Slider Archives - Inside Retail Asia
Singapore mall operators are waiving rents for tenants as the city state enters a shutdown period to control the spread of the coronavirus.
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.
Thirty-five New World vending machines have opened across Hong Kong providing masks to low-income families during the coronavirus crisis.
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.
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 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 are seeking discounts ranging from 30 to 50 per cent compared to previous peak prices, according to data from real-estate company Savills.
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.
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.
Mainland Chinese retailers are discovering that a return to normal business after the coronavirus will take longer than expected.
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.
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.