Stores
Convenience stores go green in South Korea
Convenience stores go green in South Korea
Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.
Weekly News Wrap: Luxury stocks rally from China reopening; Australian retailers take hit from hesitant consumers
And JD.com to shut down Indonesia, Thailand shopping sites.
Retailers need to address inflation woes amidst sustainability push
There is pressure from investors, regulators, and consumers that compels companies to pursue sustainability.
H&M Singapore to close doors of ION Orchard store
This will take effect in March.
Customised, interactive experience key to attracting customers
Brands should offer personal touchpoints to customers, amongst others.
Nearly 3 of 4 Chinese shoppers willing to switch to more sustainable brands
This is more common amongst younger consumers.
Central Retail invests US$836m to drive sustainable growth
The company expects a US$8.065b (THB270b) revenue growth.
Luxury Business Group, WorldBridge partner to develop Cambodia’s retail sector
They will provide consulting services, amongst others.
Retail volumes in Australia dip by 0.2% in Q4
This breaks four consecutive months of growth.
SHEIN names new chair for Latin America office
Marcelo Claure will lead the company’s Latin American strategy and stakeholder affairs.
South Korea’s retail sales up 9.2% YoY in 2022
Both online and offline sales posted strong growth.
Japan’s kaintenzushi restaurant chains eye global expansion
This comes as the chain sees a slow domestic market demand.
Robinsons Retail posts 26.7% income growth in 2022
Its net income stood at P5.73b.
Lotte wins bid to operate in Australia's Melbourne Airport
Lotte Duty Free will open a duty-free store in the airport on 1 June.
Thom Browne to operate Korean business directly
A new company, Thom Browne Korea, will be formed.
Weekly News Wrap: Luxury giants bank on Chinese return; Apple starts hiring in Malaysia retail bid
And a Japanese whaling firm pins hopes on an ‘unmanned store’ to revive sales.
Steady global investor interest boosts India’s retail sector: report
The sector enjoyed robust growth from improved consumer confidence.
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1. Foodpanda automates ‘dark stores’ in Singapore to speed up deliveries 2. Indonesia e-commerce market to hit $46.6b by 2025 3. Tim Hortons launches packaged coffee in South Korea 4. Malaysian retailers told to prioritise technology, consumer-centric approaches 5. Unlock the power of AI in solving supply chain challenges with RELEX SolutionsResource Center
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Key strategies include embracing sustainability and exploring international markets.
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