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Nearly 45% of consumers shop online for cheaper options
Nearly 45% of consumers shop online for cheaper options
This was driven by uncertainties in the current economic condition.
Australian make-up sector to grow 4.6% annually to 2026: GlobalData
The Australian per capita expenditure on make-up reached $15.2 in 2021.
Why consumers are spending less on promotional events
The discount they get do not match their expectations.
Luxury market’s last quarter growth hinges on China’s reopening
It will also be boosted by consumer confidence in Europe and America.
Around 6 in 10 AMEA consumers expect sustainability in online shopping
They are interested in sustainability as much as they are in delivery speed.
Payment cards account for nearly 35% of e-commerce sales in Saudi Arabia
Saudi Arabia’s e-commerce market grew 18%.
Around 7 in 10 SEA consumers wait for online sale seasons
The “deal-hunting” behaviour can be seen more in Singapore, Malaysia and Indonesia.
Have a holly jolly holiday!
Retail Asia will be back on 9 January 2023.
Carousell cuts 10% of total headcount
A total of 110 roles were laid off.
Weekly News Wrap: Cautious travelers hit China's consumer sector; Shein sets aside $15m on factory upgrades
And a top Xiaomi India executive resigns as challenges mount.
South Korean retailers offer low-price cakes ahead of Christmas
Some are providing discount benefits for pre-orders.
Weekly News Wrap: Lockdowns boost Pinduoduo’s Q3 revenues; Ex-Flipkart exec’s startup bags $5.8m in seed funding
And UK-based online fashion retailer Boohoo expands to India.
ASICS acquires race registration platform njuko
It will now offer race registration services globally.
India’s online marketplaces to reach $350b in GMV by 2027
The country’s online marketplaces have contributed over $100b in GMV so far.
Shein reduces water use in new printing technology
It also accelerates the efficiency of printing.
Luk Fook Group’s net profit inches up by 0.6%
The company’s net profit stood at HK$658m in the six months ending in September.
Wider economic recovery to drive India’s consumer spending growth
Consumer spending is expected to grow by 7.1% year-on-year in 2023.
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Key strategies include embracing sustainability and exploring international markets.
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Digital giants to retailers: The playbook for scaling ad revenue with onsite retail media