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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 have been named in a global housewares awards sponsored and organised by the Inspired Home Show and the IHA.
Revenge spending has been credited with a significant upturn in sales of high-priced retail goods in South Korea, which has emerged from lockdown.
Japanese department store Takashimaya is to sell financial products and services in partnership with an online securities company, SBI Securities.
Japanese department-store chain Isetan will quit Thailand later this year after 28 years operating in Bangkok.
The Philippines’ largest retail landlord SM Supermalls says retailers’ sales have dropped both at home and in China due to the coronavirus crisis.
Singapore-headquartered department-store chain Robinsons has built a 120,000-strong loyalty programme database in just 18 months using an app-based solution.
Harvey Nichols in Hong Kong has unveiled a retail concept it believes will win favour from online shoppers and enhance the customer experience in store.
Two of the four T Galleria by DFS stores in Hong Kong have been closed indefinitely due to coronavirus concerns.
Thailand’s Central Group and Austrian property developer Signa have confirmed plans to acquire the luxury Swiss department-store chain Globus and eight associated property assets.
Hyundai Department Store says it will launch an electronic receipt issuance service with the aim of “zero” paper receipts within three years. Electronic receipts will be issued in the form of the automatic issuance of receipts through mobile applications instead of paper receipts when purchasing goods. Last year, about 160 million paper receipts were issued by Hyundai Department …
Chinese department store SKP-S has launched a futuristic ‘retail experience space’ in South Beijing this month featuring robotic sheep, martians and kinetic penguins.