Coronavirus Archives - Inside Retail Asia
Some global retailers have begun reopening stores in Mainland China as the coronavirus crisis continues – but concerns remain over supply chain challenges.
A new report has shown demoralised Chinese consumers are not expecting the coronavirus crisis to end any time soon.
Hong Kong fashion group Bauhaus International says it will close up to 10 loss-making stores in Hong Kong.
Online and offline pharmaceutical and healthcare retailer and wholesaler China Jo-Jo Drugstores boosted revenue by 7.9 per cent in the December quarter
Puma’s worldwide sales surged 18.4 per cent last year, to €5.502 billion and its pre-tax profit rose 40 per cent to €262 million.
Apparel retailer Bossini has revealed a loss of HK$93.7 million during the six months to December – more than triple the $25.7 million loss of the same period a year earlier.
Malaysian retailers operating in tourist zones have seen sales plunge in the wake of the coronavirus outbreak.
Singapore food-delivery service Foodpanda has officially rolled-out its instant grocery delivery service, Pandamart, in Hong Kong after a trial commencing last November.
Fifty Hong Kong retailers with a combined 200 shops have declared a strike against 14 shopping centres in the territory, demanding rental cuts to weather the recession.
Alibaba’s B2C platform Tmall Global is offering support to its merchants during the coronavirus epidemic, including waiving services fees.
Furniture and housewares retail Pricerite has closed four stores and will cut staff and executive salaries as it rides out the combined impact of the protests and now the coronavirus on sales.
Retail sales in Vietnam’s commercial capital Ho Chi Minh City were estimated at US$4.8 billion last month, up by 11.2 per cent year on year.