Topic
400 stories in this topic
French division retailer chain Printemps, a magnet for overseas consumers looking for high-end items in Paris, will close some of its operations in France because it struggles to address the coronavirus pandemic, the CGT union stated. Retailers have been hit…
In 2018, Nielsen had reported that FMCG sales growth in Southeast Asian convenience stores reached 8.3% and Mintel published that sales through Chinese convenience stores hit US$19.78billion with a CAGR of 24% over the past 5 years. These gains made by such…
Besides delaying the release of the 5G Apple iPhone 12 family, COVID-19 has also interfered with Apple’s retail stores. Back in January, Apple started closing retail locations in China. By the following month, all 42 Apple Stores in the country were closed…
Japanese apparel firm World Co is shuttering 358 outlets nationwide by March next year. The move is in response to the impact of the Covid-19 outbreak and will involve jettisoning five clothing brands owned by the parents firm – including unprofitable brands…
As the number of coronavirus cases reported daily in several states starts to shoot back up, Apple is beginning to close more of its physical Apple Stores. Just a week ago, we told you that Apple was temporarily turning the lights off in 14 additional…
Some Apple Stores were looted last night as the U.S. suffered through another night of violent protests related to the death of George Floyd. Floyd was killed when a Minneapolis police officer put his knee into the man’s neck for nine minutes even though he…
Deirdre O’Brien, Apple’s Senior VP of Retail + People, published an open letter today on Apple’s website. In the letter, O’Brien notes that nearly 100 Apple Stores around the world have reopened. First, let’s have a little recap. The company was one of the…
Thailand’s government has imposed an overnight curfew effective tonight that will force the closure of tens of thousands of convenience stores and street vendors. The curfew will run from 10pm to 4am. During that time all Thais and visitors to the country…
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…
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…
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…
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…
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…
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…
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…
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…
