APAC
Over 70% of consumers are willing to pay more for sustainable products
Over 70% of consumers are willing to pay more for sustainable products
But, most shoppers have not done so in practice.
Rising costs to drive secondhand fashion: report
The apparel resale market to grow 85.5% between 2022 and 2026.
Combating payment fraud in an increasingly digital world
The rise of digital payment channels has brought new opportunities for bad actors to target customers and businesses.
LexisNexis Risk Solutions webinar to highlight fraud prevention strategies for new payment channels
The retail industry is urged to counter fraudulent activities and develop strategies towards early detection.
Weekly News Wrap: Posh ice cream, smart appliance in vogue in China; Indian economy awaits shopping season boost
Reliance is in talks to acquire Germany-based Metro’s India business.
SHEIN launches resale platform
It is piloted in the US but is planned to be rolled out in other markets next year.
Diversifying supply sources needed to reduce business risk, says RSM partner
David pointed out how companies’ efforts to expand their social commerce space play a significant factor today.
IKEA franchisee Ikano Retail’s revenue up 41.2% YoY to S$1.63b in FY 2022
This is the first time it exceeded the EUR1b mark.
UNIQLO International operating profit rises 42% in 2022
Its Europe and US markets particularly saw a large improvement.
Saudi Arabia’s growing high-income market attracts luxury brands
Hermès recently expanded in the country.
Reshaping the retail market with self-service systems
The virtual fireside chat highlights the importance of the solution in improving customer experience amidst a highly digitalised retail industry.
Weekly News Wrap: New Shibuya awaits tourists to Japan; Naver buys US-based Poshmark in $1.2b deal
And India's Nykaa forges an alliance with Dubai's Apparel Group in the Gulf region.
Six in 10 Asian shoppers to spend more this holiday season
This is linked to the strong financial resilience in the market.
Retail Asia Awards opens nominations for outstanding retailers
Deadline of submission is on 24 March 2023.
France’s Lemaire launches e-commerce channel on Alibaba's platform
Its product offerings include its Fall/Winter 2022 collection.
Robotic process automation gains traction amongst retailers
Discussions amongst retailers grew 52% in 2022.
Shein plans to reduce GHG emissions by 25% by 2030
These include shifting to renewable energy and increasing energy efficiency.
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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