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Tag: Stores

Retail Asia23/03/2020
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Electronics

Xiaomi reopens its 1,800 stores across China

1min1
As Mainland China registered no new cases of coronavirus for the first day since the disease emerged late last year, Chinese tech retailer Xiaomi says it has reopened more than 1800 retail stores across the mainland. The company also says the majority of its component suppliers – about 80 percent – had resumed operations. In […]
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Retail Asia19/03/2020
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Fashion

Esprit warns of big loss as Europe shuts down

3min0
Fast-fashion retailer Esprit says foot traffic into its stores worldwide have evaporated in the wake of the coronavirus pandemic and warned shareholders to expect a “considerable loss”. Public health initiatives enacted in many countries across the world aimed at slowing the spread of the pandemic have resulted in the closure of “a significant number of […]
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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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General

Lotte Shopping closing 200 stores as losses mount

4min0
Lotte Shopping plans to shut down as many as 200 department stores and large-format supermarkets in South Korea, marking one of the biggest retail network culls in the nation’s history. Lotte Group operates more than 700 stores under its Lotte Mart, Lotte Department Store, Lotte Super and drug-store chain LOHB banners, which means its closure […]
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Retail Asia04/02/2020
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Electronics

Apple and Levi’s closing China store

5min0
Apple and Levi’s joined the growing list of international retailers shuttering stores in Mainland China as the infection rate and death toll from the coronavirus continued to grow over the weekend. Elsewhere, in South Korea, duty-free stores have closed and throughout Asia retailers have introduced policies for dealing with the virus aimed at protecting staff […]
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Retail Asia03/02/2020
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Living

Ikea China shuting most stores in wake of coronavirus

4min0
Swedish furniture and homewares chain Ikea has closed all of its mainland Chinese stores in the wake of the coronavirus outbreak. The decision, announced Thursday, came just hours after the company said it would shutter half its 30-strong network in the country. Ikea China is the latest in a long line of international retail groups […]
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Retail Asia21/01/2020
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General

Iconic US stationer to close all its stores

1min0
US stationery retailer Papyrus is preparing to close all of its more than 260 physical stores throughout the country. Brand owner Schurman Retail Group’s COO Dominique Schurman broke the news in a letter to all staff, citing “current challenges of the retail industry”, explaining that the firm had been “diligently working to revitalize our business” […]
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Retail Asia02/12/2019
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General

Walmart China opening 500 more stores

1min0
US retailer Walmart is planning to launch 500 new outlets in China within five to seven years. The expansion will more than double the firm’s presence in the territory in time for China to emerge as the world’s biggest grocery market come 2023. The move comes in the face of an economic slowdown as China […]
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Retail Asia28/10/2019
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E-Tailing

E-Mart plans to sell several stores

1min0
South Korean big-box retailer E-mart will sell 13 store buildings and land to improve its financial situation. The firm will sell the properties to Mastern Investment Management for KRW952.48 billion (US$802.65 million) in the face of plummeting sales and intensifying competition from e-commerce. It will continue to operate its businesses on the properties under a […]
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Retail Asia12/09/2019
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Fashion

Crabtree & Evelyn stores closed and brand moves to E-commerce

4min0
Beauty-products brand Crabtree & Evelyn halved its losses in the first half of the year as parent, Hong Kong-listed Nan Hai Corporation continued its transformation from offline to online. Since January, Crabtree & Evelyn has closed all of its 150 traditional retail stores across eight countries, shifted its manufacturing and distribution to third-party providers and […]
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Retail Asia08/08/2019
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General

Alceon rolling out Lego stores across Australia

3min0
Alceon Group on Wednesday revealed plans to significantly expand the footprint of Lego stores in Australia. New stores are set to open in New South Wales, Victoria and Queensland over the coming months, with South Australia and Western Australia to follow in 2020. A store is also set to open in Westfield Newmarket in New […]
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Retail Asia02/08/2019
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Fashion

Uniqlo India set to open first three stores

2min0
Uniqlo India is counting down to the launch of its first three stores in India. The Japanese fast-fashion retailer first announced plans to open in India in late 2017 and it has taken more than 18 months to secure necessary approvals, locations and prepare operations. The stores will open in Delhi-NCR, with the first 35,000sqft […]
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Retail Asia31/07/2019
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Electronics

Nexstgo to open 50 stores in India

1min0
Hong Kong electronics producer Nexstgo is launching 50 stores in India. The brand entered the market last year selling Avita and Nexstgo-branded computers online and through retail stores in Delhi, Ambala, Chennai and Jaipur. It is currently targeting laptop sales at one lakh (US$1450) this year. “We have seen a tremendous response so far and […]
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Retail Asia12/07/2019
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Living

Tesco Thailand Planning to Open 750 new Stores

2min0
Tesco Thailand is evaluating opening as many as 750 more convenience stores, which would expand its overall network by about 50 per cent. No timeline was revealed for the move, which is one of several strategic growth options being considered by the British-headquartered grocery retailer. Another is the development of a premium supermarket offer in […]
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Retail Asia21/06/2019
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General

Lulu Group’s Tablez plans 150 More Stores

2min0
Abu Dhabi-headquartered Lulu Group’s retail arm Tablez is moving to invest US$75 million into the Indian market with the aim of opening more than 150 stores in the territory by the end of next year. The move, if successful, is expected by management to nearly quadruple its market share in India. “We plan to exit […]
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Retail Asia14/06/2019
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General

China is experiencing a convenience-store Expansion

2min0
China is experiencing a convenience-store boom. Nearly 12,000 new convenience stores were opened on the mainland last year, according to the China Urban Convenience Store Index, an increase of 18 percent. The index, released by the China Chain Store and Franchise Association, showed that new convenience stores took up 62 percent of all new openings […]
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