In the past several weeks, retailers haven’t seen much of their customers. Retailers and consumers alike remain focused on cutting short the impact of COVID-19, the disease that has swept the globe. At the moment in most locales, when people do venture out it’s only for essential items from the […]
Fast Retailing cuts annual profit forecast by 38%
TOKYO — Japan’s Fast Retailing, owner of the Uniqlo casual clothing brand, cut its full-year net profit forecast to 100 billion yen for the year ending August 2020, down 38% from the previous year, as the novel coronavirus outbreak forces it to shutter hundreds of stores worldwide. That is sharply lower than […]
Tokyo keeps bars and barbers open during coronavirus emergency
TOKYO — The Tokyo Metropolitan Government made a U-turn on Thursday and said it would allow restaurants, including izakaya, to operate until 8 p.m., during the country’s monthlong state of emergency which was declared on Tuesday following an increase in coronavirus cases. Initially, the city had planned to ask those […]
Early lessons for marketers during the coronavirus pandemic
The spread of the novel coronavirus, which causes the illness COVID-19, continues to disrupt how people live and work, and its impact on marketers and advertising agencies is no different. Researchers have slashed ad spending forecasts, CMOs are preparing for budget cuts and a majority of advertising professionals fear layoffs […]
Coronavirus latest: Bangkok and 17 Thai provinces to ban alcohol sales
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 1,353,361, according to the World Health Organization. The worldwide death toll has hit 79,235. To see how the disease has spread, click this interactive virus […]
Hong Kong court rules anti-mask law partially unconstitutional
HONG KONG — A Hong Kong court on Thursday ruled that a controversial anti-mask law is partially unconstitutional, implying that the use of face coverings would be allowed in legal public demonstrations but would remain banned in unauthorized assemblies, while police no longer have the authority to physically remove masks […]
Coronavirus latest: Bank of Japan downgrades economic outlook for all regions
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 1,353,361, according to the World Health Organization. The worldwide death toll has hit 79,235. To see how the disease has spread, click this interactive virus […]
Fast Retailing cuts annual sales forecast by $2.3bn
TOKYO — Japan’s Fast Retailing, owner of the Uniqlo casual clothing brand, cut its sales forecast for fiscal year ending August by 250 billion yen ($2.29 billion) to 2.09 trillion yen, as the novel coronavirus outbreak forces it to shutter hundreds of stores worldwide. The company also downgraded its full-year net profit forecast by […]
A beginner’s guide to online banking from home
The coronavirus pandemic has left many people unable to visit bank branches and access crucial financial services. Elderly and vulnerable people have been told to remain inside as much as possible, but these groups risk being cut off from their money as the crisis deepens. Most banks have cut opening […]
76 days in locked down Wuhan: Caixin reporters’ notebook
WUHAN, China — China’s central metropolis of Wuhan opened its doors to the outside world just after midnight Wednesday, ending a 76-day lockdown to contain the COVID-19 pandemic. A team of Caixin reporters — Gao Yu, Xiao Hui, Ding Gang and Bao Zhiming — stayed behind as the city was […]