retail sales Archives - Inside Retail Asia
Indian retail sales plunged 67 per cent drop during the last two weeks of June compared to the same period last year, according to an RAI survey.
Retail sales in Indonesia have seen the sharpest drop in 12 years, according to a Reuters report based on information from the nation’s central bank.
May retail sales in Hong Kong plunged 32.8 per cent, as the impact of the closed border with the mainland due to Covid-19 continued to reduce shopper numbers.
Retail sales in Indonesia have fallen by 16.9 per cent during the month of April compared to last year’s figures, according to government data.
The decline in China retail sales sparked by the advent of Covid-19 slowed substantially in May as the country continued to reopen for business.
Singapore retail sales – excluding motor vehicles – plummeted 32.8 per cent in April as the Covid-19-related lockdown saw non-essential retailers closed.
Japanese department store sales plunged 60 per cent last month as the Covid-19 crisis saw retailers close or operate under reduced hours across the country. Sales in the Matsuzakaya and Daimaru department stores were down 73.2 per cent year on year, although that was an improvement on the 79.1-per-cent decline a month earlier. Rival operator Takashimaya says its sales were down…
South Korean retail sales rose by 3.9 per cent year on year during April as consumers returned to stores after strict social-distancing practises were eased.
Macau retail sales plunged 45.1 per cent in the first quarter of this year to around US$1.41 billion, according to the territory’s Statistics and Census Service.
Hong Kong restaurant sales plunged 31.2 per cent in the first quarter of this year – the largest decline on record – as consumers practised social distancing and the government restricted occupancy.
March Hong Kong retail sales slumped by 42 per cent year on year as the Covid-19 pandemic forced Mainland Chinese shoppers to stay on the other side of the border.
March retail sales in Singapore fell 9.7 per cent year on year in March 2019, as tourist numbers fell and locals spent less on discretionary items.