Stores
Could Louis Vuitton be transitioning from luxury to lifestyle?
The brand recently opened its first restaurant “The Hall by Lousi Vuitton.”
Weekly News Wrap: UK-based Ocado enters South Korea in Lotte deal; Reliance Retail in talks to enter salon business
And China-based Shein expands operations in the United States.
NTUC FairPrice to offset GST increase with discount offers
This will take effect in the first six months of 2023.
Philippines' Universal Robina net income drops to P9.7b in first nine months
This is even as its core net income grew 9%.
Central Retail forecasts 20% revenue growth in 2022
This will be supported by the stronger purchasing power of Thais.
Philippines’ Century Pacific Food posts 6% net income growth
Its net income stood at P4.2b (US$71.5m).
Retail turnover in Australia inches up in September
It went up by 0.6%, the Australian Bureau of Statistics reported.
Economic concerns weigh on Shanghai's retail property recovery
Retail sales fell 12% in the first eight months of 2022.
Over 70% of consumers are willing to pay more for sustainable products
But, most shoppers have not done so in practice.
Alibaba’s market cap down by 30.3% in Q3
Its value stood at $212b.
Weekly News Wrap: Posh ice cream, smart appliance in vogue in China; Indian economy awaits shopping season boost
Reliance is in talks to acquire Germany-based Metro’s India business.
Japan’s foodservice sector gains from tourism revival
The reopened borders and weaker yen are expected to attract tourists.
Love, Bonito acquires activewear brand butter
The brand will be now known as “cheak.”
Why Japanese brands should expand discounter offerings
The rising cost of living dampened consumers’ purchasing power.
IKEA franchisee Ikano Retail’s revenue up 41.2% YoY to S$1.63b in FY 2022
This is the first time it exceeded the EUR1b mark.
US-based Five Guys eyes expanding to South Korea
The burger chain has inked an agreement with the Galleria department store to open next year.
Most Read
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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Digital giants to retailers: The playbook for scaling ad revenue with onsite retail media