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#covid 19

Every story tagged #covid 19 on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

14 stories in this topic

airasia bigcoin
General
3 min read

AirAsia readies for Sandbox opening

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…

hong kong 6
General
2 min read

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

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…

Vietnam Motorbike Registration
General
1 min read

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

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…

kane fashion show
Fashion
1 min read

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

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…

meet the chinese luxury shoppers who are taking over the world
General
1 min read

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

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…

retail asia
General
2 min read

Covid-19 drives broad shift in shopping behaviour

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…

Mujosh opening Takashimaya Vietnam
General
1 min read

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

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…

Kuala Lumpur malaysia retail
General
1 min read

Covid-19 is accelerating the use of automation

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…

Airasia plane
General
1 min read

AirAsia Indonesia suspends all flights starting April 1

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…

bb
Fashion
1 min read

Burberry trench-coat factory to make coronavirus protection gear

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…

uob katong wealthbanking 2 highres
Finance
1 min read

Covid-19 Hits UOB

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…