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China’s traditional retail industry is continuing to decline with demand likely to “remain muted” into next year, according to a new Fitch report. The credit rating agency’s report covers shops and and department stores. “Not only are shopping preferences…
Department store operator Parkson Retail Asia has posted a second quarter net profit of $2.9 million, down 71.6 per cent from the same period a year ago. Revenue in the three months to Dec 31 fell 12 per cent to $103.5 million, driven by a 7.3 per cent fall…
Here’s how bad it is in Southeast Asia’s retail industry for sellers. They are paying more to borrow money to keep their business going than consumers do to keep buying from them. Courts Asia Ltd., which offers shoppers zero percent long-term credit on…
Moody’s Investors Service has lowered the outlook for Parkson Retail Group Ltd’s Ba3 corporate family and senior unsecured debt ratings to negative from stable. In a statement issued on Wednesday, Moody’s has also affirmed Parkson’s Ba3 corporate family and…
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…
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