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Weekly News Wrap: Russia turns to Chinese and Indian retailers; Alibaba’s shares rise 11% after raising share buyback program
Weekly News Wrap: Russia turns to Chinese and Indian retailers; Alibaba’s shares rise 11% after raising share buyback program
And Indian lenders are set to start debt recovery proceedings against Future Retail.
Korea Seven’s takeover of Ministop Korea clinches regulator approval
The approval is expected by the regulator to spur three-way competition in the market.
Tory Burch opens new store on JD’s platform
Three styles of its Kira bag in denim were first released in this store.
Taobao Deals launches 10-Yuan store
It has also unveiled a 100 store for higher-value products.
Sumimoto, BRG Group to open around 50 FujiMart stores in Vietnam by 2028
They plan to open five to 10 stores annually.
Una Brands, KlickBrands commit US$100m to South Korea’s e-commerce market
This could benefit profitable e-commerce brands in health, K-beauty, baby, and pets amongst others.
Tim Hortons’ mid-2022 launch in India is ‘well-timed’: GlobalData
The Canada-based restaurant chain will likely benefit from the resurgence of ‘out-of-home dining.’
Singapore Retailers Association elects Ernie Koh as new president
He will take over R Dhinakaran, who sat for three consecutive terms since 2016.
Thailand’s 2022 consumer spending recovery will be slow: Fitch
Spending is expected to return to pre-pandemic level by 2025.
AllHome expects increased footfall as the Philippines reopens economy
The company has observed many of its consumers are “revenge shopping” in its stores.
Athleisure market to grow 25% by 2025: GlobalData
The market is expected to be valued at $551b by 2025.
Which APAC shoppers should businesses watch?
This includes digital streamliners, and social explorers, amongst others.
H&M opens doors in Cambodia
H&M’s first store in the country is located at the AEON Mall.
Around 9 in 10 S’poreans shop more online: report
A total of 70% of shoppers consider online shopping as indispensable from their daily life.
Around 7 in 10 Southeast Asian consumers see online shopping as “integral” part of life
The study also found that 60% welcomed online shopping in the last two years.
Shopback offers new cashless payment feature in Singapore
Shopback Pay was soft-launched in January.
Japan’s Nitori Retail enters Singapore
Its first store in the Lion City will open on 31 March.
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1. Foodpanda automates ‘dark stores’ in Singapore to speed up deliveries 2. Indonesia e-commerce market to hit $46.6b by 2025 3. Tim Hortons launches packaged coffee in South Korea 4. Malaysian retailers told to prioritise technology, consumer-centric approaches 5. Unlock the power of AI in solving supply chain challenges with RELEX SolutionsResource Center
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