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Philippines' URC net income surges 109% YoY to $465.4m in 2021
This is on the back of the sale of its Oceania business.
Philippines' URC net income surges 109% YoY to $465.4m in 2021
This is on the back of the sale of its Oceania business.
Asia’s retail experts to converge in Retail Asia Summit 2022
Notable speakers will lead various discussions in the two-day summit.
UNIQLO Japan same-store sales drop 14%YoY in February
Total sales, including online sales, also declined 11.4%
UNIQLO to pilot curated space for female shoppers in SG
The flagship store for women will be located at the ION Orchard store in Singapore.
Philippines-based SariSuki bags $7.1m in funding round
The company is aiming to build an e-grocery platform in the country.
JD-controlled JV pairs with CNSC to boost duty-free business
The JV with Lagardere Travel Retail also seeks to expand their duty-free operations.
Alibaba ramps up benefits for employees
Employees could have seven days paid family care leave per year.
Alibaba’s Ele.me sets aside $3.2m to cut commission on merchants
The subsidy allows reduced commission for covered merchants for at least 15 days.
Reliance invests majority stake in clothing brand Abraham & Thakore
The brand focuses on bringing a modern, unconventional take on Indian handlooms.
Weekly News Wrap: Amazon and Future Group agree to talks; Shopee exits France months after launch
And the founder of China’s Haidilao has stepped down as CEO.
Singaporean shoppers don’t skip ads: survey
Most shoppers click on ads and buy products, Criteo found.
AllDay rolls out first ‘smart carts’ in its Philippine stores
This gives consumers more autonomy in shopping in-store.
More than 60% of older consumers in SG still shop want in-store
This is even as more Singaporeans purchase in-app.
Consumer spending in Indonesia to see ‘solid growth’ in 2022
This comes as Indonesia further eases pandemic-related restrictions.
Zalora label enters Indian market in Myntra partnership
It will offer some 5,000 options on Myntra from its portfolio.
Cosmetics brand Etude House stops offline Singapore operations
The company will be operating in Singapore purely online.
JD Worldwide to bring over 100 European brands in one store
The company has tied up with UK-based Barclay Street to open an online flagship store.
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Global uncertainties influence Vietnamese consumer preferences
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Still, the country’s retail and e-commerce sectors continue to expand.
Still, the country’s retail and e-commerce sectors continue to expand.
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