Slider Archives - Inside Retail Asia

Singapore malls waive rents as shutdown commences

Singapore mall operators are waiving rents for tenants as the city state enters a shutdown period to control the spread of the coronavirus.

British beauty retailer Space NK closes China stores after two years

British multi-brand beauty retailer Space NK has ended its physical presence in China, just two years after its debut there, closing all eight stores.

New World launches vending machines offering free face masks in Hong Kong

Thirty-five New World vending machines have opened across Hong Kong providing masks to low-income families during the coronavirus crisis.

Clarks to permanently shut stores as it weighs survival options

Footwear retailer Clarks has elected to leave some of its UK stores closed permanently once the current government lockdown on businesses in response to the coronavirus pandemic is lifted.

Consumers swamp Luckin Coffee app in wake of controversy

Disgraced Chinese coffee giant Luckin has apologised to customers and promised business as usual following a widely publicised admission that the firm had fabricated sales figures.

Alibaba promises ‘spring thunder’ to support SMEs during the coronavirus crisis

Alibaba group chairman and CEO Daniel Zhang has launched the “2020 Spring Thunder Initiative” to help small and medium businesses ride out the coronavirus pandemic.

Retail real estate investors in Hong Kong demand massive discounts

Retail real estate investors in Hong Kong are seeking discounts ranging from 30 to 50 per cent compared to previous peak prices, according to data from real-estate company Savills.

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.

Changi Airport to consolidate terminal operations from May 1, fast-track T2 rebuild

Singapore’s Changi Airport will close its Terminal 2 from May onwards, consolidating its operations in response to a steep decline in passenger traffic caused by the coronavirus outbreak.

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.

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.