News
L’Oreal posts 6.6% sales growth in North Asia in 2022
L’Oreal posts 6.6% sales growth in North Asia in 2022
Its sales amounted to €11.32b (US$12.07b).
India-based Zomato ends Philippine operations
The company said it will still continue operating in India and the United Arab Emirates.
Convenience stores go green in South Korea
Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.
Weekly News Wrap: Luxury stocks rally from China reopening; Australian retailers take hit from hesitant consumers
And JD.com to shut down Indonesia, Thailand shopping sites.
FairPrice Group names 1st chief sustainability officer
Chan Teng See is tasked to drive the group's efforts towards sustainability.
Hong Kong retail sales to climb by 13% in 2023: report
It is projected to amount to HK$395b (approximately US$50.3b).
Retailers need to address inflation woes amidst sustainability push
There is pressure from investors, regulators, and consumers that compels companies to pursue sustainability.
Daraz to reduce employees by 11%
The company has to refocus its business following the challenges in the past 12 months.
JCube mall to stop operations on 7 August
Its site will be converted into a 40-storey residential development.
H&M Singapore to close doors of ION Orchard store
This will take effect in March.
Luxury sales in China to rebound to 2021 levels this year
This comes after the luxury market contracted in 2022.
China’s luxury market sees more ‘Very Important Clients’ despite 2022 contraction
VIC sales were higher than the 40% global average, Bain & Company reported.
China’s luxury market contracts by 10% in 2022
This is the first time the market shrunk in the last five years.
Customised, interactive experience key to attracting customers
Brands should offer personal touchpoints to customers, amongst others.
What could make shoppers switch to another luxury brand
Chinese consumers give emphasis on whether the brand is aligned with their identity.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years.
Central Retail invests US$836m to drive sustainable growth
The company expects a US$8.065b (THB270b) revenue growth.
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Retail Asia Awards 2025 Winner: Karen Chan of FairPrice Group
Karen Chan, Chief Customer Officer at FairPrice Group, shares how Link Rewards keeps benefits simple, visible, and valuable.
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From shoplifting to safety: How tech is empowering APAC’s retail workers