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Hong Kong is still the most expensive APAC retail destination, ranks 3rd globally
Hong Kong is still the most expensive APAC retail destination, ranks 3rd globally
It slipped to the third spot from second place in the global ranking in 2022.
MUJI reopens Plaza Singapura outlet as the largest flagship store in Southeast Asia
The new expansion will feature over 15 departments and more than 3,000 items.
GPT considered as helpful for consumers’ decision making
There is an increasing reliance on AI for consumer purchase decisions.
High youth population to boost developing Asia’s mass-market household goods sector
The sector will also be supported by the stable income growth in the region.
Lazada launches Lazada Sustainability Academy
The training programme is part of Lazada’s ESG goals for sustainable transformation.
McDonald’s to buy Carlyle share in McDonald's China
This will increase its shares in McDonald's China to 48%.
Aboitiz Equity, Coca-Cola Europacific to acquire Philippines’ Coca-Cola distributor
The transaction is targeted to be completed in the first quarter of 2024.
How brands could play a role in Gen X’s journey to a healthy lifestyle
The older generation is focusing on achieving an extended health span.
Robinsons Retail acquires Rose Pharmacy
Rose Pharmacy gained $144.3m in net sales for the first nine months of 2023.
'Delightful distractions' and 'value hackers' amongst top 2024 consumer trends: report
Euromonitor International said AI and sustainability initiatives will continue to trend next year.
Cashback and rebates boost Black Friday shoppers' purchasing decisions
Other motivators of shoppers are early access deals (30%) and flash sales (53%).
Singles Day is top shopping season with 139% sales growth
Singapore, Malaysia, and Thailand saw the largest spike in Southeast Asia.
L’Oréal introduces new Beauty Tech features
All four offerings present the theme “beauty for all, beauty for each."
Baijiu sales growth in China propelled by banquet demand
The distributors’ average advance payments grew by 7% YoY in Q3 2023.
Rakuten partners with OpenAI to offer AI-enhanced feature for consumers and businesses
The AI-enhanced feature will assist professionals in marketing, sales, and customer service.
SMEs gain edge in tech-driven retail vs larger corps
Smaller businesses leverage technology for enhanced efficiency and customer experience.
Online retailers told to prepare for cyberattack surge during year-end shopping
An EY cybersecurity expert advised e-commerce platforms to reevaluate security controls.
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Digital giants to retailers: The playbook for scaling ad revenue with onsite retail media