APAC
Apparel, accessories sector rebounds in FY2021
The sector’s total revenue was up 31.3% YoY.
60 APAC firms amongst Top 250 Global retailers: Deloitte
China’s JD.com is the top retailer in the region, ranking 7th globally.
L’Oreal invests in biotech for sustainable beauty
This is to include more plant-based ingredients in their beauty products.
adidas’ Greater China market posts revenue decline
Its revenue from the market dropped by 36% in 2022.
Prada sees 2% sales decline in APAC in 2022
Retail sales stood at €1.23m (US$1.30b).
Why shoppers still buy in-store
Some shoppers like seeing the product in-store before buying online.
Inflation offers an ‘excellent opportunity’ to reset promotional strategies: KPMG
Retailers can turn the current economic challenges into an opportunity to refocus their communications with customers, KPMG’s Anson Bailey says.
RSM Partner David Eu advises retailers to create desired shopping environments using tech
Eu said retailers and F&B operators can tailor their environment to the consumers’ expectations.
These are the top social media platforms used by APAC marketers
Around 60% of marketers view social media as more important for their organisations.
Over 70% of consumers at risk of falling victim to digital fraud
This includes emails that offer free gifts and exclusive deals.
Addressing supply chain pain points will form a new source of competitiveness, says PwC leader
Michael Cheng observed that localisation, digitisation, and the circular economy would become major themes for supply chain innovation.
Most shoppers want to see products in-store before ordering online
61% of consumers in the Asia Pacific agreed to this, higher compared to Europe and the Americas.
More than 70% of retailers plan to expand in 2023: CBRE
Around 15% plan to right-size.
Women expect ‘lifestyle-centric’ menstrual products
This pushes brands to highlight comfort and health in menstrual care.
Weekly News Wrap: Alibaba cut 19,000 employees last year; Woolworths attributes in-home dining boom to inflation
And US-based retailer Foot Locker is in talks with Metro Brands for India entry.
Industry leaders from Amazon, Microsoft and Zebra Technologies weigh in on the tech trends impacting the future of retail
With the fast-changing environment of digitalisation and customer demands, retailers must find new ways to evolve alongside technological trends to remain competitive.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. Here are key consumer trends influencing pet care sales in 2024 2. South Korea’s Paris Baguette opens first Philippine store 3. ZALORA ramps up sustainability amidst rising demand for eco-products 4. Alternative payments dominate Hong Kong's e-commerce in 2023 5. MINISO enhances employee welfare and environmental initiatives in 2023Awards
Jun
11