Miniso, a Japanese retailer selling consumer, fashion and cosmetics products, launched three outlets simultaneously in Hanoi on Saturday, commencing its operations in Vietnam, where it plans to open a dozen stores by the end of 2016. Miniso, a Japanese retailer selling consumer, fashion and cosmetics products, launched three outlets simultaneously in Hanoi on Saturday, commencing its operations in Vietnam, where it plans to open a dozen stores by the end of 2016. More than 50 percent of the merchandise at the newly-opened stores, located on Thai Ha, Hang Hang and Xuan Thuy Streets, sell for only USS$2, or VND45,000 apiece. Goods at the Miniso stores, open from 8:00 am to 10:00 pm, range from fashion and cosmetics to electronics and food. As in all other Miniso stores around the world, all products are designed by a team led by the brand’s co-founder and chief designer, Miyake Jyunya. Other designers in the team have previously worked for big brands like Adidas and Ikea. … [Read more...] about Japanese retailer Miniso marks Vietnam entrance with three Hanoi outlets
Sephora singapore outlets
SaladStop owner Adrien Desbaillets has eased off on expansion plans for his organic food chain in Singapore because high wages are pressuring profit margins at a time when the affluent city state is grappling with low growth and slack global demand. Instead Desbaillets is branching out in Manila, Jakarta and even in wealthy Tokyo in a worrying sign for Singapore's small, open economy. Indeed, while the city state's economy is expected to grow between 1-2 percent for the year, analysts say the wage-cost pressures are flashing warnings of a recession. At roughly 43 percent of gross domestic product - though below the 55 percent world average - wage costs in Singapore are now at levels which historically had preceded recessions in 1985, 1997 and 2001. The trouble is that the higher wages are raising business costs at a time when export-oriented Singapore has been hard hit by a cooling China, subdued domestic consumption, a downturn in commodities and global uncertainty due to Britain's … [Read more...] about High wages flash recession warnings in Singapore
Sherine Toh says her best days at work are when none of the 600-or-so staff at Singapore's Tung Lok Restaurants quits, though such days are rare. The Chinese restaurant group is one of the thousands of businesses struggling with a labor crunch caused by foreign worker curbs, that threaten the city-state's already feeble growth rates. "It has gotten much more tougher compared to the old days, five years back," said Toh, who has at least 20 vacancies to fill at any one time as head of human resources. The group closed some outlets because of the shortage. The city's restaurants, hotels and retailers have become the biggest casualties of the labor crunch since Singapore accelerated restrictions on foreign workers in 2011 as political disquiet about immigration grew. But its highly-educated locals largely shun the late hours and unglamorous work. To address the constraints, Singapore is pushing businesses to look to non-human solutions for their human resource challenges, including greater … [Read more...] about Can Singapore’s labor crunch spark a robot revolution?
(VOVworld) - Some 50 Vietnamese products, including mangoes, sapodilla, coconuts, and frozen fish are available in all FairPrice outlets in Singapore during the Vietnam Fairs scheduled from June 4th to 7th. This is the second time NTUC FairPrice introduced Vietnamese goods in its outlets. Seah Kian Peng, the Deputy Speaker of Singapore’s Parliament and CEO of NTUC FairPrice, said the supermarket chain wants to promote high-quality Vietnamese products to Singaporean customers. Vietnamese Ambassador to Singapore Nguyen Tien Minh said that this year’s program has been a success in promoting Vietnamese goods in Singapore's demanding market. He pledged the best possible conditions for Singaporean businesses to invest in and apply their standards in production processes in Vietnam to esnure Vietnamese goods’ penetration into their Singaporean markets. … [Read more...] about Vietnamese agricultural products available in Singapore outlets
The greater spending of local shoppers in Vietnam is attracting major retailers, who are finding it hard to secure enough space, writes Mr Rik Mekkelholt, Retail Consultancy Manager at CB Richard Ellis (Vietnam). Vietnam's rapid economic development, strong demographics and recent WTO accession are attracting growing numbers of international retailers. Despite developing legal and administrative systems and less than full transparency, investors are increasingly being drawn to Vietnam as economic growth fuels demand for consumer goods and modern retail formats. … [Read more...] about Looking for an outlet