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Macroeconomic uncertainty remains biggest challenge for retailers
Macroeconomic uncertainty remains biggest challenge for retailers
The retail sector has been undergoing a significant transformation, particularly in the Asian markets where stores are integrating innovative designs and technology-driven features.
Skincare dominates luxury beauty market in Southeast Asia
The luxury beauty market in Southeast Asia and India is experiencing rapid growth, propelled by increasing GDP per capita and a surge in consumer interest in luxury brands.
Time on shopping apps to reach 26.6 billion hours due to holidays
Data.ai’s figures also showed that this is a 6% increase compared to the past quarter.
The majority of SEA consumers will go on a hybrid holiday shopping setup
A study showed that 81% choose mobile for their shopping purchase.
Food inflation concerning for South and Southeast Asia in 2024
El Niño will impact the production of rice, coffee, and cocoa.
How e-commerce starts a new chapter in Southeast Asia
The region will experience a market value of $211b and a growth rate of 22% by 2025.
Fashion supply may face shortfall from extreme weather: report
Several manufacturers may face a 22% shortfall, missing out on US$65 billion in export earnings.
How APAC retailers can prepare for high foot traffic during the holidays
Seasonal hiring, labour optimisation, and inventory management are huge factors for a retailer’s success during loaded shopping periods.
Value over money matters for consumers: Mintel
Consumers are willing to increase spending for more quality products
Consumers seek human connections amidst growing AI adoption: report
Brands will seek out unique human elements as a contrast to faceless algorithms.
Taiwan’s PopChill acquires US$1.9m investment for Hong Kong expansion
The luxury platform sustains a 10% growth every month, with volume surpassing $1m.
Lazada launches sustainability training to Indonesian retailers
Lazada's logistics business unit invited over 30 retailers for the six-month course.
Thailand’s Tanachira Retail debuts on Thai stock exchange
Its net profit reached US$1.95m in H1 2023, up 88.14% from last year.
Southeast Asia, India are ‘next gold rush’ for luxury beauty brands
The luxury beauty markets in the markets will reach $7.6b by 2026.
Around 2 in 5 APAC consumers always use social media for inspiration, purchases
Consumers from China and Thailand lead the regular social media use for transactions.
Travel retail recovery possible despite 29% average spend drop in 2022
Passenger volumes saw a marginal improvement by 75% of 2019 levels.
Relationship Renaissance: Consumers want new intimacy forms
Brands can help consumers in finding points for connection.
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Retailers are shifting towards emotional engagement and omnichannel experiences to retain customers.
Commentary
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