Wednesday, November 25, 2020
By: Rappler While retail giants in the United States see surging sales, brick-and-mortar retailers that anchor shopping malls face declines Walmart earnings are surging, Amazon is expanding into pharmacies, and Wall Street indices are hitting record highs, but data released on...
By: ABS-CBN News The Department of Trade and Industry (DTI) said Monday Philippine industries can take advantage of improved and broadened market access from the recently-signed Regional Comprehensive Economic Partnership (RCEP), which has been dubbed as the biggest free trade...
by: Inside Retail Asia The Covid-19 pandemic has transformed Asia’s beauty market, with e-commerce now a key factor for brands to rebound, according to consultancy Kantar. Before Covid-19 hit, the beauty market was forecast to grow in some Asian countries, including...
By: Inside Retail Asia German fashion house Hugo Boss said it was focused on driving a recovery of its business online and in China amid continuing uncertainty about the coronavirus pandemic as it reported a return to profitability in the...
By: Inside Retail Asia Japanese department-store chain Tokyu is to exit Thailand, the third Japanese retailer to withdraw from the country this year. Tokyu aims to close its last store at Bangkok’s MBK shopping centre next January, ending 35 years of...
By: Inside Retail Asia South Korean retail sales rose by 8.5 per cent year on year in September as online stores enjoyed brisk sales amid the new coronavirus pandemic, government data shows. The combined sales of 26 major offline and online...
By: Philstar Vietnamese are poised to become richer than Filipinos starting this year, in another direct consequence of the pandemic and how the two governments have addressed the health crisis differently. Backed by sustained economic growth, Vietnam’s per capita gross domestic...
By: Manila Bulletin IKEA, the Swedish-owned home furnishing retailer, will open first its online store in the Philippines months before the physical store in the Mall of Asia complex in Pasay City opens next year. The Manila Ikea, the world’s largest...
By: Inquirer.net Former manager Lau Disan was doing well before the pandemic hit, but she has had to take a 50 percent pay cut after switching from the ravaged retail industry to early childhood education. Her experience is far from rare:...
By: Inquirer.net Nike shares rocketed higher recently after the company reported blowout quarterly earnings on strong digital sales and its CEO cheered the return of pro sports. The sports giant, which suffered bruising losses in the prior quarter due to the...
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