closed down

Retail Asia01/03/2019

L Brands, the parent of Victoria’s Secret, saw its share price fall 8 per cent after releasing disappointing results and halving its dividend payout. The US-headquartered company is struggling to arrest declining revenue in its flagship lingerie network, where same-store sales fell 8 per cent in January, contributing to a 1 per cent drop in […]

Retail Asia17/01/2019

Courts Asia is to close one of its Indonesian megastores. “The group decided to close the Courts Bumi Serpong Damai (BSD) City Megastore in Tangerang as it is historically not profitable and the group does not want to incur the high rental costs over the remaining lease term,” the retailer said in a statement. Courts […]

Retail Asia07/01/2019

Crabtree & Evelyn Singapore is in the process of closing all of its 12 stores on the island and will move exclusively online. The closures follow the placing of the Canadian business into bankruptcy protection last month, resulting in the closure of its 19 stores there as it liquidates its stock. Crabtree & Evelyn was […]

Retail Asia06/01/2017

American retail giant Macy’s Inc. has announced the closure of 68 stores as part of a plan to streamline its store portfolio and increase cost efficiency. The measures, which have already seen three stores close and will see a further 63 closed by early spring in the US, will save the struggling retailer approximately $550 […]

Retail Asia13/12/2016

Singapore-headquartered footwear brand Charles & Keith says it will close all its Japanese locations. According to a report published by Fashion Network, Charles & Keith Japan has already closed 13 stores in Tokyo, Osaka, Nagoya, and Hakata, with the flagship in Harajuku (pictured) scheduled to close on December 31. The company reportedly wants to focus […]

Retail Asia09/12/2016

Following other international fashion labels, Ralph Lauren Hong Kong has closed its flagship store. Four years ago, its then CEO Ralph Lauren said the company was transforming its presence in China, “a region we believe will become an important driver of growth for us over the long term”. He was announcing plans to open 60 […]

Tag: closed down

Victoria’s Secret parent to close stores as sales stagnate

Courts Indonesia to close its store soon

Crabtree & Evelyn Singapore closes all stores

Macy’s looks to downsize with 68 store closures

Charles & Keith Japan stores close

Ralph Lauren Hong Kong closes flagship