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Weekly News Wrap: UK-based Ocado enters South Korea in Lotte deal; Reliance Retail in talks to enter salon business
And China-based Shein expands operations in the United States.
Weekly News Wrap: UK-based Ocado enters South Korea in Lotte deal; Reliance Retail in talks to enter salon business
And China-based Shein expands operations in the United States.
NTUC FairPrice to offset GST increase with discount offers
This will take effect in the first six months of 2023.
Indonesia’s Bukalapak reverses loss as net profit soars over 400% in 9M
Its income stood at IDR3.61t over the said period.
Philippines' Universal Robina net income drops to P9.7b in first nine months
This is even as its core net income grew 9%.
Central Retail forecasts 20% revenue growth in 2022
This will be supported by the stronger purchasing power of Thais.
Philippines’ Century Pacific Food posts 6% net income growth
Its net income stood at P4.2b (US$71.5m).
Single’s Day is the most extensive shopping event in SG: report
The event increased online retail sales by 223% in 2021.
Retail turnover in Australia inches up in September
It went up by 0.6%, the Australian Bureau of Statistics reported.
Partygoers are ditching suits and formal dresses
Only 25% prefer wearing formal attire at events.
Digital economy in Southeast Asia to grow 20% in 2022
The region’s GMV is expected to be at $200b.
Singaporean’s spending to slow down in 2023: report
Real household spending is expected to grow by 2.28%.
Over 70% of consumers are willing to pay more for sustainable products
But, most shoppers have not done so in practice.
What’s the ‘hottest’ investment country in Southeast Asia?
Its digital economy is expected to grow by 22% to $18b in 2022.
Rising costs to drive secondhand fashion: report
The apparel resale market to grow 85.5% between 2022 and 2026.
Around 200,000 more Australian consumers shopped online in H1 2022: report
Nearly 84% of consumers have used online shopping platforms in the past six months.
Australia’s e-commerce market to reach over $50b in 2022: report
The market is projected to grow by 13% during the quarter.
Alibaba’s market cap down by 30.3% in Q3
Its value stood at $212b.
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1. L'Occitane International announces $1.8b privatisation offer 2. Supermarkets lead growth in Vietnam’s evolving retail scene 3. Philippines’ SM Prime Holdings to open four new malls in 2024 4. JD.com launches ‘Trade-in Alliance for Household Appliances and Home Goods’ 5. 85% of A2000 retailers in Asia-Pacific to invest in GenAI by 2027Awards
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11