News
Hong Kong's retail sales slip 24.8% in June
The decline softened as the local epidemic abated during the month.
Sheng Siong's profits soared 98% to $54.41m in H1
The company saw elevated consumer demand in Q2.
Dairy Farm's profits dropped 35% to $115m in H1
Its health and beauty business suffered partly from lack of tourists in Hong Kong.
Influencers offer lucrative channel for China's FMCGs: report
Brands linked to comfort or cleanliness are best placed to benefit from Wanghong.
Weekly News Wrap: Chinese firms tap e-commerce platforms; Japan's retailers turn to digital tools
And India’s Reliance Industries looks to buy Future Group’s retail operations for $3.6b.
Japanese buyers favour cheaper, casual apparel: report
Shimamura is best placed to enjoy this trend.
Four in five Chinese customers ramp up online shopping amidst the pandemic
A mobile in-app tracking could drive further sales during peak shopping season.
Great Singapore Sale goes online on 9 September
It will offer various deals across retail, F&B, attractions and hotels.
Luk Fook's same store sales plunged 71% in Q1
They are planning to close five shops in Hong Kong.
Shopee adds JCB International as new payment option
They will offer year-round and seasonal discounts.
Weekly News Wrap: Asian vendors hawk wares in social media; China's consumption remains robust
And robot clocks in for Japan’s convenience stores.
RedMart rolls out two new delivery services
This aims to provide greater flexibility to customers.
Itochu eyes $5.4b FamilyMart Japan buyout
It might bring agricultural producer associations as minority stakeholders.
Global clothing brands pull out from China market
Foreign brands who are unable to adapt to the local market struggle more.
FairPrice Finest air in-store radio programme
It will serve as a platform for FairPrice and its brands to put out announcements.
Gome App launches 20,000 goods from JD Super
The products will be promoted through live-streaming.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. ZALORA ramps up sustainability amidst rising demand for eco-products 2. Alternative payments dominate Hong Kong's e-commerce in 2023 3. MINISO enhances employee welfare and environmental initiatives in 2023 4. Malaysia's e-commerce market to grow by 12.8% in 2024 5. Two reasons why Zalora’s fulfilment centre skipped futurismAwards
Jun
11