Parkson Retail Asia Archives - Inside Retail Singapore
Parkson Retail Asia is embroiled in a legal stoush in Cambodia over a mall not completed on time.
Struggling department store operator Parkson Retail Asia has hinted it may close further stores as it posted yet another loss.
Vietnam operations continue to be at the bleeding edge of Parkson Retail Asia’s ongoing losses.
Parkson Retail Asia sales continue to fall, but the company is optimistic about reducing its losses this year.
Parkson Retail Asia warns it expects to finish its latest financial year with losses.
Parkson Retail Asia has managed a S$35 million profit for its latest fiscal year from a loss of $40.6 million.
Parkson Retail Asia sales in the third-quarter fell by 15.6 per cent to S$98.4 million (US$71.5 million).
With sales, earnings and revenue down, Parkson Retail Asia is investing in apparel, ‘edutainment’ and supermarkets.
Malaysia’s Parkson Holdings is to sell a 67.6 per cent stake in its Singapore-listed Parkson Retail Asia Ltd to its Hong Kong listed subsidiary Parkson Retail Group Ltd.
Parkson Retail Asia has reported a 24.6 per cent slump in net profit – largely attributed to new store establishment costs.
The Singapore-based department store operator has reported a second quart…