APAC

Three ways retailers can serve ‘budgeteers’

A budgeteer is someone who is not willing to spend more than necessary.

Experts on adopting ESG standards: Rebuild supply chain and business models, prioritise sustainable and ethical practices

As consumers become more conscious of ESG issues, companies must keep up with this shift by becoming "listening organisations" and focusing on ESG practices.

Starbucks to open 400 stores in APAC in 2023

Its newly-opened 5,000th store is located in Gwanyang-si, South Korea.

adidas sees US$746m loss in 2023

This is due to the “adverse impact” of the Yeezy write-off.

L’Oreal posts 6.6% sales growth in North Asia in 2022

Its sales amounted to €11.32b (US$12.07b). 

Retailers need to address inflation woes amidst sustainability push

There is pressure from investors, regulators, and consumers that compels companies to pursue sustainability.

These are the most used mobile shopping apps

This is based on the global active users between January and December 2022.

Millennials are more likely to engage with brands for product changes

55% would want to influence product innovation, Euromonitor found. 

Zebra Technologies, Amazon, Microsoft to explore the elements shaping omnichannel retail success in Asia Pacific

Key executives from tech giants to present at Retail Asia’s upcoming webinar on 27 February 2023.

Which markets have the most weekly online shoppers

The global average of internet users who buy online weekly is 57.8%.

This is how much renewable energy Amazon bought in 2022

Amazon set the record for the most RE purchased by a single company.

Weekly News Wrap: Luxury giants bank on Chinese return; Apple starts hiring in Malaysia retail bid

And a Japanese whaling firm pins hopes on an ‘unmanned store’ to revive sales.

LVMH profit up 23% YoY to $22.9b in 2022

Its revenue also hit a record EUR79.2b as its market in Asia remains stable.