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Covid-19

Covid-19 Archives

Malaysian Starbucks operator posts loss due to Covid crisis

Malaysian Starbucks operator Berjaya Food Berhad has filed a loss of US$1.82 million for the last financial year, citing...

Korean restaurant chains cry foul over Covid-19 rules

South Korean restaurant chains are accusing the government of using “discriminatory countermeasures” in the fight agains...

Alibaba thrives after emerging from Covid-19 challenges

Chinese e-commerce giant Alibaba Group’s revenue soared 34 per cent to US$21.762 billion in the June quarter as the comp...

Pandemic culls Asics revenue

Japanese sportswear retailer Asics has posted a steep drop in revenues as a consequence of the coronavirus pandemic.

Starbucks in South Korea cuts seating after Covid-19 cluster link

Starbucks in South Korea is scrambling to curb the spread of coronavirus, cutting seating capacity in its cafes and dela...

Thai, Vietnam retail back at pre-Covid-19 levels says Central Retail CEO

Thailand’s Central Retail Corporation says sales in its home and offshore markets have already bounced back to pre-Covid...

Convenience Retail Asia holds bottom line despite pandemic

Listed Hong Kong multi-brand retailer Convenience Retail Asia says Covid-19 has impacted footfall and transactions acros...

SM takings tumble due to Covid-19 pandemic

Philippines investments firm SM has brought in the equivalent of US$142.6 million in revenues during the first six month...

Ralph Lauren revenue dives as pandemic erases demand

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-...

Covid-19 will strip US$95.4bn from Apac apparel market, says GlobalData

The coronavirus pandemic is likely to cost the apparel and footwear industries in the Apac region US$95.4 billion short ...