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Tag: department store

Retail Asia02/03/2021
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General

Japan’s J.Front starting with fashion subscription service

2min0
Japanese department-store operator J.Front is to introduce a fashion subscription rental service. According to Nikkei Asia, J.Font’s new service will offer a monthly rental option with fee starting from US$103, featuring high-end women’s apparel from local and international brands. The subscription service is expected to attract 30,000 customers and generate more than US$56 million within […]
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Retail Asia15/01/2021
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General

Thai department stores must revise business models to stay relevant

7min0
While department stores have been a familiar destination for Thai people for many decades, CBRE, an international property consultant, is witnessing a decline in popularity and stunted growth, particularly in 2020 when Covid-19 adversely impacted the sector. CBRE believes that to adapt to e-commerce disruption and the changing consumer behaviour, department stores in 2021 (and […]
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Retail Asia23/11/2020
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General

Korean department stores are being converted into culture spaces

2min0
South Korean department stores are on track to transform their outlets from simple shopping centres into culture spaces. The primary factor behind the department stores’ increasing efforts to install cultural spaces is the sluggish performance of their offline stores amid the expansion of contactless consumption through online channels resulting from the spread of the Covid-19 […]
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Retail Asia03/06/2020
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Real Estate

Japanese department-store sales continue to drop

1min0
Japanese department store sales plunged 60 percent last month as the Covid-19 crisis saw retailers close or operate under reduced hours across the country. Sales in the Matsuzakaya and Daimaru department stores were down 73.2 percent year on year, although that was an improvement on the 79.1-per-cent decline a month earlier. Rival operator Takashimaya says […]
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Retail Asia30/04/2020
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Real Estate

Lotte forecasts to double e-commerce sales by 2023

1min0
South Korean retail conglomerate Lotte is expanding its e-commerce offering with one-hour delivery grocery services, as part of a plan to double online sales by 2023. The rush grocery delivery service is paired with upgrades to the firm’s product recommendations system in a move to attract higher volumes of online purchases in a market increasingly […]
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Retail Asia29/04/2020
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Real Estate

Mitsukoshi eyes first quarterly loss in eight years

2min0
Japanese department-store chain Isetan Mitsukoshi is likely to report its first loss over a single financial quarter in eight years, according to Asia Nikkei. Losses of ¥5–10 billion (US$46.6–93.2 million) are expected to reflect the impact of the coronavirus pandemic that has seen most Japanese consumers remaining at home during mall operating hours. The loss […]
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Retail Asia21/02/2019
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Fashion

Metro Department Store is opening at Ayala Malls Feliz

2min0
The 53rd Metro Department Store has opened its doors at the Ayala Malls Feliz in Pasig City. Covering a floor area of 21,200sqm, the store includes a 6600sqm supermarket. “Customers can look forward to an enjoyable and convenient shopping experience as we consistently strive to deliver world-class customer service as well as a wide assortment […]
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Retail Asia25/01/2019
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General

Lotte to pursue reforms and investment in 2019

3min0
Lotte Group Chairman Shin Dong-bin told affiliate CEOs that he wants reform and aggressive investment in 2019 during a biannual meeting on Wednesday. Shin missed the last meeting in July as he was serving time in prison for bribery related to former President Park Geun-hye. The first meeting of the year typically deals with each […]
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Retail Asia25/01/2019
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General

Supermarket, apparel sales not looking good in Japan

1min0
Japanese supermarket sales edged down 0.2 per cent in a third consecutive year of declines, according to figures released by an industrial body this week showing last year’s financial performance. The data for last year shows sluggish consumption regardless of the country’s current period of economic growth. Observers have attributed the slump to a low […]
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Retail Asia22/01/2019
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General

Sears saved by chairman’s last minute $5.2 billion bid

3min0
Bankrupt US retailer Sears has been saved from liquidation following a successful, last-minute US$5.2 billion bid by chairman Eddie Lampert, subject to court approval. The acquisition includes substantially all of the company’s assets as an on-going concern and preserves the positions of 45,000 employees. “We are pleased to have reached a deal that would provide a […]
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Retail Asia16/01/2019
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General

7-Eleven parent sales surges: Report

1min0
Japanese retail giant Seven & I has reported a 15.8 per cent increase in net sales for the nine months to November. Profit rose by a less impressive 2.9 per cent. The 7-Eleven parent said its overseas convenience store business achieved an impressive 15.7 per cent increase in operating profit year on year. At home, […]
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Retail Asia16/01/2019
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E-Tailing

Sunshine department store Penang goes online via Shopee

1min0
Penang department store Sunshine has launched on online shopping platform Shopee with expectations of doubling its income. According to Sunshine’s CEO Cynthia Hwang, the move to list initially 1500 products, as well as the brand’s in-house fashion label Iloveasap, on the platform would target 16 million users throughout the country while leveraging Shopee’s free shipping […]
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Retail Asia04/01/2019
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General

E-Land’s owners step down from management

3min0
Owner family members of fashion conglomerate E-Land Group stepped down from management on Thursday, handing over the helm to younger executives internally promoted to leadership roles. The move comes in an effort to rejuvenate its governance structure to strengthen the role of the board of directors of each affiliate and enhance their autonomy when it […]
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Retail Asia21/12/2018
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Food

Hyundai Department Store offers higher price rice

3min0
Hyundai Department Store is hoping to cash in on Korea’s growing preference for premium rice with Hyundai Rice House, its new chain rice stores. Hyundai Rice House, which opened inside four existing Hyundai Department Stores on Wednesday, offers around 20 different types of high-quality rice unfamiliar to the average rice eater, such as Youngho Jinmi […]
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Retail Asia27/11/2018
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Fashion

Takashimaya opens in Bangkok megamall

3min0
Japanese department store operator Takashimaya has opened inside a brand new shopping mall in Thailand, opting for the capital city of Bangkok to bring the Japanese way of luxury retailing to the nation. Scaling seven floors, the newly named and opened Siam Takashimaya will form just a small part of the $1.7 billion megamall, which also houses the […]
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Retail Asia07/11/2018
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General

V-Mart India appoints new Independent Director

3min0
V-Mart, the world’s best performing department store chain, has announced the appointment of Govind Shrikhande as an Independent Director of the company, effective Nov 2, 2018. Shrikhande possesses rich cross-functional experience in the textiles, apparel and retail industry. In his last professional role, he was the Managing Director of Shoppers Stop, where he started his stint in […]
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