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These are the most used mobile shopping apps
These are the most used mobile shopping apps
This is based on the global active users between January and December 2022.
Millennials are more likely to engage with brands for product changes
55% would want to influence product innovation, Euromonitor found.
China captures luxury brands despite headwinds: report
The luxury retail market will likely grow 6.1% and 6% in 2023 and 2024, respectively.
JD.com to shutdown e-commerce services in Thailand
This will take effect from 3 March 2023.
Japan’s kaintenzushi restaurant chains eye global expansion
This comes as the chain sees a slow domestic market demand.
Robinsons Retail posts 26.7% income growth in 2022
Its net income stood at P5.73b.
Lotte wins bid to operate in Australia's Melbourne Airport
Lotte Duty Free will open a duty-free store in the airport on 1 June.
Which markets have the most weekly online shoppers
The global average of internet users who buy online weekly is 57.8%.
This is how much renewable energy Amazon bought in 2022
Amazon set the record for the most RE purchased by a single company.
Thom Browne to operate Korean business directly
A new company, Thom Browne Korea, will be formed.
Weekly News Wrap: Luxury giants bank on Chinese return; Apple starts hiring in Malaysia retail bid
And a Japanese whaling firm pins hopes on an ‘unmanned store’ to revive sales.
Australia’s retail sales slip nearly 4% in December
This breaks 11 consecutive months of growth.
Reliance Retail enters Indian footwear market with V Retail acquisition
V Retail operates 32 stores under the Center Style brand.
Beijing's retail market shows signs of steady development
Retail supply rose 16% in 2022 compared to last year.
BigBasket expected to expand customer base in offline entry
Consumers in India have continued to opt for offline stores.
LVMH profit up 23% YoY to $22.9b in 2022
Its revenue also hit a record EUR79.2b as its market in Asia remains stable.
Reliance Retail acquires footwear firm V Retail
Reliance Retail’s net profit in Q3 FY2023 jumped 6.2%.
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He explores where the biggest value opportunities lie whilst emphasising the need to balance standardised scale with deliberate localisation across diverse markets.
