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Inside Retail Asia

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Meal kits drive strong sales and profit growth for GS Retail

GS Retail, which operates the South Korean convenience-store chain GS25, has reported a huge profit increase for this year’s first financial quarter, boosted by sales of pre-packed meal kits popular during the coronavirus lockdown.

Singapore Press Holdings sells its Buzz convenience-store chain

Singapore Press Holdings has sold its wholly owned convenience-store chain Buzz Shop to Thai-Pore Enterprise.

Hong Kong govt hands out HK$1.5 billion support to retailers

More than US$193.5 million in subsidies have been approved so far for eligible retailers under the Hong Kong government’s Retail Sector Subsidy Scheme.

Instagram launches online food-ordering tools

Instagram has launched new food-ordering tools to assist small-to-medium businesses facing difficulties during the coronavirus pandemic.

Mitsukoshi eyes first quarterly loss in eight years

Japanese department-store chain Isetan Mitsukoshi is likely to report its first loss over a single financial quarter in eight years, according to Asia Nikkei.

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.