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Homeplus fined $2m for passing promotion costs to suppliers
Homeplus fined $2m for passing promotion costs to suppliers
Its supermarket unit had made its suppliers shoulder costs worth $1.42m.
South Korean retailers cut back on promotions
Department stores and malls have shut down promotional events due to quarantine protocols.
Zomato posts INR2.7b loss in Q3 2022
This is an improvement from INR3.1b loss in the previous quarter.
China dampens Pandora’s 2021 performance: report
And yet, the market remains high up Pandora's priorities.
Henkel to acquire Shiseido’s APAC Hair Professional business
Shiseido will retain 20% share in the Japanese entity to back business growth.
Taiwan lifts 11-year Japanese food import ban
They will adopt measures to ensure safety of the products and public health.
Malaysia’s wholesale, retail trade sales reach $310b in 2021
Wholesale and retail trade sales in December grew 3.5% YoY to $28.8b.
Apple opens newly expanded Abu Dhabi store
The store double its original size back when it launched in 2015.
Suntory Beverages to make 50% of its bottles from recycled materials
This is in line with its 2030 target to use 100% sustainable PET bottles.
JFC sets $347.4m capital expenditure for 2022
A portion will be used for their new stores and renovations.
Uniqlo Japan same-store sales slip by 7.1% in January
This was due to a lack of inventory of thermal clothing.
HappyFresh Supermarkets starts delivering groceries across Southeast Asia
It was launched in Indonesia, Malaysia, and Thailand.
Lunar New Year, Olympics drive JD.com’s sales growth
Turnover increased by over 50% year-on-year.
Central Retail eyes doubling revenue with THB100b investment
This is under its 5-year CRC Retailligence business strategy.
Online shopping in South Korea up nearly 16% in December 2021
Transactions stood at KRW18.41t, Statistics Korea reported.
KFC Singapore eyes 40% increase in breakfast sales in next 3 years
The fast-food chain will be increasing its ad spend to achieve this.
Vietnam’s retail sales recover after two years of 'underperformance'
The industry grew by 1.1% and 1.3% in November and December last year.
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