News
Philippines’ URC posts P6.5b net income in H1
Philippines’ URC posts P6.5b net income in H1
This is lower compared to the same period last year.
Korea retail sales rises 9.3% in H1 2022
Offline and online retailers saw an 8.4% and 10.3% growth, respectively.
Prada posts over €180m net income in H1
This is despite seeing sales drop in its APAC business.
Australia retail sales rise 0.2% MoM in June
It is the smallest increase so far in 2022.
NIKE net income slips by 5% in Q4
Its sales were dragged by its Greater China market.
Love, Bonito opens flagship store in Hong Kong
The 2,000-square feet store is located in Central.
Carousell buys Indonesian electronics recommerce platform
They aim to extend the life cycle of electronic goods by making selling easier.
Central Retail targets over 20% sales volume hike in new store
It has recently launched Power Buy x B2S in western Bangkok.
Around 2 in 5 Hong Kong restaurants confident about F&B industry’s future
The performance satisfaction score of 6.4 is the highest posted in two and a half years.
LVMH posts 23% profit growth amidst CN business disruptions
Lower revenues were seen in Asia due to lockdowns in China.
Adidas revises 2022 outlook amidst ‘slower-than-expected’ recovery in Greater China
The company expects a double-digit decline rate during the rest of the year.
Chinese consumers buy more high-end imported products: report
They are buying mobile phones, appliances, and beauty products from international brands.
Weekly News Wrap: 7-Eleven cuts 880 jobs in the US; Daiso builds American footprint amidst inflation woes
And Malaysia-based restaurant operator delays its IPO again.
How J&T Express Singapore plugs the hole left by talent shortage
Upskilling and automation help the logistics firm stay afloat.
Alibaba, Pinduoduo amongst top 25 retailers globally
E-commerce platform JD.com also made it to GlobalData’s list.
Reliance Retail profit climbs over 100% in Q1
Its net profit stood at $261m.
Alibaba Group to apply for primary listing on HKEX
The listing process is expected to be completed before year-end.
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