With the growing number of one person households and working couples in Korea, changes in people’s spending patterns has brought about a new paradigm in the market place.…
Bossini to exit Taiwan
Hong Kong apparel retail chain Bossini announced the decision to close all the 51 stores in Taiwan by the end of July 2020.…
Mothercare to exit Taiwan
The UK nursery and childcare products retailer Mothercare filed for bankruptcy at the end of last year and closed 79 UK stores, affecting its global market.…
Chinese tourists in Korea decline
Chinese inbound travel to South Korea fell by -72.8 percent year-on-year to 109,400 in the period 1-24 February 2020.…
Report on video watching in Korea
8 out of 10, or 81.2 percent, Koreans watch videos online, according to a ICT Ministry report, with about 73.7 percent watching them on a daily basis.…
Covid-19 changes consumption patterns in Korea
As the number of patients infected with the new coronavirus in Korea has continued to rise precipitously to over 2,000 as of today, society’s consumption patterns ― ranging from hobbies to dinin…
Industries in Korea are affected by Covid-19
South Korea’s major industries — including electronics, automobiles, retail and oil refining — are on high alert due to a surge in COVID-19 cases, as well as the market slowdown in China, …
Japan’s Gram comes to Australia with first Sydney store
Japanese cult-followed restaurant chain Gram has arrived in Australia, opening its debut store in Sydney’s Chatswood.…
Hotel Shilla to cut duty-free sales
Hotel Shilla, which operates luxury hotels and duty-free shops, expands its hotel business this year by opening new facilities at home and abroad in a bid to reduce its reliance on duty-free sales, an…
Old Navy to exit China before March
Gap Inc. said its Old Navy apparel brand would cease operations in China by the end of the month, following the news that the U.S. retail group has decided not to spin-off the retailer into a separate…