APAC
Weekly News Wrap: Australian retailers get holiday boost; Rakuten prepares to list securities unit
Weekly News Wrap: Australian retailers get holiday boost; Rakuten prepares to list securities unit
And India's Nykaa suffers from marketing, fuel costs balloon.
APAC social media ad spend up 8% YoY in Q1 2022
The average monthly ad spend per brand was $1,500.
J&T Express expands network to Brazil
This is the second market it entered in Latin America, following Mexico.
Weekly News Wrap: Big luxury brands fret over China lockdowns; Sea surges after higher-than-expected gaming sales
And Singapore-based Zilingo fires its CEO amidst a probe on “irregularities.”
Starbucks’ Russia exit opens expansion opportunities in Asia: report
Starbucks followed Mcdonald’s move to withdraw operations in Russia.
HKTDC’s latest survey reveals hybrid fairs lead the future of sourcing
93% of international buyers used online sourcing platforms during pandemic.
Weekly News Wrap: Luxury brands navigate Shanghai lockdown; Amazon slams Reliance takeover of Future stores
And fast-fashion retailer Shein is seeing a slowdown in growth.
Youth consumers drive APAC’s luxury retail market: report
Brands are adopting strategies to connect deeper with younger luxury consumers.
Coupang profit soars 42% YoY in Q1 2022
Its revenue rose 22% YoY, whilst its losses improved by 29% YoY.
Adidas, Foot Locker enter strategic partnership
They target retail sales to exceed $2b by 2025 under the partnership.
Weekly News Wrap: Thai army boycotts Lazada; Tax, input costs hit Reliance’s profits
And Indian grocery startup Zepto raises $200m in fresh funding.
APAC’s Q1 retail growth momentum dragged by movement restrictions anew
Greater China was the most affected due to strict lockdowns.
Comfortable office furniture doesn’t have to cost ‘silly money’: ErgoTune and EverDesk+
The Singapore brands brought ergonomic chairs and desks to overseas markets with prices starting at $399 and $599, respectively.
South Korea’s Genesis BBQ opens six shops in US
The fried chicken chain now has 150 shops in 19 states in the country.
Shein launches new purpose-driven collection
The “evoluSHEIN” line offers sustainable products supporting a women’s nonprofit.
Weekly News Wrap: Panic buying seen in Beijing stores; Billionaire takes on India’s retail giants with new e-commerce platform
And investigators raid Amazon, Flipkart’s top sellers for data, and documents.
APAC to drive over $60b global airport retail market: report
This will be driven by an increase in retail space, and rising passenger numbers amongst others.
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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