APAC
7 trends that shape the retail industry
7 trends that shape the retail industry
Brands continue to set their footprint across channels, and are adopting AI and sustainability, amongst others, in their operations.
Shift to modern grocery consumption slows down
This trend, however, is not observed in Malaysia and Thailand.
New York-based Fresh2 Group acquires food e-commerce platform Youfood Group Inc.
The acquisition will help broaden Fresh2’s network over Asia and South America.
Nearly half of SHEIN users are unfamiliar of circularity, despite popularity
62% of respondents revealed to be using the same SHEIN items over 10 items.
IKEA uses AI-improved demand sensing technology for accurate customer data
Demand sensing has seen success in IKEA from its pilot in Norway last 2020.
Jollibee increases stake over Tim Ho Wan brand
Jollibee Worldwide’s participating interest grew to 92%.
The Body Shop becomes the first beauty brand with 100% vegan product formulations
All products have been certified by The Vegan Society.
Alibaba CEO Eddie Wu to lead Taobao and Tmall Group
Wu will also serve as head of Alibaba Cloud.
Authentic Brands to bring Boardriders business to Japan and Taiwan
Several known brands under Boardriders include Quiksilver, Billabong, Roxy and Element.
Global fashion retail sales to grow by 2% to 4% in 2024
Uncertainty remains over geopolitical, economic volatility and inflation concerns.
SHEIN customers prefer circularity in clothing choices
Reselling of clothes and secondhand items has become a reliable habit among SHEIN users.
AI poised to be the ‘ultimate marketing assistant’
It can help in content creation and other low-impact tasks.
Turning to a ‘mobile point of service’ vital for retailers
Sales staff should not be left behind when transforming their operations.
Omnichannel beauty brand Mōdere names Nate Frazier as President and COO
Mōdere products hold a presence in Australia, New Zealand, Japan, and India
Dubai-based investment firm buys SushiSamba
Shamal Holding had a 50% stake in the restaurant group before the acquisition.
Estée Lauder launches new Skin Longevity Initiative
Innovations in the brand led to the shift to skin longevity and age-reversal technology.
JD Logistics rolls out new express delivery in North America and Europe
The new international express delivery service will be available in 23 countries outside China.
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