Latest Department Stores News - Inside Retail Asia
Parkson likely to give up on full-scale stores in Vietnam
Malaysian department-store operator Parkson is to quit operating full-scale stores in Vietnam after years of losses.
Silver linings in Covid-19 crisis for China’s department stores
Chinese department stores long-term outlook remains positive despite being greatly impacted by Covid-19, according to Fung Business Intelligence.
Japanese department stores show early signs of recovery post Covid-19
Sales by Japanese department stores slumped by between 20 and 30 per cent year on year in June, but that was a lesser rate than in May.
Metro Holdings profit tumbles on store closure, Covid-19
Singapore department-store operator Metro Holdings has reported a drop in net profit of 82 per cent in the second half, citing Covid-19 and a store closure.
Guess Asia sales improve, but store closures loom
Guess Asia sales are recovering post Covid-19, but the company will be exiting some stores in the region when leases come up for renewal, as part of a worldwide network trim of 100 outlets.
Sale week boost for South Korean retailers – but for how long?
South Korean retailers experienced a burst in consumption during the so-called ‘golden holiday’ spanning six days from the end of April to early May.
Two Asian retailers named in global housewares awards
Two Asian retailers have been named in a global housewares awards sponsored and organised by the Inspired Home Show and the IHA.
‘Revenge spending’ fuels luxury goods rebound
Revenge spending has been credited with a significant upturn in sales of high-priced retail goods in South Korea, which has emerged from lockdown.
Takashimaya to offer financial services in Japan
Japanese department store Takashimaya is to sell financial products and services in partnership with an online securities company, SBI Securities.
Isetan to quit Thailand
Japanese department-store chain Isetan will quit Thailand later this year after 28 years operating in Bangkok.
Philippine retailers experiencing coronavirus-related sales slump
The Philippines’ largest retail landlord SM Supermalls says retailers’ sales have dropped both at home and in China due to the coronavirus crisis.
How Robinsons developed an app to boost loyalty and engagement
Singapore-headquartered department-store chain Robinsons has built a 120,000-strong loyalty programme database in just 18 months using an app-based solution.