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Category: General

Retail Asia12/08/2020
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General

Japan’s World Co closing 358 stores by March

1min0
Japanese apparel firm World Co is shuttering 358 outlets nationwide by March next year. The move is in response to the impact of the Covid-19 outbreak and will involve jettisoning five clothing brands owned by the parents firm – including unprofitable brands Aquagirl and Ozoc – and potentially more. The closure plan will involve implementing […]
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Retail Asia12/08/2020
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General

June Indonesian retail sales down again

1min0
June Indonesian retail sales fell 17.1 percent over the same month last year – but that decline was slower than during the previous month. According to data from the country’s central bank, retail sales fell by 20.6 percent in May, as the Covid-19 pandemic forced store closures and consumers stayed home. Sectors to show improvement […]
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Retail Asia11/08/2020
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General

Cebu Pacific sends 14 planes for storage

4min0
Budget carrier Cebu Pacific has now sent a total of 14 aircraft for storage at Alice Springs in Australia, with more possibly eyed as travel demand is not expected to return to its robust state anytime soon. On top of the 14 aircraft that have been sent so far, Cebu Pacific spokesperson Charo Logarta Lagamon […]
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Retail Asia11/08/2020
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General

Cebu Pacific to refund tickets of 1.5M passengers

2min0
Budget carrier Cebu Pacific will provide refunds to an estimated 1.5 million passengers as 50 percent of its fleet remains grounded due to the coronavirus pandemic. Charo Logarta Lagamon, corporate communications director for Cebu Pacific Air, assured that passengers who requested refunds since April or earlier will be refunded by August. “All of a sudden, […]
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Retail Asia10/08/2020
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General

FamilyMart set to test robotic c-store staff

5min0
FamilyMart will this month deploy a robot that vaguely resembles a kangaroo to stack sandwiches, drinks and ready meals on shelves at a Japanese convenience store. The robot’s maker, Telexistence, hopes the trial will help trigger a wave of retail automation. Following the trial, FamilyMart says it plans to use robot workers at 20 stores […]
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Retail Asia06/08/2020
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General

Cebu Pacific, PAL suspends domestic flights to and from Manila during MECQ

5min0
All Cebu Pacific and Cebgo DOMESTIC flights to/from Metro Manila are canceled from August 4  to 18, 2020, in line with the announcement of Modified Enhanced Community Quarantine (MECQ) over Metro Manila and adjacent provinces, and continued community quarantine over the rest of the country. CEB will continue to operate the following domestic flights: ·         Clark-Cebu-Clark, every Tuesday ·         […]
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Retail Asia06/08/2020
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General

New Institute to Lead Digital Finance Research in Singapore

3min0
Singapore will soon see the establishment of a research institute that will develop deep capabilities to support the needs of digital financial services in Asia. Expected to begin operations by the end of 2020, the Asian Institute of Digital Finance (AIDF) will provide thought leadership and strengthen synergies between education, research, and entrepreneurship in the thriving […]
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Retail Asia06/08/2020
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General

GS Retail recruits local residents to deliver products

2min0
South Korean convenience-store operator GS Retail plans to hire local residents with ample knowledge about their neighborhoods to speed delivery of products in areas where alleyways and addresses may prove confusing. GS Retail, which runs the convenience-store chain GS25, will begin testing its new ‘Neighborhood Delivery’ service, which is open to all applicants without limits […]
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Retail Asia05/08/2020
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General

Covid-19 will strip US$95.4bn from Apac apparel market

2min0
The coronavirus pandemic is likely to cost the apparel and footwear industries across the Asia-Pacific region US$95.4 billion in lost sales this year. The impact on the broader global industry will be a massive US$395.6 billion in lost sales, according to analytics firm GlobalData, which represents a 19.5-per-cent decline on last year’s figures. The sector […]
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Retail Asia05/08/2020
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General

Vietnam Airlines loss soars to $280 mln

2min0
Vietnam Airlines reported a loss of over VND4 trillion ($170 million) in the second quarter and cumulative first-half losses of over VND6.64 trillion ($286 million). In its consolidated financial statement for the second quarter of 2020, the carrier reported revenues of just VND6 trillion ($258.6 million), a 68 percent fall from the previous quarter. It […]
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