covid 19

Retail Asia24/06/2021

As the Thai government confirms the country will embark on a reopening phase beginning with a pilot “Sandbox project” in Phuket 1 July, airlines are planning to increase domestic flights. In a press statement released Tuesday, AirAsia says it is “set to paint the skies red again in support of the Phuket Tourism Sandbox programme that is […]

Retail Asia11/03/2021

Italian luxury goods group Salvatore Ferragamo said on Tuesday that China and e-commerce had boosted sales in the year so far after the COVID-19 pandemic pushed the firm to its first full-year operating loss since it listed in Milan 10 years ago. Deputy Executive Chairman Michele Norsa, a long-time executive brought back by the Ferragamo […]

Retail Asia04/02/2021

Hong Kong’s retail environment showed further signs of improvement in November, although the recovery may have been short-lived as the city was hit with a fresh wave of virus infections and imposed new restrictions late in the month. The provisional value of total retail sales in November 2020 was HK$28.7 billion ($3.7 billion), down by […]

Retail Asia27/01/2021

Singapore’s national carrier is hoping to become the world’s first airline to get all of its crew members vaccinated against COVID-19. Singapore Airlines confirmed to CNN Travel that all of their crew members — including pilots, gate agents, flight attendants and anyone whose job requires contact with the public – have been offered free coronavirus […]

Retail Asia19/01/2021

“The coordination on Covid-19 is horrific,” AirAsia Group Bhd founder and group chief executive officer Tan Sri Tony Fernandes laments and claims in a direct swipe at world governments’ on how the global pandemic has been managed and its impact on the travel and aviation industries. BBC has today quoted Fernandes as saying that in his history […]

Retail Asia29/12/2020

The Covid-19 pandemic’s severe impacts have seen as many as 101,700 businesses in Vietnam close up shop in 2020, up 13.9 percent year-on-year. Of these 46,600 have registered to temporarily suspend operations, while 37,700 are waiting to complete dissolution procedures, according to a new report by the General Statistics Office. The report also says that […]

Retail Asia29/10/2020

Multibrand Hong Kong fashion retailer I.T Limited has warned shareholders it will likely post a loss of at least US$38.7 million for the six months to August, such has been the impact of the Covid-19 on sales. Chairman Sham Kar Wai said in a letter to shareholders that the Covid-19 pandemic had led to a […]

Retail Asia05/08/2020

meet-the-chinese-luxury-shoppers-who-are-taking-over-the-world-1024x683.jpg

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 […]

Retail Asia28/07/2020

The coronavirus pandemic has had a lasting impact on the shopping behavior of global consumers, according to new research by Adobe. The figures show that despite the lifting of lockdown restrictions in many countries worldwide, customer shopping habits and brand interactions have not returned to pre-coronavirus norms. According to the survey, 67 percent of responding […]

Retail Asia09/07/2020

Takashimaya, the Japanese department store operator, has reported a loss of US$190 million in the May quarter as it faced extraordinary payments related to the Covid-19 pandemic and falling sales. The company was forced to effectively close 22 stores in Japan from April 8 after Prime Minister Shinzo Abe declared a state of emergency. Only […]

Retail Asia22/04/2020

Companies are rapidly turning to automation to keep business running during the coronavirus outbreak, according to new research by Bain & Company. The firm’s data shows that processes are being automated to manage payroll, diagnose customer experience issues while call centers are closed, and resolve IT service issues. It is based on survey responses from […]

Retail Asia01/04/2020

Amid the alarming spread of COVID-19 across the country, low-cost carrier AirAsia Indonesia announced on Saturday that it would suspend all its QZ flight code services starting April 1. The carrier’s domestic and international routes will be temporarily suspended until April 21 and May 17, respectively. “AirAsia Indonesia will continue to monitor the development of […]

Retail Asia31/03/2020

Luxury fashion label Burberry is retooling its Yorkshire trench-coat factory to produce non-surgical gowns and masks in response to the coronavirus outbreak. The supplies will be produced for patients and will be subject to approval from the Medicines and Healthcare Products Regulatory Agency (MHRA). Burberry is also working to leverage its existing supply chain to […]

Retail Asia31/03/2020

United Overseas Bank has confirmed a case of Covid-19 at Tower 2 of its UOB Plaza headquarters in Singapore. The employee who tested positive for the coronavirus works in a non-customer facing role and was last in the office on 16 March, the bank said in a statement on Thursday. He is currently under medical care, […]

Tag: covid 19

AirAsia readies for Sandbox opening

Ferragamo flags China-driven sales rise after massive loss last year

Covid-19 brings heavy drop in Hong Kong retail profits past December

Singapore Airlines hopes to be world’s first airline fully vaccinated against COVID-19

AirAsia founder Tony Fernandes claims governments ’ Covid-19 coordination ‘horrific’

Covid-19 troubles push over 100,000 businesses to suspend operations

I.T flags big loss as Covid-19 impacts shoppers’ enthusiasm

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

Covid-19 drives broad shift in shopping behaviour

Takashimaya plunges into the red as Covid-19 eats into sales

Covid-19 is accelerating the use of automation

AirAsia Indonesia suspends all flights starting April 1

Burberry trench-coat factory to make coronavirus protection gear

Covid-19 Hits UOB