the e-commerce, lifestyle retail and online advertising verticals.Ray Liang, CFO of SoPa Group, commented, "After the IPO of SoPa last year, we have been working on a new strategy for Leflair, in order to maximize its potential as a destination for life...

ACN Newswire
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Society Pass spins-off Leflair into Leflair Group, appoints Group CEO; to become next Super Distributor Nexus in SEA’s Lifestyle Retail Ecosystem

indie
5 minutes

SINGAPORE, Apr 15, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Inc (SoPa) (NASDAQ: SOPA), a leading Southeast Asian loyalty and ecommerce ecosystem, today announced the completion of restructuring Leflair's Vietnam operations with the spin-off of Leflair Group (LFGroup). Along with this restructuring, SoPa has appointed Loic Gautier as Chief Executive Officer of the new Leflair Group. Ngo Thi Cham, Vietnam Country Head of SoPa and current Managing Director of Leflair, will become the Leflair Group's Chief Operating Officer and work alongside Loic in driving the business towards its next stage of growth. As a result of this corporate restructuring, the Leflair Group is set to become Southeast Asia's next lifestyle retail super distributor nexus, evolving from a single discounted platform to a lifestyle retail ecosystem, providing shoppers with an integrated and unique shopping experience from online to offline. The Leflair Group will continue to pursue acquisition of companies in the e-commerce, lifestyle retail and online advertising verticals.Ray Liang, CFO of SoPa Group, commented, "After the IPO of SoPa last year, we have been working on a new strategy for Leflair, in...

ACN Newswire
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Society Pass spins-off Leflair as Leflair Group and appoints Group CEO; becoming a Super Distributor Nexus in SEA’s Lifestyle Retail Ecosystem

indie
5 minutes

SINGAPORE, Apr 15, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Inc (SoPa) (NASDAQ: SOPA), a leading Southeast Asian loyalty and ecommerce ecosystem, today announced the completion of restructuring Leflair's Vietnam operations with the spin-off of Leflair Group. Along with this restructuring, SoPa has appointed Loic Gautier as Chief Executive Officer of the new Leflair Group. Ngo Thi Cham, Vietnam Country Head of SoPa and current Managing Director of Leflair, will become the Leflair Group's Chief Operating Officer and work alongside Loic in driving the business towards its next stage of growth. As a result of this corporate restructuring, the Leflair Group is set to become Southeast Asia's next lifestyle retail super distributor nexus, evolving from a single discounted platform to a lifestyle retail ecosystem, providing shoppers with an integrated and unique shopping experience from online to offline. The Leflair Group will continue to pursue acquisition of companies in the e-commerce, lifestyle retail and online advertising verticals.Ray Liang, CFO of SoPa Group, commented, "After the IPO of SoPa last year, we have been working on a new strategy for Leflair, in order to ...

ACN Newswire

GOME achieved strong earnings growth with business scale and quality upgrade in 2021

indie
11 minutes

HONG KONG, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX stock code: 493) announced today its audited annual results for the twelve months ended 31 December 2021.Closely following national policies to promote the strategic transformation of business and comprehensively implement the second phase of the "Home . Living" strategyIn early 2021, GOME officially launched the second phase of its "Home . Living" strategy, strengthened entertainment and social interaction, with six platforms complementing each other to create a closed-loop omni-retail ecosystem. In October 2021, GOME completed the construction of infrastructure for omni-retail ecological sharing platform covering "omni-scenario, omni-chain, omni-service and omni-mode", thereby starting a new development phase at full speed. Relying on the establishment of six major platforms and other infrastructures, GOME has developed a strategic path and layout from a single electrical appliance chain to full-category operation covering the "Home . Living" sector, built a digital and physical economy platform that integrates online and offline operations, and become a model enterprise for promoting ...

ACN Newswire
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EEKA Fashion Announces 2021 Annual Results, Double-digit Revenue and Profit Growth Driven by Multi-Brand Strategy

indie
5 minutes

HONG KONG, Mar 28, 2022 - (ACN Newswire via SEAPRWire.com) - EEKA Fashion Holdings Limited (Ticker: 3709.HK, "EEKA" or "the Group") announced unaudited consolidated annual results for the year ended 31 December 2021 ("the period"). In 2021, the Group's revenue increased 19.3% year-on-year to RMB6.4 billion. Gross profit was RMB4.8 billion, representing an increase of 21.2% year-on-year. The gross profit rate was 74.6%. Net profit increased by 28% to RMB562 million.Mr. Jin Ming, Founder and CEO of EEKA Fashion, said "Based on EEKA's multi-brand strategy, we are committed to providing high-quality products to meet our customer's needs, to further empower the intellectual, elegant, and modern styles for women. EEKA focuses on enhancing our core operational capabilities through innovative research and design, supply chain digitalization, and membership management. With our platform-based multi-brand strategy, we will continue to grow our business amid positive market outlooks, and to fuel the innovations within the industry with our leading position. With that, we are confident in achieving the goal of exceeding 10 billion retail sales by 2023."During the period, the Group recorded str...