News

SHEIN buys UK-based retailer Missguided

Missguided products will become available on all SHEIN sites and platforms.

Central Food’s GO Wholesale opens in Srinakarin

The branch will include 20,000 items, including cooking ingredients, and fresh and dry foods.

Lotte Duty Free unveils 'first-in-airport retail experience' in Changi

It features a liquor-tasting tour, immersive LED art, and a tribute to poet Li Bai.

Thailand’s food business to repurpose excess food products into pet treats

Tops, which is under Central Retail, does this by partnering with a startup.

FairPrice Group commits $2.9m to help SMEs in cash flow and business survival

The funding programme benefits more than 500 SME suppliers in Singapore.

JD.com sees above ¥100m sales in first 5 minutes of ¥10b-discount programme

Its sales and user order volume were four times higher than 2022’s figures.

Macroeconomic uncertainty remains biggest challenge for retailers

The retail sector has been undergoing a significant transformation, particularly in the Asian markets where stores are integrating innovative designs and technology-driven features.

Skincare dominates luxury beauty market in Southeast Asia

The luxury beauty market in Southeast Asia and India is experiencing rapid growth, propelled by increasing GDP per capita and a surge in consumer interest in luxury brands.

Time on shopping apps to reach 26.6 billion hours due to holidays

Data.ai’s figures also showed that this is a 6% increase compared to the past quarter.

The majority of SEA consumers will go on a hybrid holiday shopping setup

A study showed that 81% choose mobile for their shopping purchase.

Food inflation concerning for South and Southeast Asia in 2024

El Niño will impact the production of rice, coffee, and cocoa.

How e-commerce starts a new chapter in Southeast Asia

The region will experience a market value of $211b and a growth rate of 22% by 2025.

Fashion supply may face shortfall from extreme weather: report

Several manufacturers may face a 22% shortfall, missing out on US$65 billion in export earnings.

How APAC retailers can prepare for high foot traffic during the holidays

Seasonal hiring, labour optimisation, and inventory management are huge factors for a retailer’s success during loaded shopping periods.

Value over money matters for consumers: Mintel

Consumers are willing to increase spending for more quality products

Consumers seek human connections amidst growing AI adoption: report

Brands will seek out unique human elements as a contrast to faceless algorithms.