If Russia were allowed to host its scheduled events this year, such as the Formula 1 Russian Grand Prix and UEFA Champions League Final, it could have, to some extent, counteracted the lack of tourism demand created by the ongoing crisis.
The Covid-19 pandemic has dramatically impacted consumer behaviour since its emergence in late 2019. The surge in active Covid-19 cases last year forced governments all over the world to impose lockdowns and social distancing measures to curb the spread of the virus. The subsequent closure of schools, offices, and entertainment outlets forced adults and children alike to spend more time indoors.
Welcia-BHG Singapore, a joint venture of Japanese retailer Welcia Holdings and Chinese retailer Beijing Hualian Group, has announced plans to expand its store network and widen its portfolio of Japanese Beauty (J-Beauty) products in Singapore this year. The move is part of the company’s strategy to emerge from the lows of the pandemic, which triggered an economic upheaval and a seismic shift in consumer shopping behaviour.