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Panic buying underpins Japanese retail sales growth

Japanese retail sales have recorded a distinct uptick as consumers enter panic-buying mode in response to the coronavirus outbreak, according to Nikkei Asian Review.

Hong Kong retail sales plunge 44 per cent in February

February saw a catastrophic collapse in Hong Kong retail sales, which slumped a massive 44 per cent year on year, the greatest fall in the city’s history.

Esprit places its German subsidiaries into administration

Hong Kong-listed apparel retailer Esprit has placed six German subsidiary companies in administration to give them protection during the coronavirus crisis which has decimated sales.

How the coronavirus is impacting clothing supply chains

Clothing supply chains are “unravelling fast” as the coronavirus crisis impacts both retailers and manufacturers worldwide, according to GlobalData.

Aori Ramen chain collapses, hit by coronavirus, scandal

Japanese ramen chain Aori Ramen has declared bankruptcy after suffering from coronavirus and the boycott on Japanese goods in South Korea.

How South Korean companies are beating the ‘corona blues’

Many South Koreans are becoming depressed as they suffer from the ‘corona blues,’ a phenomenon caused by a lack of outdoor activities due to the coronavirus.

‘Tidal change’ ahead in Chinese consumer trends

Mintel says mass self-quarantine, caused by the coronavirus outbreak, will leave an indelible shift in how Chinese consumers behave going forward.

Cath Kidston seeks white knight buyer as strategic review ordered

Cath Kidston has hired external advisers to complete an urgent review of strategic options for the business as it makes a last-minute appeal for a white knight rescuer.

Digital payments in India rise as consumers stay home

Digital payments in India have risen by 10 per cent over the last month, despite a 30-per-cent decline in online travel spending.

Yum! Brands buys The Habit Burger Grill chain

Yum! Brands has bought California-based The Habit Burger Grill, adding its first fast-casual burger chain to its portfolio which already includes KFC, Pizza Hut and Taco Bell

Hong Kong government launches cash relief for retailers from Monday

The Hong Kong government will allocate US$271 million in aid for around 70,000 retailers affected by the coronavirus outbreak.

Esprit warns of big loss as Europe shuts down

Fast-fashion retailer Esprit says foot traffic into its stores worldwide have evaporated in the wake of the coronavirus pandemic and warns shareholders that will cause a “considerable loss”.