News

SHEIN names new chair for Latin America office

Marcelo Claure will lead the company’s Latin American strategy and stakeholder affairs. 

SHEIN names new chair for Latin America office

Marcelo Claure will lead the company’s Latin American strategy and stakeholder affairs. 

South Korea’s retail sales up 9.2% YoY in 2022

Both online and offline sales posted strong growth.

These are the most used mobile shopping apps

This is based on the global active users between January and December 2022.

Millennials are more likely to engage with brands for product changes

55% would want to influence product innovation, Euromonitor found. 

China captures luxury brands despite headwinds: report

The luxury retail market will likely grow 6.1% and 6% in 2023 and 2024, respectively. 

Japan’s kaintenzushi restaurant chains eye global expansion

This comes as the chain sees a slow domestic market demand. 

Lotte wins bid to operate in Australia's Melbourne Airport

Lotte Duty Free will open a duty-free store in the airport on 1 June.

Which markets have the most weekly online shoppers

The global average of internet users who buy online weekly is 57.8%.

This is how much renewable energy Amazon bought in 2022

Amazon set the record for the most RE purchased by a single company.

Thom Browne to operate Korean business directly

A new company, Thom Browne Korea, will be formed.

Weekly News Wrap: Luxury giants bank on Chinese return; Apple starts hiring in Malaysia retail bid

And a Japanese whaling firm pins hopes on an ‘unmanned store’ to revive sales.

Australia’s retail sales slip nearly 4% in December

This breaks 11 consecutive months of growth. 

Reliance Retail enters Indian footwear market with V Retail acquisition

V Retail operates 32 stores under the Center Style brand.

Beijing's retail market shows signs of steady development

Retail supply rose 16% in 2022 compared to last year.

BigBasket expected to expand customer base in offline entry

Consumers in India have continued to opt for offline stores.