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Who are the leading consumer segment in Southeast Asia?
Who are the leading consumer segment in Southeast Asia?
Bain & Company said businesses should review their ambitions in the region.
Around half of APAC consumers frequently order overseas online
Better quality products are the top driver for cross-border purchases.
About 9 in 10 APAC consumers abandon online carts over inflexible delivery options
Some want to have their items delivered to other places instead of their homes.
Lower price is key driver for cross-border purchases
Other reasons for cross-border transactions are better product quality, amongst others.
SEA consumers spend less but invest on new needs: report
Respondents see unstable economy and high cost of living as reasons to spend less.
South Korea’s KREAM acquires SNKRDUNK operator SODA
Integration of both fashion e-commerce platforms companies will dominate the APAC region.
Central Pattana to expand Central Park brand with $552.7m mixed-use development
The Dusit Central Park is projected to open in 2025.
Lazada, Seoul Business Agency partner to support Korean SMEs' growth
The SMEs will be first onboarded in Lazada Singapore.
InCity Chongqing opens in city’s tallest tower
The retail mall is home to over 200 brands.
Revamped H&M Singapore carries innovative facade design
According to RSP executive Khoo Teik Rong, the H&M flagship store uses i-Mesh fabric for a uniquely fashionable look day or night.
Changi Airport Group extends Shilla Travel Retail concession contract until March 2028
The Duty Store operates 22 outlets in Changi Airport.
JE Holdings and CPG buys more stake in Philippines’ Shakey’s Pizza
The total shares bought were 283 million.
Central Retail opens $35.2m Robinson Lifestyle, Department Store in Phuket
Its first phase opened on 20 September, whilst full service is expected by year-end.
Global e-commerce market to reach $9.3t by 2027
E-commerce transactions already hit $5.9t in 2022.
L’Oréal invests in China-based biotech company
This partnership will allow L’Oréal to solve the incompatibility and instability of raw materials.
Retailers need to leverage AI to enhance operational efficiency
As AI positively impacts industry with tailored offerings and streamlined processes, BCG’s Jason Moy warns retailers against late adoption of new tech.
SHEIN partners with SingPost for delivery in Singapore
Consumers may also have their parcels delivered to their letterboxes.
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