APAC
Asia Pacific and MEA witness rising secondhand spending as sustainability trend grows
Asia Pacific and MEA witness rising secondhand spending as sustainability trend grows
At the forefront are India, China, and Saudi Arabia.
Around 1 in 4 consumers embrace secondhand trend for sustainability
Around 41% are choosing to repair broken items rather than splurging on new replacements.
K-Beauty market to hit $13.9b by 2027
The Asia-Pacific region accounted for about 69.9% of the K-beauty products industry share.
Miniso hits record $89.8m Q4 2023 profit
Its revenue also achieves a record-high increase to $541m.
Established brands in APAC remain resilient amidst emerging competition: report
Incumbent brands remained steady at 28% and won in 27% of the categories against insurgent brands.
McDonald's global outage raises concerns over reliance on digital services: GlobalData
The report stressed the need for the restaurant industry to prioritise digital investment.
AS Watson Group appoints Marionnaud Group’s new CEO, deputy CEO
Their appointment is effective starting April 2024.
What luxury retailers should focus on to attract consumers
Around 36% of Chinese consumers said product quality/durability is the most important.
Four ways to adapt to a highly competitive 2024 retail landscape
They need to boost in-store experiences and implement customer-centric features, amongst others.
Women’s Health in APAC: Achieving optimal wellness through nutrition
Women are increasingly prioritising their health and embracing holistic, long-term solutions and trends to take charge of their wellbeing.
How private labels transform public perception into profit
Around 90% of buyers reveal that they are choosing private-label products.
Use of digital wallets for e-commerce purchases to rise at 12% CAGR until 2026
China leads digital payments in APAC.
Why trust in AI crucial for F&B industry transformation
Some brands are now turning to innovative AI techniques in food creation.
Sustainability, technology advancements reshape packaging industry: report
The industry is evolving with a growing emphasis on sustainability and the integration of smart technologies.
E-commerce to account for 24% of retail sales by 2027
China, Indonesia, India, Malaysia, Vietnam and Thailand will boost the growth.
EssilorLuxottica, Dolce&Gabbana extend distribution deal
The renewed deal lasts from 1 January 2024 to 31 December 2039.
AS Watson is first health and beauty retailer signatory under UN Women initative
The Women's Empowerment Principles aims to foster gender equity and women's empowerment.
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