Starbucks Korea said that it will strengthen its focus of business operation in Korea by opening more “community stores” that donate a portion of sales to the community via charity programs, working w…
SSP Group opens outlets in Beijing Daxing International Airport
SSP Group will open six food & beverage units at the new Beijing Daxing International Airport.…
UK’s Karen Millen files for bankruptcy in Australia, all stores to close
British’s Karen Millen announced its plan to shutter all Australian retail stores, as the Australian arm of the women’s fashion retailer files for bankruptcy.…
Suning Xiaodian buys 60 stores from Hong Kong’s Fung Group
Suning Xiaodian, which is owned by Chinese retail major Suning.com Co., has acquired more than 60 convenience stores in Guangzhou from Hong Kong conglomerate Fung Group.…
Taiwan’s Test Rite Group to close stores in China
The Test Rite Group, known in Taiwan for its do-it-yourself stores, has decided to close down 13 out of 15 stores in China due to losses, the Central News Agency reported on August 3, 2019.…
Sports Direct acquires Jack Wills
Finally Mike Ashley’s company has won the bid to acquire troubled fashion retailer Jack Wills’ assets and stores across the UK and Ireland and the international Jack Wills brand for a cash consi…
Burberry to close 38 stores worldwide
Burberry is reportedly planning to close 38 of its stores worldwide (or one in ten) as the British brand moves forward with plans to reposition itself into a more upmarket tier.…
Zara owner Inditex sees revenues hit 26 billion euros for the first time
Zara parent company Inditex Group’s net sales rose by 3% in full-year 2018 to an all-time high of €26.14 billion, underpinned by growth in all of the Group’s geographic regions.…
The rise of malls: the changing retail landscape in China
Have you ever thought about how many stores open and close in China every day?…
Moncler sees double-digit growth in 2018
Moncler reported a surge in global revenues for 2018, on the back of sales gains across all major markets, prompting a lift in profit at during the year.…