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Korea’s internet firm Naver acquires Poshmark
They plan to establish a global player in the online fashion re-commerce market.
Korea’s internet firm Naver acquires Poshmark
They plan to establish a global player in the online fashion re-commerce market.
Reliance Retail Ventures unit acquires 50% stake in beverage firm
The remaining stake in SHBPL will still be owned by the Hajoori Family.
Black Friday sales drive up Australia’s November retail turnover
Retail turnover climbed by 1.4% during the month.
Market Kurly operator postpones planned IPO
The company plans to push through with public listing ‘at an optimal moment.’
South Korea's department stores reduce VIP benefits
Analysts said VIP customers surged amidst a spike in luxury consumption.
Weekly News Wrap: As travel resumes, China’s luxury shoppers stay local; Challenging outlook for Hong Kong’s retail sector
And Apple begins hiring retail store staff in India.
L’Oréal invests in micro-printing startup
The company developed the L’Oreal Brow Magic with Prinker Korea.
Around 3 in 5 Malaysian e-commerce sellers optimistic for 2023
Sellers in the health and beauty category are the most optimistic.
Inflation, population woes could melt South Korea’s ice cream market
The market is projected to decline by 5.8% annually until 2026.
Retail industry to face uncertainties in 2023: analyst
Easing economic growth and tax hikes will affect retail transactions.
South Korea’s make-up market to surge by 5.5%
This will be driven by product innovation and rising online sales.
Higher spending bodes well for Thailand’s retail sector: report
Improvement in economic activity has boosted consumer confidence.
Weekly News Wrap: Most Chinese shoppers still cautious of going out; Singaporeans hit the malls before sales tax hike
And China pledges to step up financial support to the catering sector.
Alibaba names Wu Zeming as CTO in management reshuffle
He succeeded Li Cheng in the post immediately.
Australian make-up sector to grow 4.6% annually to 2026: GlobalData
The Australian per capita expenditure on make-up reached $15.2 in 2021.
Nearly 45% of consumers shop online for cheaper options
This was driven by uncertainties in the current economic condition.
Social commerce could add up to $42b to Southeast Asia’s e-commerce market
Social platforms will particular contribute $34b in 2022.
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Global uncertainties influence Vietnamese consumer preferences
![Global uncertainties influence Vietnamese consumer preferences]()
Still, the country’s retail and e-commerce sectors continue to expand.
Still, the country’s retail and e-commerce sectors continue to expand.
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