APAC
Miu Miu is hottest fashion brand in 2023
Miu Miu is hottest fashion brand in 2023
The report released by The Lyst Index names the top fashion brands and products.
What encourages online shoppers to trust more in cross-border stores?
Using their own currency is what compels online users to shop in cross-border stores.
Around half of APAC consumers frequently order overseas online
Better quality products are the top driver for cross-border purchases.
About 9 in 10 APAC consumers abandon online carts over inflexible delivery options
Some want to have their items delivered to other places instead of their homes.
Lower price is key driver for cross-border purchases
Other reasons for cross-border transactions are better product quality, amongst others.
SEA consumers spend less but invest on new needs: report
Respondents see unstable economy and high cost of living as reasons to spend less.
South Korea’s KREAM acquires SNKRDUNK operator SODA
Integration of both fashion e-commerce platforms companies will dominate the APAC region.
Global e-commerce market to reach $9.3t by 2027
E-commerce transactions already hit $5.9t in 2022.
Why APAC consumers make impulse purchases
Sales or deals, and “mood-boosting” items compel consumers to buy.
Around 3 in 5 APAC consumers prefer shopping online
Free delivery, and coupons and discounts were amongst the top purchase drivers.
When nostalgia hits: APAC F&B brands bank on ‘throwback marketing’
About 3 in 5 consumers are influenced by how familiar products and services feel.
Asian food makers expand functional offerings to bakery and savoury snacks
The bakery and cereals market is valued at US$2.4b.
Shiseido launches Inner Beauty Business
The company will launch the Shiseido Beauty Wellness brand in February 2024.
What consumers prioritise in premium haircare products purchase
This includes the ingredients, price, and personalised experience, amongst others.
L’Oréal names China CEO, North Asia Zone president
Vincent Boinay’s appointment will be effective in February 2024.
SHEIN invests $85m more under evoluSHEIN Roadmap
The additional fund will support its efforts for community empowerment globally.
Former Starbucks CEO retires from board
Howard Schultz stepped down as CEO in March.
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They also cited the need to balance digital and physical retail.
Commentary
Unwrapping the psychology behind festive snacking in Southeast Asia