News

PDD profit sinks 12% in 2025 despite strong revenue

PDD profit sinks 12% in 2025 despite strong revenue

It was dragged by a significant surge in operating expenses and cost of revenues.

Travel rebound propels luggage market to $183b

Asia-Pacific dominated the market in 2025.

Premium fashion, seasonal collections boost designer apparel sales

E-commerce platforms are also further boosting accessibility.

Boucheron opens first flagship in China’s Shanghai

It is the brand’s third flagship worldwide.

Central Retail unifies food businesses under new CEO

Stephane Coum has been appointed as the CEO.

Grab to acquire Delivery Hero's Foodpanda Taiwan in $600m deal

Taiwan marks Grab’s first market outside Southeast Asia.

Amazon AU bets $750m on robotics to supercharge local delivery

The robotics centre will process over 125 million packages annually at full capacity.

Metro and Samsung partner to upgrade Paragon store

Twelve large-format Samsung digital displays installed across three floors.

L’Oréal targets Filipino consumers through digital strategy

Digital habits push personalised marketing in the Philippines.

Department of Trade and Industry targets retail skill gaps

Framework and GS1 standards aim to modernise the sector.

Happy Skin and BLK target value-fluid Filipino consumers

Routine-based marketing seen as key to revenue.

Japanese consumers shrug at AI beauty, market growth falters, Mintel says

Researchers identify a persuadable majority that values long-term results.

Rising costs and low consumer confidence damp fashion growth outlook for 2026

Emerging markets are offering growth opportunities, whilst mature markets expand slowly.

Australian retail faces rising costs as interest rates and oil prices rise

Retailers operate on tight margins amid cautious consumer spending.