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Department Stores

Department Stores Archives

Isetan marks the end of an era in Bangkok

Japanese department store Isetan has closed its Bangkok outlet after 28 years of operation in Thailand.

Aeon Malaysia reports second-quarter loss due to Covid-19

Japanese mall brand Aeon’s operations in Malaysia have reported a net loss of US$2.3 million for its second financial qu...

Hanwha Galleria d-store reports growth despite shadow of Covid-19

South Korean Galleria Department Store franchise under Hanwha Galleria has enjoyed a 4 per cent growth in sales for the ...
Vietnam

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 Fu...

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 ra...

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, ...

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 com...
Openings & closings

Amazon could buy JC Penney and change retailing forever

Amazon has been tipped to take over collapsed US department-store giant JC Penney in a move which - should it proceed - ...

JC Penney collapses into Chapter 11

US department-store giant JC Penney has filed for Chapter 11 bankruptcy protection. But while the company blames the Cov...