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Weekly News Wrap: Silver Lake to invest $1b in Indian retail firm; Restos unveil new store designs inspired from the pandemic
Weekly News Wrap: Silver Lake to invest $1b in Indian retail firm; Restos unveil new store designs inspired from the pandemic
And some retailers still plan to open more stores in 2020.
Indonesia's retail sales fall 12.3% in July
Improvements were observed in purchases of food, beverages, and tobacco.
GoSpree platform ready to take off on 9.9
eGSS participants start promoting deals at their eCommerce stores.
UNIQLO to open its largest retail store in Macau
The store will feature the first UTme! machine.
Hong Kong retail sales shrink 23.1% to $26.5m in July
The retail business environment will remain very difficult in the near term, says a government spokesperson.
Weekly News Wrap: American department stores in their ‘last' stages; US convenience stores pivot to e-selling
And women’s retailer J. Jill has days to avoid bankruptcy. From CNBC:
Clarins opens new Singapore boutique
The kiosk offers a full range of products.
Weekly News Wrap: China offers glimpse to post-pandemic retailing; Eviction looms for Hong Kong's stores
And gold rally boosts Malaysia’s jeweler stocks.
UNIQLO launches mask brand in Singapore
It employs a triple-layer structure, and is machine washable.
Changi Airport launches deals on online shopping platform
Flash vouchers of up to $118 can be redeemed every Monday.
Ecommerce giant Lazada reinvents online shopping through LazLive
LazLive is its in-app live streaming feature which allows users to interact in real time.
Alibaba's income doubled to $6.74b in Q2
Its China retail and cloud computing businesses boosted revenue growth.
Starbucks launches first vending machine in Thailand
Vending machines have become more common amidst safe distancing concerns.
Malaysia's retail sales jumped 13% to $1.15b in June
This was mainly driven by a 20.2% growth in the automotive fuel segment.
Weekly News Wrap: South Korea closes bars amidst virus surge; Online commerce in China on the rise
And the US mulls pressuring Chinese firms such as Alibaba.
Pandemic hastens e-commerce growth in Thailand
Fears over catching the virus drove the boom.
China's retail sales down 1.1% to $463b in July
Goods saw positive growth for the first time, but the catering sector remained weak.
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The retailer strengthened consumer trust through value-led campaigns and innovative launches.
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This 11.11, the real battle lies in shopper confidence – not the biggest discount