Stores
JFC posts 26.4% net income growth in 2022
JFC posts 26.4% net income growth in 2022
The Philippine-based food chain also recorded a sales growth of 40.2%.
Baby food sales in Taiwan to grow despite birth rate decline
GlobalData projected it to expand between 3-4% annually.
LEGO Group expands manufacturing in Vietnam
It will also open a factory in the US state of Virginia.
Why shoppers still buy in-store
Some shoppers like seeing the product in-store before buying online.
Australian retailer Coles eyes Thailand’s health food and drinks market
Coles recently signed an agreement with Central Food Retail.
Giordano attributable net profit up 41.1% YoY in 2022
Its revenue rose 12.4% YoY to $481.1m
Seven & i to close 14 Ito-Yokado stores
It aims to focus its core strategy on food.
Kave Home enters SEA with Singapore flagship store
The store is located in Raffles City.
Most shoppers want to see products in-store before ordering online
61% of consumers in the Asia Pacific agreed to this, higher compared to Europe and the Americas.
Malaysian retailers urge government to withdraw luxury tax proposal
This could deter both foreign and local consumers from shopping in the country
Indians favour local over imported brands: Mintel
The support for local brands was driven by economic uncertainty and the climate crisis.
More than 70% of retailers plan to expand in 2023: CBRE
Around 15% plan to right-size.
Philippine-based hard discount store DALI bags $15m ADB investment
DALI is the first hard discount retail firm in the Philippines.
Central Retail’s expansion hinges on tourism-driven growth
Central Retail announced plans to invest US$826.6m in 2023.
Calbee’s expansion seeks to counter declining savory snack market in Japan: Analyst
Calbee plans to expand in China and North America.
Central Retail net profit up by over 2,600% in 2022
Its net profit amounted to THB7.605b (US$220m).
Philippines’ F&B firm Universal Robina posts 12% net income growth
Net income from continuing operations stood at P14.5b (US$263m).
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