News
Australian retail spending growth slows down to 2% YoY in 2023
Australian retail spending growth slows down to 2% YoY in 2023
Whilst traditional retail spending growth slowed, online retail increased in 2023.
India's light vehicle sales to hit record 4.9 million as economy grows
SUVs emerged as the driving force behind India's robust vehicle sales.
Around 4 in 5 Australian households embrace online shopping in 2023
About 9.5 million households made online purchases in 2023.
K-Beauty market to hit $13.9b by 2027
The Asia-Pacific region accounted for about 69.9% of the K-beauty products industry share.
Duravit unveils first flagship store in Vietnam
This is the brand’s first location in Southeast Asia.
Miniso hits record $89.8m Q4 2023 profit
Its revenue also achieves a record-high increase to $541m.
Malaysian Mall vacancy rates dip in previous quarter
Retail sector shows signs of resilience with improved vacancy rates and stable rents.
Philippines' URC profit down 12% YoY to $230.1m in 2023
The company attributed the decline to higher comparables from a land sale.
JD.com's net income surges 132.8% YoY to $3.4b in 2023
The company’s revenue reached $152.8b, up by 3.7% from 2022.
McDonald's global outage raises concerns over reliance on digital services: GlobalData
The report stressed the need for the restaurant industry to prioritise digital investment.
Levi’s revamps Kyoto store
It has a station that allows shoppers to customise their apparel with embroidery, patches, and more.
Remote simplifies global payroll with fintech solutions
Payroll systems that businesses use are outdated.
Cryptocurrencies enhance cross-border payments
Cryptocurrencies are revolutionising cross-border payments by addressing inefficiencies, costs, and security challenges.
AS Watson Group appoints Marionnaud Group’s new CEO, deputy CEO
Their appointment is effective starting April 2024.
What luxury retailers should focus on to attract consumers
Around 36% of Chinese consumers said product quality/durability is the most important.
Four ways to adapt to a highly competitive 2024 retail landscape
They need to boost in-store experiences and implement customer-centric features, amongst others.
KFC thrives on Vietnamese flavour fusion
Incorporating local flavours and digital innovation drives KFC's success in Vietnam.
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The festive season is a revenue moment – don't let friction or fraud derail it
All that glitters: Is luxury losing its shine, or finding a new one in Asia?