Inside Retail Asia
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 has sold its wholly owned convenience-store chain Buzz Shop to Thai-Pore Enterprise.
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 has launched new food-ordering tools to assist small-to-medium businesses facing difficulties during the coronavirus pandemic.
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.
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.
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.
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.
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.
Swedish luxury-fashion house Acne Studios has opened a new store in Hangzhou following its Nanjing launch.
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.
Thai shopping centre operator Central Pattana is promoting new hygiene and preventive measures to reassure customers their centres are safe during the coronavirus pandemic.