APAC
Euromonitor International’s Quan Yao Peh discusses retail digitalisation and consumer trends in Asia-Pacific
Euromonitor International’s Quan Yao Peh discusses retail digitalisation and consumer trends in Asia-Pacific
He explored how digitalisation, evolving consumer expectations, and economic uncertainties are transforming retail in the APAC region.
Shein dominates global apparel market in 2024
Adidas also made a notable comeback in 2024.
Wearable tech market to reach $885.65b by 2033
Asia-Pacific is a key market, holding 30.1% of the global share.
Consumers drive demand for bold flavours, functional foods
In China, 40% actively seek new tastes.
RSM’s David Eu emphasises focussing on personalisation to build long-term loyalty
He discussed e-commerce integration strategies, the role of emerging tech, and collaboration in retail to stay ahead.
Estée Lauder, Startup India partner to boost beauty entrepreneurship
Estée Lauder will integrate Startup India’s platform and expertise into its BEAUTY&YOU India program.
Estée Lauder Companies partners with Adobe to streamline digital marketing with GenAI
It aims to simplify content production and increase efficiency.
Global fruit puree market to hit $10.1b by 2035
The rising demand for natural and healthy food products is driving growth.
Delivering seamless and personalised shopping experience with digital innovation
Naresh Vemuri of Fujitsu’s Uvance Solutions and Services discussed key trends and challenges for retailers in Asia Pacific and the importance of using technology to enhance customer experience and drive business growth.
Growth in sporting goods industry expected to slow until 2029
Despite this, McKinsey noted that there is also an increasingly active consumer segment.
Handbags outshine luxury market as top-performing asset in 2024
Fine art, wine and whisky were the weakest performers.
Shein partners with Transfar Chemicals to advance textile dyeing, finishing
It will digitalise dyeing processes.
Retailers told to use data to drive sales
The goal is to create a curated shopping experience that prevents stockouts.
Smart home market to hit $200.8b by 2028
Leading players include Amazon, Google, and Xiaomi.
Consumers demand human oversight amidst AI’s rapid expansion
Millennials are driving AI adoption.
Home textile retail market to grow by $74.7b by 2029
It is driven by product innovation and premiumisation
1 in 2 APAC retailers to adopt GenAI for product content by 2027
By 2026, 90% of retail solutions will incorporate AI.
Commentary
This 11.11, the real battle lies in shopper confidence – not the biggest discount