APAC
Ingka Investments completes acquisition of Ikano Bank
Ingka Investments completes acquisition of Ikano Bank
It is expected to strengthen IKEA's financial services portfolio.
Asia's retail sector thrives amidst e-commerce dominance
Sectors such as apparel, accessories, home décor, and furnishing showed signs of recovery.
Starbucks certifies over 6,000 Greener Stores globally
The initiative is also now extending into new markets such as India, Hong Kong, and Costa Rica.
Brands can rely on social media to prevent health misinformation: report
Around 58% of users buy products based on recommendations from medical professionals.
Nearly 7 in 10 SEA consumers prioritise essential purchases due to inflation
To cope with inflation, 69% are sticking to essential purchases, while 55% are cutting back on non-essentials.
1 in 2 shoppers plan to boost online shopping: Airwallex
Around 61% of consumers perceived international merchants as trustworthy.
Brady Brewer named Starbucks International CEO
He will oversee the teams in APAC, EMEA, Japan and LAC.
Around 7 in 10 Gen Zs in Southeast Asia prefer e-commerce
56% of social commerce platform visitors shifted to e-commerce to complete their purchases.
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.
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Awards
Nov
11
Event News
Inside Saigon Co.op's win at the Retail Asia Awards 2026
Thang Ngoc Nguyen, Deputy General Director at Saigon Co.
Commentary
How EV buyers in Asia are rewriting consumer trust and retail competition
If the AI agent doesn't know your brand, neither does your next customer