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Hong Kong retail sales drop 13.8% YoY in March
Hong Kong retail sales drop 13.8% YoY in March
Local epidemic situation dampened consumption confidence
South Korea’s Genesis BBQ opens six shops in US
The fried chicken chain now has 150 shops in 19 states in the country.
LinkieBuy to bring 100 Japanese merchants to Chinese market
The e-commerce service is eyeing offline, travel, duty-free, and other retailers.
South Korea’s convenience stores ramp up liquor store openings
CU’s liquor stores enjoy higher alcohol sales than its other stores.
Shein launches new purpose-driven collection
The “evoluSHEIN” line offers sustainable products supporting a women’s nonprofit.
JD Retail pledges support for merchants in shopping festival
The shopping festival will be held on 18 June.
Weekly News Wrap: Panic buying seen in Beijing stores; Billionaire takes on India’s retail giants with new e-commerce platform
And investigators raid Amazon, Flipkart’s top sellers for data, and documents.
APAC to drive over $60b global airport retail market: report
This will be driven by an increase in retail space, and rising passenger numbers amongst others.
Meeting halfway: Daraz juggles assortment and delivery speed
It won’t dive into quick commerce at the expense of its merchandise mix, says Daraz CEO.
Growing mobile usage in India to boost Tata Super App: report
The Tata Neu super app brings together all of its digital services in a single platform.
From the farm to your cart: This e-grocer delivers fresh produce
HappyFresh relies on its 6-year customer behaviour database in determining product offerings.
Weekly News Wrap: Alibaba, JD.com stock exodus intensifies; 7-Eleven operator picks ex-Uber executive
And Future Retail’s secured lenders reject $3.4b asset sale to Reliance.
South Korean retailers expectations high as restrictions ease
But there are concerns lifting of social distancing rules could hit large discount stores.
South Korea-based CU opens 200th outlet in Mongolia
The convenience store chain made forays in the market four years ago.
Central Retail’s e-grocery launches subscription services
The company offers free standard express deliveries at less than $3 a month.
UNIQLO opens door to London’s Regent Street
Fast Retailing noted this is its “most significant store” under the brand to date.
Malaysia-based Vertice disposes stake in Kumpulan Voir for $2.08m
Its fashion retailing business has recorded net losses since 2017.
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