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LONDON: Even as global consumer brands grow more dependent on Asia for sales of everything from fancy handbags to baby formula, European retailers keep retreating from the world’s fastest-growing markets.
HONG KONG: Even as global consumer brands grow more dependent on Asia for sales of everything from fancy handbags to baby formula, European retailers keep retreating from the world’s fastest-growing markets.
GEORGE TOWN: Texchem Resources Bhd will close down unprofitable Sushi King outlets in the country in 2020.
NEW YORK: Sears Holdings Corp., the 125-year-old retailer that became an icon for generations of American shoppers, filed for bankruptcy, saddled with billions of dollars of debt racked up as it struggled to adjust to the rapid shift toward online consumption.
PETALING JAYA: Although the property retail scene will remain challenging in the next couple of years as a result of rising retail space and the competition brought about by e-commerce, the retail sector will continue to grow, albeit at a much slower pace, backed by more “targeted valued content and offerings” using different delivery channels.
WE came away positive from our meeting with management on Hai-O’s prospects.
Japan's largest tyre maker, Bridgestone Corp, reported nine months to September net profit of 80.5 billion yen, a level equivalent to 77.4% of the company's full-year profit forecast, led by the strong performance of its US and Europe operations.