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IPPG and China Duty Free to open 3 duty-free outlets in Vietnam
IPPG and China Duty Free to open 3 duty-free outlets in Vietnam
This first store will open in Quang Ninh Province this year.
Ajinomoto Philippines switches to 100% renewables in manufacturing facility
It is achieved through the government’s Retail Competition and Open Access Programme.
Retail sales value rises 1.9% YoY in February
The total value stood at HK$33.8b.
VinFast opens first dealership in Indonesia
It is also planning for further expansion across major cities in 2024.
APAC foodservice spending hits $1.3b
Consumer foodservice spending in the region is projected to return to pre-COVID levels in 2024.
Jollibee's JWPL pledges $66.76m to Titan Fund II for F&B sector growth
It will hold a 90% stake in Titan Fund II.
Shein is world’s largest apparel retailer in 2023: GlobalData
The retailer’s gross merchandise value soared to approximately $45b last year.
Grown Alchemist opts for private ownership post L'OCCITANE exit
The brand is targeting international expansion, with a particular focus on North America and China.
APAC retailers urged to embrace entertainment-led strategies
Retailers are encouraged to transform their physical stores into entertainment hubs.
L'Occitane names Green Yip as new APAC managing director
Yip previously served for Estee Lauder as Vice President for Travel Retailing.
Fashion brands falling behind on decarbonisation targets
This is due to supply chain disruptions and demand management issues.
South Korea’s cosmetic exports surge 20% to $2.3b in Q1
It reflects the country's growing influence in the global beauty market.
Alibaba invests $4.8b in share repurchase program to boost shareholder returns
The group also acquired 1.249 billion ordinary shares, totaling $12.5b for fiscal year 2024.
Nearly 9 in 10 APAC consumers prioritise health and well-being
Over 50% are willing to boost out-of-pocket healthcare spending for improved outcomes, experiences, and efficiency.
Shopee remains leading online marketplace in Malaysia
Around 7 in 10 Shopee users in Southeast Asia spent 30 minutes a day using the app.
Half of global shoppers willing to pay return fees for international purchases
Gen Z demonstrated a 1.7 times higher likelihood of accepting fees compared to baby boomers.
Local flavours and natural remedies define trending Thai cuisine: Mintel
Around 3 in 5 Thai consumers prefer food with high nutritional content.
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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