Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Macau retail sector.

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Macau retail sales plunge 45 per cent in first quarter

Macau retail sales plunged 45.1 per cent in the first quarter of this year to around US$1.41 billion, according to the territory’s Statistics and Census Service.

Slimmed-down Le Saunda posts third consecutive loss as sales tumble

Hong Kong shoe retailer Le Saunda has reported yet another annual loss – of US$4.28 million – as a “super-cold winter” hit Hong Kong’s retail sector.

Esprit to close all of its Asian stores by June 30

Crippled apparel group Esprit is to close all its stores in Asia, except those in Mainland China, by the end of June.

Few consumers plan to shop as soon as coronavirus lockdowns end

Just one in five consumers is likely to head straight for the shops as soon as their respective coronavirus lockdowns end, according to data released by finance services firm Jefferies.

Ikea Macau opens – with a two-week wait to get inside

Ikea Macau opened its doors yesterday, the first of the Swedish furniture homeware retailer’s stores in Asia which does not feature the brand’s traditional one-way ‘winding path’ format.

Giordano sales drop 34.6 per cent in March quarter

Fashion group Giordano says its March quarter sales fell by 34.6 per cent as the outbreak of the coronavirus pandemic saw stores shuttered in key markets.

Luk Fook sales plunge 57 per cent as Covid-19 throttles tourism

Hong Kong-listed jeweller Luk Fook says its March-quarter same-store sales plunged 57 per cent as the Covid-19 outbreak saw the mainland border close and tourist numbers fall to almost zero.

Sa Sa International sales plunge as coronavirus bites

Fourth-quarter sales of beauty-products retailer Sa Sa International plummeted 62 per cent in Hong Kong and Macau as the coronavirus pandemic brought to a halt inbound tourism from Mainland China.

H&M’s sales recovery derailed by coronavirus

A recovery in fast-fashion retailer H&M’s sales and profit has been muted by the impact of the coronavirus pandemic on stores across Asia.

Tse Sui Luen set for hefty loss as protests, pandemic impact sales

Jeweller Tse Sui Luen is projecting a loss of US$10.3 million for the year to March – a stark reversal from last year’s net profit of $6.96 million.

Bonjour trims range, relocates stores as losses mount

Hong Kong cosmetics retailer Bonjour Holdings has delisted slow-moving products and trimmed its store network as it grapples with falling sales and mounting losses.

Anta Sports sets sales and profit records

“From a long-term perspective, the Covid-19 outbreak will not last for an indefinite period of time and consumers’ needs for health and fitness products will definitely be heightened, which will contribute to the group’s swift recovery after the crisis.”