Friday, April 10, 2020
By: Business World LVMH said revenue for the last quarter dropped 10% to 20%, compared with the same period last year, as its luxury brands temporarily closed stores and shoppers tightened their wallets due to the coronavirus pandemic. The French luxury-goods...
By: Retail in Asia Hemorrhaging customers as the coronavirus pandemic keeps shoppers at home, the department store industry in Korea has set social distancing guidelines aside as companies launch aggressive marketing strategies to attract consumers to enjoy hands-on activities at...
By: Columbian.com With the virus spreading in the U.S., it could deal a major blow to the country’s more than 1,000 malls at time when many are already struggling with a slew of retail bankruptcies. New diagnoses of the disease...
French beauty giant Sephora has stopped offering custom makeovers in hundreds of stores across Asia-Pacific as a precautionary measure to protect customers and staff from the coronavirus. The service had been temporarily suspended and online bookings had been disabled across...
By: Yahoo News 7-Eleven is the latest retailer to test the "cashierless" store concept, following Amazon's big push into the market with its Amazon Go convenience stores that use technology, instead of people, to monitor stock levels, track purchases and...
By: Euromonitor International Every year, Euromonitor identifies emerging fast-moving trends that we expect to gain traction in the year ahead. The Big Picture Our white paper, Top 10 Global Consumer Trends 2020, explores the most influential trends shaping consumer behaviour, shopping habits...
By: Inside Retail Asia, Korea Bizwire As more Koreans become drawn to their pets, which a lot consider as part of their family, many retailers are also keen on targeting their marketing campaigns towards the particular demographic. Lotte Home Shopping has...
By: Nancy Luna, Nation's Restaurant News McDonald’s moved one step closer to powering the making of Big Macs and fries with solar and wind energy. The Chicago-based quick-service chain said it is investing in two Texas-based startup companies that are generating...
By: Bloomberg.com Bulgari plans to add stores in China, saying jewelry sales there could potentially double over the next five years as it dodges a broader slowdown in the world’s second largest economy. “Year after year a huge upper middle class...
By: Inside Retail Asia Japanese department-store operator Takashimaya is banking on its Vietnam and Thailand flagships to drive growth this year as it seeks to achieve profitability in its Southeast Asian business. To date, Singapore has been the sole profitable store...
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