Stores
BigBasket expected to expand customer base in offline entry
BigBasket expected to expand customer base in offline entry
Consumers in India have continued to opt for offline stores.
LVMH profit up 23% YoY to $22.9b in 2022
Its revenue also hit a record EUR79.2b as its market in Asia remains stable.
Reliance Retail acquires footwear firm V Retail
Reliance Retail’s net profit in Q3 FY2023 jumped 6.2%.
Monde Nissin to buy 15% of Figaro Coffee Group shares
The transactions will be worth P820.3m.
Reliance Retail posts 6.2% net profit growth in Q3 FY2023
Its net profit stood at INR2,400 crore during the quarter.
Weekly News Wrap: Asian retailers lure tourists on Lunar New Year; India plans cheaper finance for small retailers
And luxury firms express optimism about China’s retail recovery.
Essential goods expected to lead China's retail sales recovery
The sales of non-essential goods are expected to show slower growth.
Dickey’s Barbecue Pit to start grilling in first Philippine store
The store will open in the second quarter of 2023.
Gen Z consumers want ‘genuine connection’ when engaging with brands
Around 3 in 5 trust independent consumer reviews.
Consumers demand diversity, inclusivity: report
They are buying from brands that support their values.
Consumers give more weight to emotional benefits in purchases: report
Businesses should provide alternative payment methods to capture these consumers.
Nearly 60% prefer humans over robots for customer service
Only 19% were comfortable talking to an automated bot.
Weekly News Wrap: Asian retailers ready for China rebound; South Koreans lead as world’s biggest luxury spenders
And Uniqlo owner gives Japan business a jolt with a 40% wage hike.
Return of Chinese tourists a boon for Singapore's luxury retailers: report
Chinese travellers have played a considerable role in the luxury end of the city’s retail market.
Food, healthcare products are top gift choices for New Year: report
Shopping cash coupons are also among the top choices.
Businesses should cater to consumers who seek work-life balance
Around 53% of consumers put a strict boundary between work or school and personal life.
About 4 in 5 Hongkongers aim to resume socialising, consumption in Chinese New Year
This came as social distancing measures have been eased.
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1. Oh!Some bets on experience-led retail to engage shoppers 2. MUJI to open flagship stores in Thailand, Vietnam, and France 3. Vietnam tops SEA in e-commerce growth confidence despite regulatory hurdles 4. lululemon moves China HQ to Westbund Central, Shanghai 5. Rakuten introduces AI-powered listing support on Rakuma appResource Center
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He stressed that companies can stay ahead by driving personalisation, seamless experiences, and embedding sustainability at the core of their operations.
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Winning at the shelf: Innovative packaging strategies