News

India’s Big Bazaar maintains lead with boost from young shoppers, online investments 

GlobalData reported that 59% of Indian consumers shop at Big Bazaar.
1 hour ago

India’s Big Bazaar maintains lead with boost from young shoppers, online investments 

GlobalData reported that 59% of Indian consumers shop at Big Bazaar.
1 hour ago

Coupang profit soars 42% YoY in Q1 2022

Its revenue rose 22% YoY, whilst its losses improved by 29% YoY.
1 day ago

Shakey’s PIZZA more than doubles net income to P76m in Q1 

This was driven in part by a strong resurgence of dine-in sales.
1 day ago

Carousell to acquire Singapore’s Refash

The acquisition will simplify the selling process for time-starved users.
1 day ago

Adidas, Foot Locker enter strategic partnership

They target retail sales to exceed $2b by 2025 under the partnership.
3 days ago

Central Retail Corporation net profit soars 189% YoY in Q1 2022

Its sales exceeded targets and were up by 16%.
4 days ago

JFC net income skyrockets to $43.9m in Q1 2022

The increase from $2.9m in Q1 2021 is backed by property transfer and sales.
4 days ago

MPPA sales grow 9.2% amidst social restrictions and scarcity of cooking oil

PT Matahari Putra Prima Tbk. (MPPA) recorded total sales of IDR1.69t ($112.41m) in the first quarter of 2022.
4 days ago

Subway, Pegacorn ink agreement for expansion in Peninsular Malaysia

Around 500 Subway stores will be opened under the master franchise agreement.
6 days ago

LVMH’s Celine launches flagship store on JD

The luxury fashion brand is showcasing its 520 capsule handbag series on the store.
6 days ago

Nike’s Singapore and Malaysia outlets now owned by GMG

The new operator has expressed plans to expand their footprint in Asia.
6 days ago

Reliance picked as official retailer of Tod’s S.p.A.

The company will be a franchisee of the shoemaker brand across all categories.
6 days ago

7-Eleven Hong Kong launches bags with Peanuts characters

The bag was designed by Japanese denim label FDMTL.
6 days ago

Weekly News Wrap: Thai army boycotts Lazada; Tax, input costs hit Reliance’s profits

And Indian grocery startup Zepto raises $200m in fresh funding.
6 days ago

Philippines’ SMFB income inches up by 1%YoY in Q1 2022

Its revenue rose 9% YoY due to volume growth and better pricing.

Hong Kong retail sales drop 13.8% YoY in March

Local epidemic situation dampened consumption confidence

South Korea’s Genesis BBQ opens six shops in US

The fried chicken chain now has 150 shops in 19 states in the country.