Parkson Retail Asia

Retail Asia24/12/2018

Malaysian apparel brand LOL has launched an innovation platform called Cozmic Lab. The concept is a collaboration between LOL and Brother, an international printing and imaging technology brand. “Moving beyond the ready-to-wear apparels, Cozmic Lab offers customers an exciting, cost-efficient and environmentally friendly avenue to co-create or customise their own apparel,” said Joey Chong Yan […]

Retail Asia06/11/2018

Struggling department store operator Parkson Retail Asia has hinted it may close further stores as it posted yet another loss. For the first quarter of the new trading year, the Singapore headquartered company lost S$11.1 million, a slight improvement on the $12.9 million of a year ago. Last full trading year, the company lost $40.1 […]

Retail Asia23/08/2016

Department store Parkson Retail Asia has managed a turnaround with profit before tax (PBT) of S$35 million (US$25.8 million) for the year ended June 30, compared to a pre-tax loss of $40.6 million the previous year. Profit was boosted by gain from a partial disposal of equity interest in Parkson Hanoi (PHCL) of $45.6 million. […]

Retail Asia20/05/2016

Despite contributions from new outlets, Parkson Retail Asia’s department stores have seen third-quarter group revenue fall by 15.6 per cent to S$98.4 million (US$71.5 million), with a 14.4 per cent drop to S$294.6 million for the nine months of its current financial year. The Parkson revenue decline reflects same-store revenues falling in Malaysia and Vietnam, plus […]

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 Asia16/11/2015

Malaysian department store retailer Parkson Retail Asia is to launch a new fashion brand LOL, in partnership with a newly established company Super Apparel Supply, jointly owned by Chong Yan Kit and Lim Kin Ann. Together the two companies will establish a chain of retail stores branded LOL and selling fashion apparel and accessories, with […]

Retail Asia20/07/2015

Malaysia’s Parkson Holdings is to sell a 67.6 per cent stake in its Singapore-listed Parkson Retail Asia Ltd to its Hong Kong listed subsidiary Parkson Retail Group Ltd. The rearrangement of its assets will net it US$167.2 million, according to the financial press. The purpose of the exercise is to consolidate the retail business of […]

Tag: Parkson Retail Asia

LOL launches digitally customisable fashion platform Cozmic Lab

Parkson Retail Asia continues drowning

From loss to profit for Parkson Retail Asia

Parkson revenue falls

Parkson expands into food to stem losses

Parkson to launch fashion brand LOL

Parkson HK to take over Singapore assets