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Inside Retail Asia

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Record decline in Taiwan food-service sales

Taiwan foodservice sales have slumped by 21 per cent year on year due to the coronavirus pandemic, according to data released by the Ministry of Economic Affairs.

Burberry management take pay shave as luxury brand keeps staff on payroll

Senior management of British luxury fashion house Burberry have taken a voluntary pay cut and the company has opted to retain base pay for all its employees during the Covid-19 crisis, without relying on UK government support for jobs.

Victoria’s Secret deal may be off as L Brands, Sycamore head to court

Sycamore Partners’ rescue plan for troubled lingerie retailer L Brands is all but off with the two companies headed to court after the private-equity company unilaterally cancelled the bid.

Digital transformation driving demand for Asia’s IT vendors

The demand for digital transformation is presenting Asia-Pacific IT retailers with a substantial revenue growth opportunity in the medium to long-term, according to new research.

Acne Studios open Hangzhou boutique

Swedish luxury-fashion house Acne Studios has opened a new store in Hangzhou following its Nanjing launch.

H&M tops fashion transparency, though industry-wide issues remain

Fashion Revolution has crowned H&M the most transparent fashion business in the world in 2019, scoring 73 per cent of a possible 250 points in its annual Fashion Transparency Index.

Central Pattana ramps up Covid-19 response to reassure shoppers

Thai shopping centre operator Central Pattana is promoting new hygiene and preventive measures to reassure customers their centres are safe during the coronavirus pandemic.

Online retail the ‘silver lining’ in Singapore retail space

The Singapore retail real estate market has weakened amidst the coronavirus pandemic, according to a quarterly market report released by Edmund Tie.

Food, gaming and business app downloads soar during crisis

App downloads have soared during the coronavirus crisis, with the business, food & beverage and gaming categories showing the highest growth.

Zilingo trims staff, refocuses on Asia

Online fashion platform Zilingo has axed about 45 staff, including 30 in its Singapore head office, as it refocuses on Asia in the wake of the coronavirus pandemic.

Brotzeit creates a virtual experience to promote new outlet during Covid-19 crisis

German-themed restaurant chain Brotzeit engaged a design firm to create a virtual walkthrough video of its new outlet to promote the venue during the coronavirus crisis.

Hysan Development plans to ‘revitalise retail’ with O2O plan

Hong Kong mall owner Hysan Development plans to use enhanced O2O capabilities to support the territory’s retail and catering industries during the ongoing coronavirus pandemic.