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Stores close early, security heightened in Central as Hong Kong protesters clash with police

Dozens of retail stores closed their doors and some office workers were given the option to go home early in the Central area of Hong Kong Island as protesters blocked roads and clashed with police over a proposed extradition law on Wednesday.Security was also visibly heightened outside the offices of many financial companies after police fired tear gas to disperse protesters who surrounded Hong Kong’s legislative offices, evoking memories of the Occupy Central movement nearly five years ago… Source link

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German supermarket chain Aldi to enter China with two physical Shanghai stores

German discount supermarket chain Aldi will open two pilot stores in China next Friday, reflecting the retailer’s first physical presence in the world’s second-largest economy.The stores, set to open on June 7, will be in the Jing’an and Minhang districts of Shanghai, making China the 11th country the retailer operates in.The privately-owned supermarket chain has been selling goods online in China since 2017 via Alibaba’s online retail platform Tmall, and last year launched an online flagship… Source link

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Vietnam 

Petrolimex plans convenience stores at gas stations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  P-Mart, the first convenience store of Petrolimex at a filling station in Hoài Đức District of Hà Nội. — Photo bnews.vn HÀ NỘI — The Việt Nam National Petroleum Group (Petrolimex) is planning to open convenience stores at its gas stations, most of which have favourable locations across the country. It has more than 5,000 gas stations, nearly half of which are directly run by the firm, while the remaining are franchised. At a shareholders’ meeting in April, Petrolimex general director Phạm Đức Thắng said the plan needs thorough consideration because the group’s gas stations…

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Swiss watchmaker Omega defies e-commerce boom by expanding physical stores network in China

At a time most retailers are turning to digital channels to stay competitive, one Swiss luxury watchmaker is doing things differently.Omega is sticking with good old-fashioned physical shops to underpin its expansion in China even as e-commerce takes the industry by storm.“Sometimes [luxury shopping] is about waiting and longing for the product and experiencing the build-up of emotions as you personally visit the store and touch the product itself,” said Raynald Aeschlimann, president and CEO… Source link

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Singapore 

Second-hand shopping in Singapore: Top thrift and vintage stores to dress like a 90s fashion icon, Singapore News

Thrifting clothes is a growing popular as it is both environmentally friendly and affordable as compared to fast fashion options. To add, the 80s and 90s fashion seem to be making a resurgence among younger individuals and even celebrities nowadays. Although the thrift and vintage community here isn’t as big as it is in other countries, there are still a number of places for you to check out. GENERAL SECOND-HAND GOODS 1. SALVATION ARMY PRAISEHAVEN MEGA FAMILY STORE Photo: Red Shield Industries/Facebook This is arguably the largest second-hand store in…

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China’s Tinder removed from app stores amid government crackdown on cyberspace

Tantan, a popular Tinder-like dating app in China, has been suspended from multiple app stores in the country amid an ongoing government effort to clean up content in cyberspace.The suspension was “on direction of governmental authorities in China”, Tantan parent company Momo said in a statement, without elaborating on the reason of the removal or a timeline for restoration. Tantan, however, is still available for download on Apple’s online App Store in China.The Tantan app is currently China’s… Source link

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Billionaire Philip Green tries to ditch stores before Arcadia restructure

Philip Green is trying to quietly vacate one in 10 of his high-street stores before launching a controversial restructuring of his Arcadia fashion empire.The embattled billionaire is working on a plan that will enable his retail group, which includes Topshop and Dorothy Perkins, to close its worst-performing outlets and slash rent costs.On Thursday, it emerged that a list of 67 of the more desirable stores within Arcadia’s 570-strong network is currently being shared in property circles to see… Source link

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Vietnam 

Convenience stores have strong development in the future – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Convenience stores with many advantages are expected to dominate the local retail market, according to experts. Many famous retail brands have entered Việt Nam market like Circle K of the US opening its stores in Việt Nam from August 2008 or Shop & Go of Singapore opening its stores from 2005. At present, in the two big cities of Hà Nội and HCM City, Circle K has more than 300 stores while Shop & Go has more than 160 stores, reported…

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Lifestyle International sees profit plunge by half even as sales rise at its iconic Sogo stores in Hong Kong

Lifestyle International Holdings, the operator of Hong Kong’s popular Sogo department stores, saw its net profit plunge by a half last year even as sales and turnover grew.Total proceeds from sales jumped 14 per cent to HK$11.7 billion (US$1.5 billion), while turnover grew 16 per cent to HK$4.36 billion (US$555 million), company said on Monday.That was not enough to prevent net profit falling by almost 50 per cent to HK$1.69 billion (US$ 215 million), roughly in line with the HK$1.7 billion… Source link

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