APAC

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.

And India's Nykaa suffers from marketing, fuel costs balloon.

The average monthly ad spend per brand was $1,500.

This is the second market it entered in Latin America, following Mexico.

And Singapore-based Zilingo fires its CEO amidst a probe on “irregularities.”

Starbucks followed Mcdonald’s move to withdraw operations in Russia. 

93% of international buyers used online sourcing platforms during pandemic.

And fast-fashion retailer Shein is seeing a slowdown in growth.

Brands are adopting strategies to connect deeper with younger luxury consumers.