Department stores are one of the oldest retail concepts in history, dating back to the opening of Le Bon Marché Rive Gauche in 1852 in Paris, but they’ve withstood the […]…
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Who are the top sellers in Japan amid Covid-19?
Sales of summer goods have started to pick up amid the later-than-usual heat wave, with this year’s top sellers reflecting new habits adopted in response to the novel coronavirus pandemic and people’s…
Department stores in Korea launch new marketing strategies
The department store industry in Korea has set social distancing guidelines aside as companies launch aggressive marketing strategies to attract consumers.…
AmorePacific to diversify its market
Korea’s No. 1 cosmetics maker AmorePacific said it will work to reduce its reliance on Chinese visitors by diversifying its target customers.…
Claudie Pierlot opens store at Hong Kong’s K11 MUSEA
Claudie Pierlot announces the opening of its new store at K11 Musea Hong Kong.…
Barneys New York prepares for a bankruptcy filing
Luxury retailer Barneys New York is making preparations for a bankruptcy filing that could come as soon as this July, people familiar with the matter tell CNBC.…
Sales of Korean department stores pass 30 trillion won milestone
South Korean department stores delivered 30 trillion won (US$26.4 billion) in combined sales last year, up 2.3 percent from a year ago, breaking out of years of stagnancy, according to industry source…
Korean Fashion company, leaving department store and heading for Online mall
As more and more consumers who focus on cost-effective products are increasing, middle-priced brands that are less competitive in price are pulled out from department store, and some high-priced brand…
South Korean department store sales rebound in December
Sales at South Korea’s department stores in December rebounded from November on year-end gift purchases, trade ministry data showed on Monday, while sales for the whole year ended on a positive …
Retail in Asia’s top stories of the week (21-25 November)
This week, our top stories included survival tips for Singapore department stores from retail experts, news about Abercrombie & Fitch pulling out of Hong Kong and Manolo Blahnik’s first Mala…