Luxury retailer Ralph Lauren saw online sales in Asia surge by 15 percent during the peak of Covid-19 lockdowns. But the company’s early decision to close stores around the world…
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with faltering sales, a representative for the…
Stuck in their homes, many US fans of Starbucks are apparently missing the experience of shopping or dining in a cafe – so they’re going online to pay huge premiums…
Chinese e-commerce giant JD has made a strategic investment in Gome Retail, buying US$100 million of convertible bonds. Gome Retail is one of China’s largest electronic retailers. The company is…
US apparel retailer Abercrombie & Fitch suffered a 51-per-cent fall in sales in Asia Pacific in its first quarter as Covid-19 forced store closures across the region. Worldwide, the company…
Food-delivery service Foodpanda in the Philippines has expanded into grocery deliveries. Partnering with major retailers such as 7-Eleven, the company said it has introduced a “Shops” function on the Foodpanda…
Starbucks is expanding Teavana in South Korea. According to the Korea Herald, The number of Starbucks’ premium Reserve-branded coffee houses serving Teavana drinks has expanded from 13 to 52. The…
A bit over a year ago, the U.S. Commerce Department placed Huawei on its Entity List preventing the company from accessing its U.S. supply chain. This prevents the manufacturer from…
Central Retail has taken full control of the FamilyMart Thailand business, a precursor to expanding the network in the country. Currently, FamilyMart has just 1000 convenience stores, largely centered in…
Macau retail sales plunged 45.1 percent in the first quarter of this year to around US$1.41 billion according to the territory’s Statistics and Census Service. The huge fall followed the…
Are you old enough to remember when Netflix’s business model revolved around subscribers receiving CDs by mail? The company’s hook was that it didn’t charge a late fee. And once…
Hong Kong-headquartered supply-chain solutions company Li & Fung formally delist this afternoon (May 27) ending a 28-year tenure as a public company. The family that founded the company 114 years…
Nissan Motor will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to…
Hong Kong’s Landmark mall has launched the city’s first luxury “e-chat shopping” service on its mobile app. The service is an enhancement of Landmark’s online shopping concierge that enables customers…
LVMH-owned watchmaker Hublot has opened its largest flagship store yet in Tokyo’s Ginza shopping district in Japan. Called “Hublot Tower”, the new flagship features a 56-meter-high artistic facade with glass…
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