By Planet Retail2010-09-02T18:18:00+01:00
Matahari has recorded total gross sales of IDR3.18trn (£200m) in its first-half, with operating income and net earnings reaching IDR391bn (£300,000).
This solid sales performance is supported by 8.3% like-for-like sales growth from its department store business last year.
The owner of fashion giant Uniqlo has posted a spike in profitability as the retail recovery in China boosted its bottom line.
Asos has launched a bid to raise £500m to spearhead its global expansion drive.
The Covid-19 pandemic is magnifying the need for retailers to rethink how physical space is used in the future.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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