Author Archives: terencetofu

How the coronavirus outbreak is affecting retail in Asia The coronavirus outbreak that originated in mainland China has led to border controls in various countries, a decrease in tourist traffic and a drop in consumer confidence in the most affected countries. Shoppers are staying at home to avoid being infected and are staying away fromContinue reading “How the coronavirus outbreak is affecting retail in Asia”

Key Takeaways from the Luxury Symposium 2020 “Disruption and challenges: Where luxury goes next” was the topic of the 4th edition of the Luxury Symposium, held in Hong Kong on January 20. Hosted by the French Chamber of Commerce and sponsored by Tofugear, Farfetch, Hongkong Land and others, it touched on the challenges the luxury sectorContinue reading “Key Takeaways from the Luxury Symposium 2020”

Why opening physical store is more important than ever Having a physical presence is more important than ever in the Philippines While many bricks and mortar retailers have moved into online retailing some time ago, the reverse is now happening too. In the Philippines, Lazada and Zalora are but some of the ecommerce players thatContinue reading “Why opening physical store is more important than ever”

Key themes of the 2019 Asia E-tailing Summit With the Asia E-tailing Summit concluded on December 5, here we summarise four key themes that emerged across the two days of this year’s event in Hong Kong.   There are ample ecommerce opportunities in Asia Online retail revenue in Southeast Asia is forecast to grow at aContinue reading “Key themes of the 2019 Asia E-tailing Summit”

Black Friday and Cyber Monday in Asia are nowhere near Singles Day While Black Friday and Cyber Monday are still mainly ­­US-based events, it is beginning to extend its reach and gain awareness across Asia. During the 2019 event, we witnessed promotions across China, Hong Kong, India, Taiwan and elsewhere in Southeast Asia. Some retailersContinue reading “Black Friday and Cyber Monday in Asia are nowhere near Singles Day”

Three reasons why retailers in Asia are upgrading their ecommerce platforms There are currently almost an endless array of technologies and innovations that retailers can invest in as they look to future-proof their business and meet the expectations of the next generation of customers. But when Tofugear surveyed retail executives across Asia as part ofContinue reading “Three reasons why retailers in Asia are upgrading their ecommerce platforms”

What innovations are retailers prioritising for 2020? New innovative approaches are required for retailers to continue to meet the lofty expectations of today’s connected consumers. Inside Retail’s Top 50 innovative retail leaders ranking is testament to the progress that is being made in Hong Kong. But what does the picture look like for retailers elsewhereContinue reading “What innovations are retailers prioritising for 2020?”

Six Key Trends That Shaped Retail in Asia in 2018 As we move into the New Year, it is worth looking back at the retail trends that emerged in Asia in 2018. Spoiler alert: voice ordering technology or virtual reality are not among them. However, the six trends that Tofugear’s research team have identified lookContinue reading “Six Key Trends That Shaped Retail in Asia in 2018”

Six Key Trends That Shaped Retail in Asia in 2018 Asia is increasingly cast as being at the forefront of retail innovation, but arguably much of this emanates from China – where retail giants such as Alibaba and JD.com seem to come up with radical new initiatives on almost a weekly basis. When Tofugear conductedContinue reading “How Confident are Asian Retailers with Innovation?”

Is Gen Z the Saviour of Bricks and Mortar? “80% of Gen Z prefer to shop in-store” “Gen Z prefers to shop in-store versus online” “Gen Z shoppers prefer physical retail These are but some of the headlines that have emerged in recent years on Generation Z – the demographic cohort that follows those peskyContinue reading “Is Gen Z the Saviour of Bricks and Mortar?”