Retail

Even though PSBB is transitioning, economic recession keeps malls quiet

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JAKARTA, KOMPAS.com – Governor of DKI Jakarta Anies Baswedan has changed the status of Phase II or Large-Scale Social Restrictions (PSBB) PSBB Tightening Becomes Transitional PSBB. The PSBB for this transitional period will last for two weeks, starting Monday (12/10/2020) to Sunday (25/10/2020). Even though the restrictions were relaxed, it did not immediately restore traffic … Read more

H&M Global Rontok, in Indonesia it is Expansion to Makassar

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Jakarta, CNN Indonesia – The H&M retail company in Indonesia said it would expand to Makassar, South Sulawesi, this month, in the midst of the global economic downturn due to the corona pandemic – a condition that made H&M Global close 250 outlets this year. H&M Indonesia Communications Manager Karina Soegarda said that her party … Read more

Offering Supply Chain from Upstream to Downstream, Alibaba Opens Digital Factory

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JAKARTA, KOMPAS.com – Alibaba Group Holding Limited officially opened Factory Digital Xunxi (Xunxi), di Hangzhou, China, rabu (16/9/2020). This factory is equipped with infrastructure internet of things (IoT) Alibaba Cloud, and offers upstream-to-downstream digitalized manufacturing supply chains. With these conveniences, microbusinesses will benefit from digitizing China’s manufacturing market, which is worth more than US $ … Read more

Companies: Ripley’s sales in Peru fell 76.1% in the second quarter of e

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Updated 08/29/2020 at 1:15 PM – Ripley’s revenues in the retail segment decreased 66.4% in the second quarter of 2020, compared to the same period in 2019, due to a 61.3% drop in sales in Chile and a 76.1% drop in Peru. As reported by Financial Newspaper of Chile, the banking segment of Ripley suffered … Read more

Ripley’s revenue falls more than half in the second quarter due to store and bank closings

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Firm had losses of $ 44,635 million in the second quarter versus a profit of $ 15,036 million. Revenues fell 52.6% in the period. A second quarter of millionaire losses. That has been the trend in the framework of the results between April and June of all Chilean retailers due to the health crisis that … Read more

Cencosud ends Johnson stores: it will merge them with Paris in Chile and close operations in Peru | Economy

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Through a statement released this Tuesday, from Cencosud announced that their 11 stores Paris located in Peru will stop working. Meanwhile in Chile, the chain Johnson, also belonging to the holding company, will be converted into stores Paris Express, all in the context of the health crisis due to Covid-19. In Peru, according to what … Read more

Cencosud ends its Johnson stores in Chile and ends Paris operations in Peru

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RELATED VIDEO – Unemployment reaches its highest level in 16 years (03:17) The coronavirus pandemic has meant that companies, regardless of their size, have turned to changes and modifications in your business strategies to ensure its existence. Such is the case of Cencosud, a company that announced a reorganization of the work they are doing … Read more

Luminor: It will be difficult to achieve improvements in exports – Financenet

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“The fact that sales of goods in stores decreased by only 0.6% year-on-year in May is good news. Food sales even increased, which is due to the fact that at that time, it is very likely that more people stayed in Latvia than usual this month, and “The result of May would seem a very … Read more

EU, economic sentiment continues to recover, Italy third – Europe

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– – BRUSSELS – Economic sentiment is increasing in the Eurozone and in the EU, confirming the first signs of recovery shown in May and in June it shows more marked growth: the EU Commission writes it by publishing the ESI indicator increased by 8.2 and 8.1 points respectively . The most significant increases were … Read more