News

AI exposes discount waste as retailers dump mass promos

AI exposes discount waste as retailers dump mass promos

Personalised offers slash average discount rates to 13% while lifting total redemptions to 60%.

Yum China takes full control of Pizza Hut China in $1.2b acquisition

Plans to expand Pizza Hut to over 6,000 stores by 2028.

Frasers Group in $3.1b bid for Hugo Boss

UK house looking to grow current share from 26% to full ownership

ChillFill targets 3x growth in APAC frozen potato market

The manufacturer posted 50% annual growth across five APAC markets and is now expanding into value-added frozen product lines.

Retailers lose AI value as batch data delays real-time decisions

Inventory mismatches failed redemptions and fulfilment delays during peak sales trace back to disconnected retail data.

Super Garden targets APAC expansion with shelf-stable freeze dried ice cream

Dairy regulations pose the main hurdle as the Lithuanian firm builds on early sales in Japan and Korea.

Swiss firm replaces oil frying with steam at 80% less energy use

The technology cuts freeze-drying time from hours to minutes and returns dried products to their original state when rehydrated

Kim Chuan eyes Philippines, Vietnam, and Japan for bakery fat sales

The bakery fat and flavoured butter maker says finding the right exhibition channel remains its biggest barrier to APAC entry.

Freyabadi shifts to plant-based and natural flavours amidst APAC health demand

The Indonesian manufacturer runs three factories across two countries and is developing salted caramel and strawberry yogurt variants.

Nawhal's Sauces brings 50 Belgian sauce flavours to APAC retail

Nawhal's Sauces enters APAC with 11 packaging formats from single-serve sticks to 950ml bottles for retail and restaurants.

GS Retail builds private label and delivery to win younger shoppers

App data from sweet potato deliveries is now driving year-round product launches and customer acquisition in South Korea.

Retailers treat Asia as one market and miss local palates

Innova Market Insights flags protein gut health and functional beverages as top three trends reshaping Asian demand.

Foodpanda adds Sheng Siong for on-demand grocery delivery

Grocery order frequency on its platform has risen 7% since 2023. 

ASICS spins off Onitsuka Tiger into standalone unit

Regional operations will be reorganised under OT GROUP.

Kennedy Town gets retro concept store as Wellcome expands

Design uses Hong Kong tram culture as the store theme.

Ayala Malls expands PH footprint with 56,000-square-metre mall in Cebu

Marks the retailer’s first store in the Visayas region.

Hong Kong consumers cautious over autonomous AI purchases

Only 27% trust AI agents to make purchases without checking.