Estimated loss balloons a day after Hong Kong protesters smash the windows of its flagship over rumors of a Beijing-sympathizing founder.
The executive talks about getting creative to spur spending from Chinese shoppers ready for a return to normalcy.
The retailer sets the benchmark in lower-tier cities in China. Now, it takes aim at a different playing field with store plans in Shenzhen.
The customizable collection is paired with the drop of a new Bibi Zhou single ‘Dance’, an interactive quiz with the designer, and livestream.
Korelya, Vaultier7, Fidelity International funds and Cuir Invest have backed the resale platform, despite coronavirus jitters.
The contraction in retail sales improved in March — off by 15.8 percent — but clothing still down by 34.8 percent year-over-year.
Forty percent of retailers surveyed by the HKRMA said they would not be able to survive another four months under current conditions.
The initiative by Adrian Cheng will see 35 vending machines set up across Hong Kong at the end of the month.
The new team must work creatively around coronavirus challenges but the debut issue is on track for September.