Stores
Malaysian retailers urge government to withdraw luxury tax proposal
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).
Tim Hortons, Marubeni partner to tap Southeast Asia’s growing coffee culture
It plans to launch its cafes across Singapore, Malaysia, and Indonesia.
Women expect ‘lifestyle-centric’ menstrual products
This pushes brands to highlight comfort and health in menstrual care.
DFI Retail Group disposes food businesses in Malaysia
The company wants to focus on expanding its health and beauty business.
Weekly News Wrap: Alibaba cut 19,000 employees last year; Woolworths attributes in-home dining boom to inflation
And US-based retailer Foot Locker is in talks with Metro Brands for India entry.
Online sales drive South Korea’s 4% retail growth in January
The country’s offline sales dipped by 0.5%.
Australia’s retail sales rebound by 1.9% in January
This followed a 4% decline in December.
South Korean restaurants feel the pinch of surging delivery costs
Higher demand for food delivery workers has ramped up the cost of labour in the industry.
Weekly News Wrap: High inflation a boon for Aussie supermarkets; PDD splashes on Super Bowl ad for US site
And Uniqlo ramps up marketing campaigns in the US.
Vietnam’s retail sector shows signs of recovery: report
Retail sales in the country rose 20% in January.
Commentary
From shoplifting to safety: How tech is empowering APAC’s retail workers
How retailers can lead the charge in the AI future