leflair the new victim of e commerce in vietnam

Leflair – the “new victim” of e-commerce in Vietnam

Leflair, an e-commerce platform specialised in flash sales and branded goods, officially announced suspending operations in Vietnam, yielding to the capital and cost pressure.
trade centers and playgrounds abandoned over weekend

Trade centers and playgrounds abandoned over weekend

People avoided trade centres, cinemas, and playgrounds even during the weekend due to worries about the novel coronavirus.
securities company lists 9 industries that will be affected by epidemic

Securities company lists 9 industries that will be affected by epidemic

Nine industries could be negatively affected in the short term by the fallout of the coronavirus epidemic, according to a report by SSI Securities Corporation.
former deputy head of retail banking of notorious eximbank becomes ceo of mai linh taxi

Former deputy head of Retail Banking of notorious Eximbank becomes CEO of Mai Linh Taxi

Rahn Wood, who used to work at Eximbank and VIB, has just been appointed as CEO of Mai Linh Group Corporation.
vincom retail celebrates 17 per cent in pre tax profit

Vincom Retail celebrates 17 per cent in pre-tax profit

Vincom Retail reported VND9.259 trillion ($402.57 million) in revenue and VND3.578 trillion ($155.57 million) in pre-tax profit in 2019.
japanese mask sold for vnd27 million on shopee

Japanese mask sold for VND2.7 million on Shopee

A Japanese single-use mask product is sold at the price of VND2.7 million ($117.39) on Shopee, while not long ago it went for only VND250,000-300,000 ($10.87-13.04).
price of masks and hand wash going up due to coronavirus

Price of masks and hand-wash going up due to Coronavirus

As red flags are being raised everywhere over the coronavirus, the price of masks and hand-wash is going up as pharmacies are running out of stock in most cities throughout the country.
ikea closes around 15 stores in china due to virus outbreak

IKEA closes around 15 stores in China due to virus outbreak

Sweden's IKEA, the world's biggest furniture retailer, said it was temporarily closing around half of its 30 stores in China as deaths in the country from the fast-spreading new coronavirus rose to 132 on Wednesday (Jan 29).
beer sale drops badly in tet

Beer sale drops badly in Tet

Beer is often a best seller during Tet but many retailers have been forced to lower their prices to encourage customers to buy.
founder of south korean retail giant lotte dies at 97

Founder of South Korean retail giant Lotte dies at 97

The founder of South Korea's sprawling retail conglomerate Lotte Group has died at the age of 97, company officials said Sunday (Jan 19).
vinmart closes numerous stores to reach break even point sooner

VinMart closes numerous stores to reach break even point sooner

The profit margin of VinMart+ has been improving over the last three years, and despite currently making losses, the retailer expects to turn a profit next year after great efforts and investment.
uniqlo to open first store in hanoi city

UNIQLO to open first store in Hanoi city

Japanese global apparel retailer UNIQLO on January 7 announced the location of its first store in Hanoi, set to open in spring this year.
11 imported pork for the new year

$1.1 imported pork for the New Year

The increase of cheap pork imports will contribute to dealing with the lack of pork during the Lunar New Year holiday.
thai shoppers get creative after plastic bag ban

Thai shoppers get creative after plastic bag ban

Thai shoppers grabbed baskets, buckets and even a wheelbarrow to skirt a new ban on single-use plastic bags at big retailers, with many posting images of their efforts online.
lottevn quits e commerce race in vietnam

Lotte.vn quits e-commerce race in Vietnam

After Adayroi of Vingroup stopped working, South Korean giant Lotte also announced closing the curtains on its Lotte.vn website, effectively quitting the e-commerce race in Vietnam.