Coronavirus Archives - Inside Retail Asia
February saw a catastrophic collapse in Hong Kong retail sales, which slumped a massive 44 per cent year on year, the greatest fall in the city’s history.
More and more major international retailers are lining up to join the fight against the Covid-19 coronavirus outbreak.
Health-and-beauty retailer AS Watson recorded 7 per cent growth last year despite the political unrest in its key Hong Kong market.
South Korean retail sales surged 9.1 per cent in February, despite the advent of the coronavirus pandemic.
Thai retail property developer Central Pattana is to waive rent for tenants affected by the government’s shutdown order.
Retail Association of India CEO Kumar Rajagopalan has said that if the country’s retail lockdown continues through to June, 30 per cent of retailers will collapse and 1.8 million jobs will be lost.
The Singapore government is instructing local consumers to defer non-essential visits to malls as part of an effort to encourage social distancing in the midst of the coronavirus crisis.
Hong Kong-listed apparel retailer Esprit has placed six German subsidiary companies in administration to give them protection during the coronavirus crisis which has decimated sales.
Luxury fashion label Burberry is retooling its Yorkshire trench-coat factory to produce non-surgical gowns and masks in response to the coronavirus outbreak.
Savills China Retail predicts a full recovery of the country’s retail sector post coronavirus will probably happen in the second half of the year.
Many South Koreans are becoming depressed as they suffer from the ‘corona blues,’ a phenomenon caused by a lack of outdoor activities due to the coronavirus.
International fast food chain McDonald’s logo has been altered in some global markets to emphasise the importance of social distancing during the coronavirus crisis.