APAC
Coupang profit soars 42% YoY in Q1 2022
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.
Meeting halfway: Daraz juggles assortment and delivery speed
It won’t dive into quick commerce at the expense of its merchandise mix, says Daraz CEO.
Weekly News Wrap: Alibaba, JD.com stock exodus intensifies; 7-Eleven operator picks ex-Uber executive
And Future Retail’s secured lenders reject $3.4b asset sale to Reliance.
Weekly News Wrap: Lawson mulls supermarket chain IPO; GoTo soars 23% in market debut
And Zilingo suspends its CEO amidst a probe on its accounting practices.
Boosting retail business operations through innovative digital strategies and solutions
The people’s involvement is critical in every business’ digital transformation journey.
Fast Retailing profit grows 12.7% to ¥189.2b in H1 2022
The company also projected an 8.4% growth in 2022.
UNIQLO International poses ‘significant’ profit increase in H1 2022
It saw a nearly 50% increase in profit to ¥100.3b.
Social causes key in APAC marketing efforts
Around 60% of APAC marketers consider diversity and inclusion important to their organisations.
APAC marketers plan to increase ad spending by 34%
Social media is the top advertising platform for marketers.
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