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Coronavirus

Coronavirus Archives

Descente forced to shutter stores in South Korea as anti-Japan bias continues

Japanese sportswear label Descente is shuttering 47 kidswear stores in South Korea in the wake of anti-Japanese sentimen...

Hong Kong retail at ‘life-or-death’ moment says HKRMA

Hong Kong’s retail industry is facing “a crucial, life-and-death moment of survival” according to the city’s main retail...

Franchise business-matching events set to resume after Covid-19

VF Franchise Consulting is resuming its international franchise business-matching events in Asia next month.

Covid-19 will speed up the reshaping of global retail trends, says KPMG

Covid-19 has accelerated key underlying global retail trends that were already reshaping the industry according to a new...

Slimmed-down Le Saunda posts third consecutive loss as sales tumble

Hong Kong shoe retailer Le Saunda has reported yet another annual loss - of US$4.28 million - as a “super-cold winter” h...

Lotte Shopping speeds up store-exit plan

South Korean retail group Lotte Shopping will sell off 121 stores this year in an attempt to recover from the impact of ...

Jollibee Foods vows to make the most of Covid-19 opportunities globally

Filipino restaurant operator Jollibee Foods is set to open 171 stores globally and renovate 96 more this year, seeing an...

Alibaba GMV surpasses US$1 trillion

Chinese retail behemoth Alibaba Group shrugged off the impact of the Covid-19 crisis to report a 35-per-cent increase in...

VF Foundation supports families affected by factory shutdowns

US apparel company VF Foundation has supported garment workers affected by factory shutdowns in the wake of the Covid-19...

CapitaLand launches new e-commerce platforms in Singapore

CapitaLand has launched new e-commerce and food ordering platforms in Singapore, dubbed eCapitaMall and Capita3Eats.