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Alibaba fined US$2.75bn for anti-monopoly violations by Chinese regulators

Inside Retail

The State Administration for Market Regulation (SAMR) said that after an investigation launched in December, it had determined that Alibaba Group had been “abusing market dominance” since 2015 by preventing its merchants from using other online e-commerce platforms.

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Reports have been circulating for more than a month now that Thailand’s Central Group is in talks with Vietnam’s Vincom Retail that could lead to the Thai company buying a majority stake. The slowdown in openings is understandable after a breathtaking four-year period from 2015-19 when Vincom opened more than 50 malls.

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Why mattress disruptor Koala is getting in bed with homewares

Inside Retail

Additionally, any homewares that get returned to the business will be put back into circulation through charities or resale, like its larger pieces. From bed frames to sofas, launching its own take on various home staples is key to the business’ growth plans, Costello said. All of its homewares are machine washable and made to last.

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Analysis: How Vietnam’s malls are riding the wave of recovery

Inside Retail

On 12 July, a rumour circulated on social media that the chairperson of Vingroup, which includes Vincom Retail, Vietnam’s largest mall operator, had been barred from leaving the country. The optimistic outlook has led retailers in the Vietnam region to dust off their pre-pandemic expansion plans and accelerate store openings.

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How Maccas, Domino’s and 7-Eleven are taking sustainability seriously

Inside Retail

The reality is that nearly one third (26 per cent) of young Australians plan to stop buying products from retailers that fail to step up and take sustainability actions.”. million pieces of plastic from circulation each year. Here are some of the ways that major retailers are taking sustainability seriously in their businesses.