Department Stores

Retail Asia06/04/2016

TANGS has announce that Mr Kevin M. Dyson will be appointed Chief Executive Officer (CEO) with effect from 1 April 2016. He will also be appointed as a member of the Board of Directors of C.K. Tang Limited. According to a release from TANGS, effective 1 April 2016, Mr Foo Tiang Sooi will relinquish his […]

Retail Asia28/03/2016

Eyeing the growing tourist market, Japanese department store Takashimaya is going duty free with an airport-style store in Tokyo. Not only sales tax, but also alcohol and tobacco duties will be waived under the venture, in which the Takashimaya Tokyo store is partnering with ANA Holdings and South Korea’s Samsung Group. Takashimaya will contribute more […]

Retail Asia27/11/2015

Hit with a 15 per cent sales slump since the introduction of GST in Malaysia, embattled department store operator Parkson is set to enter new categories – gourmet food, supermarkets, beauty – and import new fast fashion brands. The company has invested RM100 million (US$22.8 million) into a rebranding and repositioning project. It will also […]

Retail Asia02/09/2015

Parkson Holdings Bhd’s share price contracted as much as 7.14% to its nine-and-half-year low in the morning trade, making it one of the top losers across the bourse, after the department store operator sank into losses in its latest quarterly results. At 2.41pm, Parkson rebounded a little from its intra-day low (RM1.04) to trade at […]

Retail Asia02/09/2015

Retail chain Pantaloons plans to invest Rs 125 crore this fiscal as it plans to add up to 35 stores across the country. In an investor update, Pantaloons Fashion & Retail’s parent company Aditya Birla Nuvo said: “Financial year 2015-16 capex guidance (for Pantaloons) stands at about Rs 125 crore mainly towards launch of new […]

Retail Asia21/08/2015

Japanese department store operator Isetan has reported mounting losses in Singapore as sales fall and rents rise. Group sales for the three months to June 30 were $71.467 million, a decrease of $10.819 million or 13.15 per cent over the same quarter a year ago. Isetan said the decrease was largely due to the closure […]

Retail Asia01/07/2015

Korean division retailer gross sales are on the rise. Figures launched by the Ministry of Commerce, Business and Power at this time (June 29) present a second consecutive month-to-month improve in Might, boosted by meals and attire. However the figures ought to be taken with warning: the impression of the MERS outbreak in Korea gained’t […]

Retail Asia29/06/2015

Wangfujing Division Retailer, Bailian Group and Li & Fung plan to launch a 300-strong chain of retail shops in China in a three-way three way partnership. The businesses say they plan to “rework China’s retail business” by way of enhancing provide chain effectivity. Li & Fung Buying and selling (China) Holdings, a wholly-owned subsidiary of […]

Retail Asia17/06/2015

A Singaporean funding firm has taken a strategic stake within the Malaysian licenceholder of Japanese division retailer model Sogo. Singapore-listed LTC Company, by way of a wholly-owned subsidiary, has taken a 50 per cent share of USP Fairness in equal partnership with USP Assets, which has acquired USP’s shareholding in SKLDS, which operates Sogo beneath […]

Retail Asia15/06/2015

Central Group, the Thai retail conglomerate, will purchase a majority stake in three German department shops – together with the nation’s largest, the historic KaDeWe in downtown Berlin. For a number of months, Central has been reporting it was in negotiations to buy a division retailer in Germany however didn’t reveal any additional particulars of […]

Tag: Department Stores

TANGS names Kevin Dyson as new CEO

Takashimaya Tokyo going duty free

Parkson expands into food to stem losses

Parkson’s shares hit 9 ½-year low after sinking into red

Pantaloons to invest Rs 125 cr this fiscal, add up to 35 stores

Bleak result for Isetan Singapore

Korean division retailer gross sales rise

Wangfujing, Bailian to launch 300 retailer China chain

Singaporeans spend money on Sogo Malaysia

Central Group reveals German deal