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Samsung beats first-quarter estimates, despite virus-driven retail slump

Samsung Electronics has delivered strong first-quarter earnings as robust demand for chips offset a slump in smartphone and home appliance sales.

How Chinese jeweller Ideal transformed staff into live-streaming KOLs

Shenzhen’s multi-brand jeweller Ideal has transformed its 18-year-old traditional business model to a New Retail business virtually overnight in light of the coronavirus crisis.

Demand overwhelms grocery-delivery services in Malaysia, Singapore

Online grocery-delivery services in Malaysia are facing overwhelming demand, with some firms forced to suspend or limit delivery operations.

FamilyMart Taiwan plans 200 new stores

Familymart Taiwan is aiming to open 220–230 new stores in the territory this year, as the Japanese convenience-store chain franchise emerges unaffected by the coronavirus turmoil.

Nervous Mainland Chinese consumers slow to return to stores

Mainland Chinese retailers are discovering that a return to normal business after the coronavirus will take longer than expected.

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.

Sustainability concerns on hold as coronavirus wreaks havoc

The coronavirus pandemic has slowed progress on sustainability issues in the retail industry, says GlobalData analyst Emily Salter.

Pomelo Cares programme launched to aid coronavirus fight

Asian omnichannel fashion brand Pomelo has launched Pomelo Cares, an initiative to support the community and frontline medical sector during the coronavirus pandemic.

Ikea buys AI innovator Geomagical Labs

International furniture and homewares retailer Ikea’s investment arm Ingka has bought US-based AI innovator Geomagical Labs, known for its hi-tech solutions that inspire consumers shopping for furnishings.

Singapore retail sales in February down 10 per cent

Singapore retail sales in February fell by 10.2 per cent, excluding motor vehicles.

Harvey Norman executives take pay cut as crisis worsens

Harvey Norman has told shareholders the business will not pay an interim dividend and that its executive team and non-directors will forgo 20 per cent of their salaries and director’s fees for three months.

Aeon to open mall in Myanmar by 2023

Japan’s largest retailer Aeon is to open a shopping mall in Yangon, Myanmar’s largest city, in 2023.