Stores
Hong Kong jeweller Tse Sui Luen's profit tumbles 265.6% in FY2020
Hong Kong jeweller Tse Sui Luen's profit tumbles 265.6% in FY2020
Its turnover likewise crashed 28.3% YoY over the same period to $2.91b.
Weekly News Wrap: China's e-commerce giants bag $137b in 618 event; Japanese retail stocks surge
And Singapore’s stores are bearish about their business post-pandemic.
Consumer confidence crucial to China's economic recovery
Households suffered a large income shock in Q1.
South Korea's major retailers' profits projected to halve in Q2: poll
Korea’s No. 2 Shinsegae's profits expected to contract by 89%.
The Shoppes at Marina Bay Sands to progressively reopen
It will initially be open only to members of Marina Bay Sands’ loyalty programme.
Weekly News Wrap: Virus fears drag China's retail sales; Indians still focused on essentials post-lockdown
And luxury foods in Japan take hit as restaurants struggle.
Malaysia's retail sales down 32.4% in April
Recreational goods and household equipment saw weaker revenues.
Chow Tai Fook's profits down 36.6% to $374.29m
A surge in gold price and weaker Hong Kong sales dragged down revenues.
Mall vacancy in Philippines to rise 12% in 2020
More than 80% still favour in-store shopping.
Singapore's retail sales plunged 40.5% in April
Rising online usage is not expected to counter the decline in other clusters in the next few months.
Parkson Retail Asia queried over ‘unusual' trading activity
The company said it does not know any explanation behind the trading.
Hong Kong retail sales down 36.1% in April
The plunge was led by sales of jewellery, watches and clocks, and valuable gifts.
Macau's retail sales down 45.1% in Q1
Majority of merchants expect sales volumes to do worse in Q2.
Singapore forms office to push digital adoption for small merchants
It plans to encourage hawkers to adopt SGQR payments in June.
Central Retail buys 49% stake in FamilyMart Thailand from Japanese JV
CRC's subsidiary SFM Holding continues to control the 50.65% stake.
JD.com opens two 7FRESH supermarkets in Sichuan
One of the stores span over 8,000 sqm.
Check out Singapore's top 10 retailers: study
Actuals movements amongst retailers showed mixed results.
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