News
Esprit suffers $298.9m net loss for FY2023 amidst challenging economic environment
Esprit suffers $298.9m net loss for FY2023 amidst challenging economic environment
The group's total revenue was down 16% YoY to $7.6m.
Jollibee invests $28m in beverage firm Botrista
The investment aligns with its goal of tapping into the growing market for beverages globally.
Around 9 in 10 APAC retail CIOs plan to invest in GenAI
Challenges in GenAI adoption include cybersecurity and privacy.
JD Super and Quinta do Noval partner to bring premium Portuguese wines to China
It will expand the selection of Portuguese wines on JD Super’s platform.
Ingka Investments completes acquisition of Ikano Bank
It is expected to strengthen IKEA's financial services portfolio.
GOPIZZA to expand to over 200 outlets in South Korea
It will be launching in partnership with the convenience store brand GS25.
Central Department Store invests $109.38m to transform Central Chidlom into a luxury department store
Central Chidlom is projected to open in December this year.
Venturi Partners invests $25m in DALI Discount for Philippine expansion
It is Venturi Partners’ second Philippine investment after Pickup Coffee.
Slow sales drag retail property market although leasing rates “strong”
Structural change and shifts in visitors are some challenges the market may face.
Fast Retailing warns on phishing scam targeting UNIQLO customers
It deceives individuals into disclosing personal information or making monetary transfers.
JD Super partners with leading F&B brands to form Healthy Food Industry Alliance
The alliance involves over a hundred renowned brands in the F&B sector.
Asia's retail sector thrives amidst e-commerce dominance
Sectors such as apparel, accessories, home décor, and furnishing showed signs of recovery.
Manolo Blahnik Group joins forces with Bluebell Group for Hong Kong launch
It is one of the many partnerships between both fashion entities.
Premium skincare brand Medipledge launches in Australia
The brand specialises in post-laser skin barrier restoration, especially for Asian skin.
Starbucks certifies over 6,000 Greener Stores globally
The initiative is also now extending into new markets such as India, Hong Kong, and Costa Rica.
Brands can rely on social media to prevent health misinformation: report
Around 58% of users buy products based on recommendations from medical professionals.
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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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Digital giants to retailers: The playbook for scaling ad revenue with onsite retail media