APAC

For every $100 spent, $2 goes to BNPL transactions in 2021.

And Reliance is mulling buying out bankruptcy-hit US cosmetics giant Revlon.

Brand values are important for cross-border shoppers.

Around 67% discover new products in-store, and 66% through mobile phones.

Around 94% of APAC consumers are keen on trying new brands during Mega Sale days.

E-commerce has exploded over the last few years, leaving many traditional retailers reeling from the need to rapidly adapt and accelerate their online offerings. Spurred along in large part by the pandemic, 2021 saw over 40 million new internet users in Southeast Asia, with eight in 10 of these new users having purchased something online at least once.

Amisha Jain will be the new senior vice president and managing director in the regions.

And Apollo-Reliance consortium makes a binding offer to Boots’ international arm.

Profit rose to HK$6.71b during the year ended March 2022.

Clothing or apparel and electronics were amongst the top items they want to purchase.

And Amazon shuts down its Kindle store in China.

The APAC luxury market will post a CAGR of 7.9% between 2022 to 2025.

The company saw transaction value grow by more than 20 times for its duty-free business.

This includes reducing GHG emissions in its operations.

Speakers at the Retail Asia Summit discussed their forecasts for the retail industry in the next two to five years.

Experts from Euromonitor International, Bain & Company, and other industry experts discussed the industry trends and forecasts at the Retail Asia Summit.