APAC
Digital payments, fresh strategies, and recovery
Companies need to adapt to a new normal of business in order to survive, says Euromonitor senior consultant.
Digital payments, fresh strategies, and recovery
Companies need to adapt to a new normal of business in order to survive, says Euromonitor senior consultant.
Weekly News Wrap: Indian jewelers revive expansion plans; Shopee’s Sea exits India
And Domino’s Pizza China operator is filing for Hong Kong listing.
Demographic shifts boost APAC’s DIY home improvement retail market
But the lack of skilled professionals in the sector might hold back growth in coming years.
Foodpanda dedicates $35m to support communities, MSMEs in 2021
The platform has also committed funds in upskilling its delivery riders.
Weekly News Wrap: Russia turns to Chinese and Indian retailers; Alibaba’s shares rise 11% after raising share buyback program
And Indian lenders are set to start debt recovery proceedings against Future Retail.
Athleisure market to grow 25% by 2025: GlobalData
The market is expected to be valued at $551b by 2025.
Which APAC shoppers should businesses watch?
This includes digital streamliners, and social explorers, amongst others.
Around 7 in 10 Southeast Asian consumers see online shopping as “integral” part of life
The study also found that 60% welcomed online shopping in the last two years.
Weekly News Wrap: Chanel duels South Korean resellers; Dingdong apologizes over expired food products
And Indian beauty company Nykaa is eyeing physical retail expansion.
Prada APAC sales jump 29% YoY in 2021
The sales in the region reached around $1.3b.
Starbucks, Grab enter partnership for six Southeast Asian markets
These markets include Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam.
Weekly News Wrap: Fukushima’s F&B businesses woo back diners; Swire Pacific invests in retail-led projects in China
And Yum China’s shares dive amidst auditing dispute with US regulators.
JCCU launches emergency donations for Ukrainian children
Donations will be used partly to send relief to the crisis-hit Ukraine.
Which Southeast Asian companies made it to the Top 250 retailers?
These were from Thailand, Indonesia, Philippines, and Vietnam.
Around 60 APAC companies included in Top 250 retailers
China’s JD.com, Inc., which is the top company from the region, ranked 9th globally.
Brands are shifting to sustainable practices, EY exec Atul Chanda says
As a result of consumer demand and higher production costs.
UNIQLO temporarily suspends operations in Russia amidst conflict
The company also condemned all forms of aggression that violate human rights.
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Consumers’ growing disloyalty to brands requires stronger omnichannel strategies
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Retailers need to be present everywhere as a new breed of ‘zero consumers’ prefers to explore, says analyst.
Retailers need to be present everywhere as a new breed of ‘zero consumers’ prefers to explore, says analyst.
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