News

SG Singles’ Day online sales surge by 159% in 2023

SEA’s transactions also skyrocketed by 140%. 

lululemon opens largest store in Australia

It spans over 11,000 sq ft, featuring an expanded menswear collection.

Lazada launches GenAI-powered in-app features

Nine in 10 trusts and rely on AI for personalised recommendations. 

Nearly 90% of SEA consumers base purchase decisions on AI

Majority are also willing to pay for AI-enhanced shopping experience.

S'pore consumers plan to shop in holiday sales period

Nearly a quarter plan to shop via TikTok Shop, followed by other apps like Amazon and Grab.

Luxury F&B ventures risk diluting brand identity

Luxury fashion brands like Chanel and Dior are expanding beyond retail.

Lulu Retail eyes raising $1.43b through UAE maiden offering

This will be the country’s biggest IPO this year.

Starbucks Australia names Braeden Lord as new CEO

The appointment will be effective on 25 November. 

Birkenstock takes over direct distribution in South Korea

It will be via its newly launched online shop. 

M&M’s and Kate Spade launch candy-themed collection

The collection will be available on 1 November. 

Brands risk losing customers without seamless omnichannel marketing

Disconnected online and offline strategies could alienate consumers.

One-fourth of Japanese consumers opt for low-alcohol beverages

It is primarily observed amongst the younger generation.

Global retail sales projected to rebound in 2025

Challenges such as weak demand and inflationary pressures will continue to persist.

foodpanda and Fiserv launch e-commerce payments processor

It will first roll out in Singapore and Hong Kong. 

L’occitane launches botanical lab pop-up in Hainan, China

It has four distinct zones, each designed to engage the senses.

Australian retailers see 20% increase in Halloween sales

One in five Australians are gearing up to celebrate the spooky season.