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Here's why global apparel and footwear sales growth have slowed
Here's why global apparel and footwear sales growth have slowed
However, persistent inflation and supply chain disruptions continue to challenge the industry.
Gen Z's complex consumer behavior challenges businesses: Euromonitor
Whilst supporting social and environmental responsibility, Gen Z’s are reluctant to pay extra for these values, the report said.
Safilo and Marc Jacobs renew global eyewear licensing agreement
It extends the partnership for Marc Jacobs branded eyewear until December 2031.
IKEA launches AI literacy training for employees
This is part of its commitment to integrating AI technology whilst emphasizing human values.
Yum China aims to open 20,000 stores by 2026
It also plans to return at least $3b to shareholders from 2024 to 2026 through dividends and share repurchases.
How brands navigate conversational commerce
Their focus has shifted towards perfecting the end-to-end conversational journey.
Economic pressures spur secondhand market growth
Cost-conscious consumers drive a surge in pre-loved shopping.
F&B leads Asia Pacific retail activity
Sportswear and apparel followed closely as the second and third most active trades, respectively.
9 in 10 Singaporean marketers expect social media to reign in retail by 2024
Around 59% are now also using generative AI tools to create content that resonates more effectively with their audience.
JD.com invests $132.2m into video content creation
It aims to attract more creators and institutions to the platform.
E-commerce giants outshine Facebook in SG marketplace safety ratings
In 2023, Singapore reported 9,783 e-commerce scam cases.
Payment cards hold 40% share in Singapore's e-commerce
The market is expected to hit $23.6b at a CAGR of 9.1% by 2028.
HK’s retail leasing momentum slows as vacancy falls: report
All four core districts recorded single-digit vacancy rates for the first time since Q2 2018.
EssilorLuxottica seals acquisition of Washin Optical to expand optical retail presence in Japan
The group aims to boost the recognition of quality eyewear and eye care solutions amongst Japanese consumers.
AS Watson names Malina Ngai as Group CEO
She will now lead in defining the company's vision and formulating strategies to prioritise customer satisfaction and global growth.
JD.com and Lenovo partner to drive AI integration in PC market
It is expected to accelerate the adoption of AI PCs and expand smart device usage in homes.
Giordano shareholders vote to oust CEO
Around 66.07% voted in favour of his removal.
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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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Key strategies include embracing sustainability and exploring international markets.
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Digital giants to retailers: The playbook for scaling ad revenue with onsite retail media