Parkson Retail Asia Archives - Page 2 of 2 - Inside Retail Asia
Embattled department store operator Parkson is set to enter new categories – gourmet food, supermarkets, beauty and import new fast fashion brands.
Malaysian department store retailer Parkson Retail Asia is to launch a new fashion label LOL, in partnership with listed Super Apparel Supply.
Malaysia’s Parkson Holdings is to sell a 67.6 per cent stake in its Singapore-listed Parkson Retail Asia Ltd to its Hong Kong listed subsidiary Parkson Retail Group Ltd.
Parkson Retail Asia has reported increase sales and profit in the third quarter, largely due to pre-GST spending in Malaysia.
Parkson Retail Asia has reported a 24.6 per cent slump in net profit – largely attributed to new store establishment costs. The Singapore-based department store operator has reported a second quarter trading profit of S$10.23 million. The company’s biggest problem markets appear to be Malaysia and Vietnam where same store sales are showing negative growth. And in Vietnam the company accrued costs relating to the closure of a store in the capital city, Hanoi. Total sales revenue was fl…
Department store chain to open first Myanmar store this month.
Parkson to open stores in Myanmar through JV.
Parkson Retail Asia to buy stake in Sri Lankan fashion retailer Odel.
Parkson shows confidence in Indonesia with first department store to open next year.