Tag: asia

  • JD invests US$100 million in Gome Retail

    JD invests US$100 million in Gome Retail

    Chinese e-commerce giant JD has made a strategic investment in Gome Retail, buying US$100 million of convertible bonds.

    Gome Retail is one of China’s largest electronic retailers. The company is in the midst of a major transition and restructure from a brick-and-mortar-dominated format into a multichannel digital business anchored around its online platform. It is also expanding its physical store network into low tier cities and rural locations across China.

    Gome had already opened a flagship store on the JD site and the two companies say the financial tie-up will strengthen the cooperation between them.

    In the next step of their alliance, JD and Gome Retail will look to use their respective online and offline strengths to achieve more synergies, including integrating their supply chains and sharing logistics and installation functions, and other business-related aspects such as financial services.

    During the last year or so, JD has invested in Five Star, D Phone, Lecoo and other businesses in the electronics retail space, creating diversified formats, such as JD E-Space, JD Computer, and Digital Products Stores and JD Home Appliance Experience Stores.

    “The strategic cooperation with Gome not only marks the acceleration of JD’s integration and opening up, but also represents the company’s commitment to promoting an ecosystem approach by relying on its infrastructure, including supply chain, logistics, and technology,” the company said in a statement.

    “It also represents JD’s commitment to work together with partners for more efficient and sustainable development.”

  • Abercrombie & Fitch sales tumble in SE Asia

    Abercrombie & Fitch sales tumble in SE Asia

    US apparel retailer Abercrombie & Fitch suffered a 51-per-cent fall in sales in Asia Pacific in its first quarter as Covid-19 forced store closures across the region.

    Worldwide, the company suffered a 34-per-cent decline, but at least one analyst is impressed that the company’s sales did not fall further.

    “The group was one of the first to close its physical stores as this crisis broke and it is very heavily exposed to discretionary apparel categories that took a battering during the depths of the pandemic,” said GlobalData Retail MD Neil Saunders.

    “Compared to rivals, A&F has performed relatively well.”

    The loss of sales in physical stores was compensated for in part by a 25-per-cent rise online.

    “Over the period, A&F did a good job with digital marketing and kept customers regularly informed of various offers and deals,” said Saunders. “This both helped to keep the brand on the radar and stimulated some buying activity in a market that would otherwise have been very subdued.”

    In terms of sales across all channels, the company’s namesake brand performed the best, declining 30 percent worldwide. Sales at the surfwear concept Hollister declined by 36 percent. By geography, sales fell 31 percent in the Americas and by 35 percent in Europe, Middle East and Africa (EMEA).

    The soft sales saw the company record an operating loss of US$209 million and a net loss of $244 million.

    As at the end of May, Abercrombie & Fitch has reopened about half of its global store network in the wake of the Covid-19 crisis. Sales at those stores are running at about 80 percent of the levels of one year ago in North America, and 60 percent in EMEA.

    “This is not a bad initial come-back figure, especially as our data shows that where reopening has occurred, customer traffic and spend is gradually building which indicates the numbers will strengthen as time progresses,” says Saunders.

    “Nevertheless, the numbers show that trade is not coming back with a bang and given A&F is in a relatively good position in terms of brand and product mix, productivity levels will be significantly worse in other parts of the apparel market.”

  • Foodpanda in the Philippines expands into groceries delivery

    Foodpanda in the Philippines expands into groceries delivery

    Food-delivery service Foodpanda in the Philippines has expanded into grocery deliveries. Partnering with major retailers such as 7-Eleven, the company said it has introduced a “Shops” function on the Foodpanda app.

    “Shops provide Foodpanda users more options and upgrades so they will never have to run out of everyday essentials,” said Paolo Biondi Te, head of the grocery at Foodpanda in the Philippines.

    “With this newly added service, we are confident that this will bring delight and satisfaction to our customers who need easy access to their daily essentials while providing elevated experiences to Filipinos’ everyday lives,” he added.

    The “Shops” function works similarly to other grocery-delivery services which allow customers to place orders from a shop and track it through the Foodpanda app.

  • Starbucks expands Teavana in Korea

    Starbucks expands Teavana in Korea

    Starbucks is expanding Teavana in South Korea. According to the Korea Herald, The number of Starbucks’ premium Reserve-branded coffee houses serving Teavana drinks has expanded from 13 to 52.

    The tea has grown in popularity within the territory since it was introduced in 2016, with Teavana sales growing 20 percent annually. One tea blend is now the chain’s third most frequently ordered beverage among younger customers, perhaps due to a heightened awareness of health consciousness in that demographic.

    During the first three months of this year, sales of green tea-based drinks rose 35 percent compared with the same period last year.

    Starbucks acquired US-based Teavana Holdings in December 2012, a “super-premium tea” product it said brought “exotic blends, great flavors, wellness and innovation” to customers globally. At that time it was a standalone retailer, however, Starbucks closed all of the stores and integrated the brand and its products into selected coffee stores.

  • Since Huawei can’t use the top video sharing service

    Since Huawei can’t use the top video sharing service

    A bit over a year ago, the U.S. Commerce Department placed Huawei on its Entity List preventing the company from accessing its U.S. supply chain. This prevents the manufacturer from licensing Google Mobile Services and installing core Google apps on its phones. The company also cannot install apps like the Play Store, Gmail, Search, Maps, and Drive. This doesn’t matter inside China where most of Google’s apps are banned anyway, but it could affect demand for the global versions of the company’s handsets.

    Huawei has been using an open-source version of Android and debuted its own Huawei Mobile Services with the recently released P40 series. HMS features Huawei’s own AppGallery app storefront which includes the Petal Search app. The latter has a cool feature that allows users to search for a particular app. If an app cannot be found in AppGallery, Petal Search will find a third-party app store that lists the app and provides a link to install it. This will also work with apps developed by U.S. companies such as Snapchat and Instagram giving owners of Huawei phones a way around the Commerce Department’s ban.

    Another one of Google’s popular apps that is not allowed to be installed on Huawei’s phones is YouTube. Google acquired the video streaming app in October 2006 for $1.65 billion in Google stock. As with everything else that the U.S. Commerce Department bans Huawei from, the Chinese manufacturer has been searching for a replacement that is out of reach of the Trump administration. The video-sharing tech platform located in France has signed a deal with Huawei Video. Through this new partnership, DailyMotion’s video player technology has been integrated with the Huawei Video app. Dailymotion, for those unaware, is the second-largest video sharing platform in the world behind YouTube.

    The technology package includes a robust white-label video player, a large volume of international and local video content via Dailymotion’s API as well as a strong monetization solution of the video inventory. In other words, Huawei users will have access to a large selection of videos that can be monetized by including ads with a video. The decision about monetizing content is up to Dailymotion’s video creators. Dailymotion says, “Committed to supporting renowned global publishers like Huawei Video, Dailymotion believes that its video technology solutions will continue to enrich the content of publishers, to expand their digital footprint and reach a global audience.”  It might not be the same content found on YouTube, but the Dailymotion app might include plenty of European content that should find favor among owners of the global variants of Huawei handsets.

    The international and local content available from Dailymotion is expected to broaden the audience for the Huawei Video app. Stéphane Godin, Dailymotion’s, Chief Content Officer said, “Thanks to all our premium partners, Dailymotion is able to distribute a large amount of videos and playlists to third-party publishers. We are proud to collaborate with Huawei to make all of our content catalog reach new premium audiences.” A Huawei executive also chimed in; Jervis Su, Vice President of Mobile Services, Huawei Consumer Business Group stated, “We’re pleased to offer our Huawei Video service so that people across the globe can easily explore thousands of videos and movies available from our partners, including Dailymotion, anywhere and anytime. We are committed to bringing more choice to consumers. We also hope it will bring some joy to all of their lives at this time.”

    The U.S. considers Huawei to be a national security threat due to a perceived tie to the communist Chinese government. Administration officials believe that Huawei’s gear contains backdoors that collect data from consumers and corporations and sends it to Beijing. Huawei has repeatedly denied these allegations.

  • Central Retail takes full control of FamilyMart Thailand

    Central Retail takes full control of FamilyMart Thailand

    Central Retail has taken full control of the FamilyMart Thailand business, a precursor to expanding the network in the country.  Currently, FamilyMart has just 1000 convenience stores, largely centered in the capital city of Bangkok. That’s a fraction of the 14,000-odd stores under CP All-owned rival 7-Eleven.

    “The acquisition of all the shares of FamilyMart is in line with Central Retail’s strategy to strengthen our Central Retail & Service Platform, reaffirming our leading position in the retail business, as well as to increase our potential in offering full-scale services through customer-centric omnichannel,” said Central Retail CEO Yol Phokasub.

    He said the company plans to continue expanding the FamilyMart Thailand store network but did not provide any further details.

    Central Retail has run the FamilyMart Thailand business in partnership with Japan FamilyMart Co since 2012, through a company called SFM Holdings. Central held 50.65 percent of the shares in SFM and its Robinsons department store division 0.35 percent. Yesterday, Central bought the remaining 49 percent from the Japanese company.

    Phokasub says the deal strengthens the power of Central’s food and convenience-store businesses at a time when Thailand’s food market is thriving.

    “Over the past eight years of operating FamilyMart convenience stores, CRC has always been committed to improving the business model and expanding stores to offer convenience to consumers through products and services, with unique selling points to meet the needs of consumers in all areas. It has become a lifestyle & food destination with ready-to-eat meals, beverages, Arigato fresh coffee, and open spaces for everyone to come mix and mingle 24 hours a day,” he said.

    Under Central Retail’s leadership, the FamilyMart Thailand concept has expanded into other areas of convenience, including installing 24/7 coin-operated washing machines in some stores.

    During the Covid-19 crisis the chain launched vending machines both inside and outside stores, serving ready-to-eat meals, beverages, and snacks.

    The company also recently partnered with delivery-service Grab to allow customers to purchase products from FamilyMart remotely

  • Macau retail sales down with 45 percent in first quarter

    Macau retail sales down with 45 percent in first quarter

    Macau retail sales plunged 45.1 percent in the first quarter of this year to around US$1.41 billion according to the territory’s Statistics and Census Service.

    The huge fall followed the effective closure of the border with Mainland China and the resulting the absence of people venturing to Macau for gambling, shopping and conventions due to the Covid-19 crisis.

    The worst-hit Macau retail category was watches and jewelry, down by 57.5 percent, with department-store sales down by 56.4 percent.

    Adult apparel sales fell by 52.9 percent and leather goods by 51 percent.

    The only retail category to increase sales during the quarter was supermarkets, which surged 14 percent, reflecting the trend towards people preparing food and eating at home to ensure social distancing.

    According to the service, the value of Macau retail sales during the March quarter dropped by 45.8 percent compared with the preceding three months.

    When gathering retail sales data the Macau government polls businesses on their expectation of trade for the future. After March’s experience, 80 percent of retailers said they expected a decrease in sales during the current June quarter and 13.3 percent expected sales to remain stable. Just 6.2 percent expected an increase.

  • Hidden code suggests a change in how Netflix will handle downloaded content on Android

    Hidden code suggests a change in how Netflix will handle downloaded content on Android

    Are you old enough to remember when Netflix’s business model revolved around subscribers receiving CDs by mail? The company’s hook was that it didn’t charge a late fee. And once smartphones started to rule the world, the Netflix app allowed mobile users to view movies and shows on the go. We can fondly remember installing the app on our Motorola DROID back in May 2011.

    By December 2016, Netflix started to allow both iOS and Android users to download certain shows and movies on their mobile devices so that they could be viewed later when the user is offline. This will also allow a Netflix user to download some content that he or she wants to view in Airplane Mode while traveling. There is one downside to downloading Netflix content; if you don’t complete downloading the entire video, it cannot be played. Eventually, when everyone is rocking a 5G phone, this won’t happen since downloading content would take no longer than a few seconds. But for now, such an activity can take several minutes over a 4G LTE network.

    If you’ve decided not to invest in a 5G phone yet, there could be some good news anyway. XDA found some hidden code in the latest version of the Netflix app (version 7.58.0) which suggests that a change is coming. The strings of code found by XDA suggest that Netflix will give users the ability to watch downloaded content even if it has been only partially downloaded. This will allow Netflix subscribers who run out of data or who can’t access their network for some reason in the middle of downloading content, to view at least the part of the movie or TV show they were able to install.

    We don’t know when or even if- this feature will be rolling out to Netflix users, but if it is and it will make your life easier, we know exactly whom to thank. Back in February, a Twitter user named Sanjay Pahuja (@sanjay31051986) suggested to Netflix that the video streamer allow content partially downloaded to be viewable by users. Netflix said that it would take the suggestion under consideration. Now it appears that the company has done more than just that and that the ability to view partially downloaded content is on the way.

    If you don’t have Netflix on your mobile device, you can find the app in both the App Store for iOS users and the Google Play Store for those with an Android device. After a free month of service, Netflix will cost you $8.99 per month for the Basic service that allows you to stream on one screen at a time. The Standard subscription costs $12.99 per month and offers streams to be viewed in HD with two screens able to use the subscription at the same time. For $15.99 per month, the Premium service allows streams to be viewed in HD and Ultra-HD with four screens able to view Netflix at the same time.

    Netflix has released some red hot original series and the second half of the fifth and final season of Fuller House will drop on June 2nd. This series is the sequel to ABC’s popular Full House which ran from 1987-1995 and put the Olson twins on the map. Ryan Murphy’s controversial eight-episode Hollywood series is a fictionalized look at Tinseltown using real-life characters. If you’ve ever watched one of Murphy’s shows, you know what to expect so you know not to let the kiddies view this. But if you’re like many, Hollywood is like a book that you just can’t put down and many have binge-watched the series in one night. The ensemble cast includes Big Bang Theory’s Jim Parsons and Patti Lupone (Evita). And if you’re in the mood for a dark comedy, the second season of Dead to Me is now available. Starring Christina Applegate (Kelly Bundy from Married with Children) and Linda Cardellini (ER), this is another Netflix original that you can’t get enough of.

  • Li & Fung completes delisting

    Li & Fung completes delisting

    Hong Kong-headquartered supply-chain solutions company Li & Fung formally delist this afternoon (May 27) ending a 28-year tenure as a public company.

    The family that founded the company 114 years ago will retain effective control of the business holding 60 percent of the voting shares. However Singapore-based warehousing and logistics company GLP will hold 100 percent of the non-voting shares, giving it an effective 67.67 percent financial ownership of the business.

    “We move forward with the next chapter of our transformation as a private business while maintaining our commitment to our staff, customers, suppliers, business partners, and the community of Hong Kong, who have together served as the foundation of Li & Fung for the past 114 years,” said Li & Fung group chairman Spencer Fung in a statement.

    Group CEO Spencer Fung described today as “the start of a new journey” for the company as it focuses on achieving a fundamental transformation of the business.

    “While there will be challenges to manage, Li & Fung will benefit greatly from our partnership with GLP. Our commitment to our retail and supply-chain partners remains as strong as ever.”

    He said the company would continue to transform the business, which operates a sourcing and production platform in 50 countries, to meet “ever-changing consumer demands in a complex global environment”.

    GLP co-founder and CEO Ming Mei said the two companies share a vision to create the digital supply chain of the future.

    “I am confident that with its commitment to long-term transformation, Li & Fung will build upon its position as the global retail supply chain leader. I also look forward to exploring the areas where we can deepen our partnership and develop shared opportunities between logistics networks and technology innovation for our customers.”

    The delisting formally occurs at 4pm Wednesday (May 27) and Li & Fung says checks to shareholders would be sent out on or before June 1.

    GLP, described as “a leading global investment manager and business builder in logistics, real estate, infrastructure, finance, and related technologies” operates in Brazil, China, Europe, China, INdia, Japan and the US with some US$89 billion in assets under management in real estate and private equity funds.

  • Hong Kong’s Landmark mall launches ‘e-chat ’ retail initiative

    Hong Kong’s Landmark mall launches ‘e-chat ’ retail initiative

    Hong Kong’s Landmark mall has launched the city’s first luxury “e-chat shopping” service on its mobile app.

    The service is an enhancement of Landmark’s online shopping concierge that enables customers to select, reserve or purchase their favorite items online via WhatsApp, enabling one-on-one communication with in-store sales staff

    Users of the app can receive fashion advice, trend tips and other assistance via the online concierges while browsing more than 500 items available from more than 48 of Landmark’s luxury fashion and lifestyle tenants. Participating brands include Fendi, Bottega Veneta, Tory Burch, Chopard, De Beers, Roger Vivier and R Sanderson.

    Orders and payments can be made directly online, with purchases available for collection in-store or delivered directly to shoppers’ homes or choice of destination in Hong Kong within 48 hours.

  • Hublot opens its largest flagship in Tokyo

    Hublot opens its largest flagship in Tokyo

    LVMH-owned watchmaker Hublot has opened its largest flagship store yet in Tokyo’s Ginza shopping district in Japan.

    Called “Hublot Tower”, the new flagship features a 56-meter-high artistic facade with glass panels scattered with mirrored tiles.

    Located on Chuo-dori Street, Hublot’s Ginza store occupies a 300sqm space, spanning three floors. The store’s design was inspired by the cosmopolitan city, using different materials such as mirrors, glass, marble and metal to create a contemporary style.

    “In only 40 years, Hublot has seen many firsts and many successes, and today is again another milestone for our Maison,” said Ricardo Guadalupe, CEO at Hublot.

    “We have long had a presence on the most prestigious streets in the world’s metropolises and from today in Japan too, our number one market. Hublot Tower is a symbol of the fusion of modernity and tradition that we ardently pursue and uphold in all our actions.”

    All of Hublot’s collections, including the brand’s latest limited-edition Big Bang GMT All Black Yohji Yamamoto watch, can be founded on the store’s first floor. The second-floor houses a VIP experience room, and the third-floor exhibition space.

  • Hong Kong retail at a life or death state

    Hong Kong retail at a life or death state

    Hong Kong’s retail industry is facing “a crucial, life-and-death moment of survival” according to the city’s main retail body the HKRMA, which has sent an open letter to chief executive Carrie Lam seeking government support.

    “Since the social unrest from June last year until the recent coronavirus pandemic, the retail industry has taken a hit for nearly a year,” Hong Kong Retail Management Association chair Annie Yau Tse told Lam in the letter.

    “The operating environment has become increasingly difficult,” she wrote, and even though the government has repeatedly offered relief measures to address immediate urgencies, the situation is still dire.

    Tse said HKRMA research projects 16,000 retail stores will close across the territory this year. That follows 14 months of negative sales growth, a brief respite, then a 40-per-cent-plus plunge during the Covid-19 crisis in February and March.

    “The industry is facing the biggest crisis in its history. Monthly rent is a retailer’s largest expense and the association has relentlessly called on landlords to reduce the rent in these difficult times.”

    While real-estate developers and individual landlords have shown support of varying degrees, the majority of the rent-reduction methods, scope and term do little to alleviate the losses already incurred “and neither is it enough to support a retailer’s continued operations,” she said.

    “In addition, recent responses and attitudes of landlords have become more indifferent and tougher than before.”

    Tse called on Lam to take action to force a suspension of rental payments for at least nine months, citing countries including Great Britain, Australia, and Singapore where laws were implemented during the Covid-19 crisis to ensure landlords take temporary action to help retail tenants recover. Restricting landlords from taking legal measures or taking back store premises for at least nine months would allow retailers to continue to trade and to recover, she advocated.

    “Hong Kong is the world’s most expensive place to rent. The income of many industries, especially those tourist-related, has contracted significantly, but store owners still face extremely expensive rent.”

    Tse also called for broader economic policies from the territory’s government to maintain a sustainable business environment.

    “Although HK’s economy has always been market-leading, the current economy is weak. Investments, consumption and exports have fallen sharply, the worst ever rate recorded in history.

    “Even if the global pandemic comes to an end, it is expected Hong Kong’s economy will still need at least half a year to gradually step out of the abyss.”

    The association believes that if high rents cannot be resolved in a timely manner, even with government funds and related relief measures, mass closures and layoffs are inevitable.

    “In the end, it will not only be a waste of government resources but also create an irreversible situation in the economy”.

  • Starbucks in Korea under fire for free-gift ‘wastage’

    Starbucks in Korea under fire for free-gift ‘wastage’

    A giveaway promotion from Starbucks in South Korea has drawn the ire of critics who allege consumers are buying coffee and dumping it to gain enough points for free goods. The promotion has become popular, critics say customers feel pressured to buy products in “excessive” volumes.

    Starbucks in South Korea is holding a promotional event from May 21 to July 22. If a customer buys 17 drinks, including seasonal drinks, they can get one of two small suitcases or a camping chair.

    Rival chain Hollys Coffee has also been running a promotion since May 12 that allows customers to purchase three products useful for camping, including parasols and chairs, at a 60-per-cent discount, if one spends more than 10,000 won (US$8.10) at the store.

    The problem is that some of these promotional products are exploding in popularity, and there is an abnormal craze, such as mass purchases of unwanted drinks to receive them.

    On social media sites, tips on how to buy 17 drinks at Starbucks for the lowest price (68,700 won) have been shared.

    Starbucks does not disclose the number of free gifts available at each store, but information about the stores is being posted online.

    Last Friday, a customer bought 300 cups of coffee at a time and returned home with only the small suitcases, as free gifts.

    The customer posted a memo titled “All Free” for the remaining 299 cups besides the one he or she took, but no one drank them, so all the coffee was reportedly discarded.

    In addition, some of the Starbucks suitcases are being sold for up to 200,000 won on online shopping malls and secondhand trading sites.

    “It is a thank-you event for customers who usually buy more than two cups a week, but we are in a difficult position as other customers report of the inconvenience,” a Starbucks in South Korea official said.

    “However, these gifts are being praised for their design and practicality.

    Hollys Coffee is also known to have many people lining up from dawn to buy its promotional items or going from store to store in search of a particular item.

    The craze is also attributed to the fact that both companies have released gifts aimed at “home camping.”

    Interest in domestic travel and camping has grown as the global Covid-19 crisis has made it virtually impossible to travel abroad during the summer vacation season.

    In particular, “home camping,” which can be enjoyed on verandas, porches or terraces at home, has also become popular as the number of people staying at home increases due to the coronavirus outbreak.

    According to Gmarket’s recent survey of sales during the period from April 22 to May 21, sales of tents for home use increased by 39 percent year-on-year, compared to growth of 49 percent for folding tables, and 48 percent for folding camping chairs.

    Some point out that the purpose of the promotional events, which were intended to convey a token of gratitude to loyal customers, is becoming blurred. Some are calling for measures such as limiting the quantity per person.

    “Unlike ordinary products, there is a problem where food and beverage be discarded if they are not consumed immediately,” a retail industry source said.

    “To prevent this phenomenon of throwing away money, Starbucks should be telling customers how many free gifts each store has prepared.”

  • Apple to reopen 100 brick and mortar stores in the states this week

    Apple to reopen 100 brick and mortar stores in the states this week

    There seems to be an urgency in the U.S. to get back to those carefree pre-COVID-19 days when the only thing you had to worry about was whether Apple’s new iPhone 12 series would support both sub-6GHz and mmWave 5G signals (they will). While some behavior, such as crowding together on beaches during Memorial Day, will no doubt lead to the second wave of COVID-19 cases, most businesses are reopening slowly while trying to take a safe approach.

    A week ago, we told you about some of the changes that T-Mobile has instituted for its reopened locations. An employee will open the door (regardless if you are coming or going), the capacity of each store will be sharply reduced to keep consumers at safe distances from one another and employees will have to wear a mask (no word on whether it has to be a magenta one). The sanitizer will be applied to the demo devices on the shelves while employees will have to spray and disinfect their own personal phones and tablets.

    Today, Apple said that it will reopen more Apple Stores in the U.S. starting tomorrow. Last week 25 locations in the states turned their lights back on along with 12 in Canada and 10 in Italy. The Apple Stores opened last week include those in Arkansas, California, Washington, Florida, Colorado, Hawaii, and Oklahoma. And now we are looking at another 100 U.S. stores that will be reopened this week. Most of these brick and mortar locations will provide curbside or storefront service only. Customers will be able to pick-up devices and accessories ordered online and show up for Genius Bar appointments. Some stores will be open for walk-in customers. Those stores will most likely require that customers wear a mask and have their temperatures taken before they are allowed to walk inside. Despite Apple’s willingness to get back to normal, those locations allowing walk-in customers will limit browsing and Apple will still focus on online sales.
    Apple says, “This week we’ll return to serving customers in many US locations. For customer safety and convenience, most stores will offer curbside or storefront service only, where we provide online order pick-up and Genius Bar appointments. Others will be open for walk-in customers and we encourage everyone to check their local store webpage for more information about hours at their preferred location. Customers can also visit apple.com for support by phone or chat. We are committed to reopening our stores in a very thoughtful manner with the health and safety of our customers and teams as our top priority, and we look forward to seeing our customers again soon.”
    As of today Apple has 510 stores globally with 271 located in the states. 148 stores worldwide are currently open and if Apple goes through with its plans for this week, that number will rise accordingly. Deirdre O’Brien, Apple’s Senior VP of Retail + People said earlier this month, “Our commitment is to only move forward with a reopening once we’re confident we can safely return to serving customers from our stores. We look at every available piece of data — including local cases, near and long‑term trends, and guidance from national and local health officials. These are not decisions we rush into — and a store opening in no way means that we won’t take the preventative step of closing it again should local conditions warrant.”
    Apple has still released new devices even with its stores closed. This includes the new refreshed versions of the iPad Pro (2020) and the second-generation iPhone SE. The company has also had to move its annual WWDC Developers Conference online; Apple will virtually host WWDC starting on June 22nd.
  • Indian jeweller Zoya expands in-country

    Indian jeweller Zoya expands in-country

    House of Tata’s luxury jeweler Zoya is launching a boutique in Bangalore. The 3300sqm South Indian flagship is opening a business in the city’s most prominent luxury strip on central Vittal Mallya Road with a venue aiming for an understated ambiance that evokes an appreciation for fine artistry and handcrafted jeweled accessories.

    “Zoya’s collections are inspired by myriad journeys, from the ones that take you across the world to the ones that help you discover your own feminine self,” said Zoya business head Amanpreet Ahluwalia. “The creative process of each jewelry piece can take up to a year from the idea of bringing it alive, resulting in artistic masterpieces, each with its own story to tell.

    “Having received a wonderful response from the North and West of India, we couldn’t have found a location for our Bangalore boutique that resonated more perfectly with the brand.”

    The boutique is conscientiously promoting its in-store sanitization protocols with the country still in the midst of the coronavirus pandemic.