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AI poised to be the ‘ultimate marketing assistant’
AI poised to be the ‘ultimate marketing assistant’
It can help in content creation and other low-impact tasks.
Global fashion retail sales to grow by 2% to 4% in 2024
Uncertainty remains over geopolitical, economic volatility and inflation concerns.
SHEIN customers prefer circularity in clothing choices
Reselling of clothes and secondhand items has become a reliable habit among SHEIN users.
Coupang to acquire online luxury firm Farfetch
It will provide $500m capital to support Farfetch’s operations.
REP Fitness sets expansion in the Philippines through TheRack.Co
Demand for gym equipment and fitness items is growing in the Philippines.
Right technology for staff needed to drive sales revenue
Integration between online and offline experiences will only grow stronger in the coming years.
GOPIZZA lands as the third-leading, fastest-growing pizza chain in Singapore
The Korean pizza chain has expanded to 27 outlets.
Rakuten Seiyu Netsuper, Inc. to be become a subsidiary of Rakuten
Services under Rakuten Seiyu Netsuper will remain unaffected yet improved.
Wolverine Worldwide sells stake in China Merrell, Saucony JV
The sale is valued at $61m.
KFC India operator takes over Thailand operations
The acquisition involves over 274 KFC Thailand restaurants that employed over 4,500 workers.
Omnichannel beauty brand Mōdere names Nate Frazier as President and COO
Mōdere products hold a presence in Australia, New Zealand, Japan, and India
Coupang plans to acquire Farfetch Holdings
It will drive expansion to South Korea, the world’s highest spender in personal luxury goods.
Prada joins with SSI Group for expansion in the Philippines
The joint venture will take charge of the opening and management of Philippine Prada stores.
Dubai-based investment firm buys SushiSamba
Shamal Holding had a 50% stake in the restaurant group before the acquisition.
KFC reaches 10,000th store milestone in China
The iconic fast food chain has a strong 36 years of growth in the Chinese market.
COP28: Alibaba Group reveals green initiatives including using AI to reduce packaging materials
The e-commerce firm seeks to reduce packaging materials by 15%.
JD Worldwide begins “Bayern Selectives Pavilion” for cross-border e-commerce initiative
The initiative will bring Germany-based products to Chinese online consumers.
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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. Malaysian retailers told to prioritise technology, consumer-centric approaches 4. Amazon Australia launches ‘Amazon Beauty Finds’ storefront 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