RETAIL REVENUE INCREASES IN JAPAN

HIGHLIGHTS

• Many Japanese retailers are experiencing an increase in their sales.
• For the retail sector, this is being seen as a positive sign as lockdown to prevent the spread of coronavirus infection brought the economy to a standstill.

SOKO GLAM LAUCHES FIRST BRAND

HIGHLIGHTS

• Korean beauty e-commerce site Soko Glam has launched its own brand of beauty products.
• The name of brand is Good (Skin) Days.
• All products of this brand have been developed by Soko Glam Labs.

The 8-year-old Kore...

BRITAIN’S TESCO RETAIL SALES RISE ALONG WITH COSTS

Highlights –

• Britain’s lockdown has surged sales of Tesco retails; sales rose 8.7% in the first quarter.
• There has been a surge in costs and logistics as well.
• Tesco has a 27% share of Britain’s grocery market.
• ...

RETAIL INVESTOR FRENZY MIGHT HAPPEN IN SOUTH KOREA

HIGHLIGHTS

• In South Korea, preferred stock is soaring at 1,270%.
• Regulators are warning that this might lead to retail investor frenzy.

South Korean regulators are warning that local traders about a handful of tiny preferred stocks. ...

REUSABLE MASK LINE UNIQLO ARRIVES AT RETAIL STORES

HIGHLIGHTS

• Retail stores all over Japan are stocking the reusable face mask from Uniqlo.
• Many businesses wanted to tap into the face mask market due to heavy customer demand and increasing sense of practicing precautionary measures.

...

UNMANNED STORES BEING DEVELOPED SOUTH KOREAN TELCOS

HIGHLIGHTS

• Due to the infection caused by coronavirus, social distancing is necessary.
• Telco companies in South Korea are planning to offer unmanned services at their stores.

Due to the crisis caused by coronavirus, social distancing...

CHINA’S WEALTH PRODUCT MARKET SHOWS LOSS

Highlights:

• Chinese investors have experienced losses of 25 trillion yuan which is equivalent to $3.5 trillion on high-yield wealth management products.
• Government bond yield has also surged this month driving the net asset value on more than 280 low-...

1.5 MILLION AMERICANS FILE FOR UNEMPLOYMENT BENEFITS: US LABOR DEPT. REPORTS DECLINING JOBLESSNESS IN THE US

Highlights: 
•    Federal government introduced an unemployment benefits scheme for the gig workers and the self-employed. Consequently, more people filed for benefits
•    The unemployment rate in the US is declining steadily 

MCDONALD’S SALES INCREASE IN SOUTH KOREA

HIGHLIGHTS

• During the lockdown period, the sales of McDonald‘s increased.
• McDonald‘s had made investment in contactless delivery.
• McDonald‘s is happy about positive response being received by its Best Burger Initiative.

SOUTH KOREA MAY FURTHER DEREGULATE RETAILERS

HIGHLIGHTS

• South Korean government is planning to deregulate the retailers as the demands for various goods and services are soaring.
• A new type of coronavirus infection is emerging in South Korea.
• Online retailers are getting more sales co...

FIRST IKEA JAPAN COMPACT STORE OPENS IN TOKYO

HIGHLIGHTS

• The first compact store of Ikea Japan has opened in Tokyo.
• The new store offers buyback service.
• This store also features a Swedish Café and Swedish and Combini.

As Japanese economy struggles to recover f...

SOUTH KOREAN RETAIL INVESTORS EARN BIG RETURNS ON STOCKS

HIGHLIGHTS

• Retail investors are witnessing big gains from their stock investments in recent months.
• Data from 19 MAR 2020 TO 5 JUNE 2020 was analyzed and evaluated.

According to the data released on 8 JUNE 2020, South Korean retail i...

O’RIGHT DEBUTS IN JAPAN

HIGHLIGHTS

• This week, two stores of O’right are opening in Japan as the Taiwanese brand makes its Japanese debut.
• O’right is Taiwan-based brand.
• The beauty products sold by O’right are eco-friendly.

Today...

COVID-19 LEADS TO SURGE IN SOUTH KOREAN ONLINE SALES

HIGHLIGHTS

• Due to COVID-19 virus, people could not go to stores and buy necessary items.
• A study from CJ OliveNetworks says that online sales heavily surged during the lockdown period.
• Hygiene products witnessed maximum sales. At traditiona...

OCEAN SHIPPING FACING PROBLEMS ALONG WITH RETAILERS

HIGHLIGHTS

• Due to coronavirus, all businesses are on hiatus. Hence, container shipping industry is also not earning revenue.
• Retailers have surplus stock because customers are not coming not stores to buy it. And hence, retailers do not have money to ...

EASE IN RESTRICTIONS LEAD TO RISE IN SOUTH KOREAN RETAIL SALES

HIGHLIGHTS

• Like all businesses, retail business also bore the brunt of lockdown due to coronavirus.
• With the restrictions being eased, sales are increasing in the retail sector.

As the restrictions imposed on the people and businesse...

EMERGENCY PLUMMETS MAY RETAIL SALES IN JAPAN

HIGHLIGHTS

• Emergency was declared in Japan to restrict the movement of people and products to prevent the spread of coronavirus.
• Now restrictions are being eased slowly and stores are opening slowly. So far sales are low.

Most stores...

REPRESSED DEMAND AMONG BRITISH CONSUMERS

Highlights –

• A survey showed British shoppers huge repressed demands after shops started opening.
• Consumers waited in long lines for shopping in physical stores.
• Although, the survey also showed retail sales plunged by nearly a fifth...

BRITISH RETAIL SALES FALL ALONG WITH LOW CONSUMER CONFIDENCE

Highlights –

• Pandemic has made people purchase less from retail sectors.
• Consumer spending and economic output likely to fall in the quarterly period.
• British consumer confidence in late May fell to its lowest level.
• BDO hi...

SOUTH KOREAN DUTY-FREE RETAILERS CLOSING DOWNTOWN STORES

HIGHLIGHTS

• Due to the declining number of tourists caused by coronavirus epidemic, many downtown stores are closing temporarily.
• Many outlets that were favorite with tourists are closing down.
• The number of international flights coming to S...