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Tag: closing

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 Asia05/05/2020
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General

Muji Japan moves online as Covid-19 crisis closes stores

1min0
Muji Japan has launched an online store on Amazon, strengthening its e-commerce presence as the Covid-19 crisis closes stores. According to the Nikkei Asian Review, the new Muji Japan online store will feature 250 items, mostly beauty products, storage containers, and cooking utensils. It is the first time Japan’s Ryohin Keikaku has sold Muji products […]
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Retail Asia17/03/2020
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Electronics

Apple closing all stores worldwide outside China

2min0
Apple has closed all its stores outside of Greater China in response to the coronavirus outbreak. According to a company statement, all of Apple’s retail stores outside China will be closed until March 27 however, its online store and “Apple store” app remain open. Apple CEO Tim Cook said the company’s experiences while trading in […]
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Retail Asia04/03/2020
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Fashion

Bossini Taiwan stores will be closed before summmer

2min0
Hong Kong-headquartered apparel chain Bossini is to close down its Taiwan business, expecting to close all 51 stores by July 31. Chairman Bess Tsin said Bossini Taiwan will start discussions with landlords over terms for exiting leases early and all employees made redundant will be compensated as required by local laws. She expects the closure […]
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Retail Asia19/02/2020
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Living

Laura Ashley fighting to Survive

2min0
Struggling fashion & homewares chain Laura Ashley is seeking to borrow additional funding to stay afloat in the midst of a dispute with its lender. The firm’s Malaysian owner MUI Group is renegotiating its access to a £20 million (US$26 million) fund put up by Wells Fargo last October. As an asset-backed loan, the amount […]
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Retail Asia25/11/2019
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General

Miniso Hong Kong shutters retail stores

3min0
Miniso Hong Kong has shuttered all of its 50 stores since November 14 citing ongoing protest action – and reportedly won’t be paying staff for the week. A leaked internal memo was sent to staff advising them of a seven-day closure and giving them just one day’s notice. According to Apple Daily, the decision was […]
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Retail Asia17/09/2019
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Fashion

Zara in defense mode after IFC mall store closure

2min0
Fashion retailer Zara has reassured customers that its decision to close its IFC mall store in Hong Kong on Monday was not related to protests currently taking place in the city. The statement emerged after social media users in Mainland China speculated that the store closures were a show of support for the demonstrators and […]
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Retail Asia21/08/2019
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Real Estate

Parkson closes Puchong store after just 18 months

2min0
Malaysian department store operator Parkson has closed its store in Puchong just 18 months after it opened. The closure follows its exit from Suria KLCC in downtown Kuala Lumpur after 20 years. A Parkson spokesperson said the Puchong store had not met sales expectations. “The retail market is very dynamic. Store openings and closures are […]
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Retail Asia04/06/2019
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Fashion

Gucci store closed after staff Measles

2min0
Gucci’s Harbour City store has been closed for disinfecting after three staff members fell ill with measles within the last week. A Harbour City spokeswoman told that store staff advised mall management about the infections last evening and the Canton Road store was closed early.  Gucci’s office at Ocean Centre has also been closed. “We are […]
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Retail Asia05/11/2016
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Fashion

Marks & Spencer’s China stores risk closure

1min
Marks & Spencer is reportedly due to announce the closure of some of its Chinese shops when it releases its trading update next week. There is speculation that chief executive Steve Rowe will reveal his plans to help bring the department store chain back into business when the company’s half-year results are published. M&S currently […]
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Retail Asia25/06/2016
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E-TailingFashion

RIP Ensogo Asia shuts down sites

2min0
Ensogo Asia has closed down all of its online stores as the online retailer appears on the brink of collapse. Following the resignation of its co-founder Kris Marszalek, the Singapore-based tech company said it will cut its financial support to its sales and marketplace business units in Indonesia, Thailand, Hong Kong and the Philippines. “These […]
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Retail Asia18/02/2016
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Living

Rakuten Closes Marketplaces in South-East Asia

3min
Japanese e-commerce platform Rakuten has announced plans to close a number of global operations as part of a new strategic focus. As of March 2016, the company will shutter its marketplaces in Singapore, Malaysia and Indonesia. It is also looking to sell off its Thailand-based platform Tarad.com, which it acquired in 2010. The closures will […]
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Retail Asia01/12/2015
General

759 Store Hong Kong closes four shops

2min
Just three months ago Hong Kong supermarket retail concept 759 Stores was boasting a 48 per cent increase in sales and the opening of 57 new shops last financial year. This month the chain says it will close four Hong Kong stores citing the lacklustre retail climate in Hong Kong. The four stores are all […]
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