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Saudi Arabia’s growing high-income market attracts luxury brands
Saudi Arabia’s growing high-income market attracts luxury brands
Hermès recently expanded in the country.
Fast Retailing profit climbs 60% in 2022
Its net profit amounted to JPY273.3b ($1.855b).
Ninja Van Singapore to pilot EVs
The EVs can handle up to 1,200 kilograms and run up to 235 kilometres when fully charged.
Weekly News Wrap: New Shibuya awaits tourists to Japan; Naver buys US-based Poshmark in $1.2b deal
And India's Nykaa forges an alliance with Dubai's Apparel Group in the Gulf region.
Inflationary pressures to hit Indonesia's retail sector: report
Indonesia is expected to end the year with inflation at 5.5% YoY.
Central Retail launches premium food store ‘Tops Fine Food’ in Thailand
The new formats store offers more than 8,000 items.
Household spending in Australia rises by 29% in August
This is the 18th consecutive month of growth, the Australian Bureau of Statistics said.
Sephora launches new order management system in Australia
The new platform will allow customers to avail of the Click & Collect service, amongst others.
Six in 10 Asian shoppers to spend more this holiday season
This is linked to the strong financial resilience in the market.
Seven & i net income posts over 27% growth in H1
Its net income attributable to owners amounted to JPY136b ($934.8b).
FairPrice, A*STAR rolls out “BINgo” smart bins
This is to help promote recycling amongst Singaporeans.
Shein plans to reduce GHG emissions by 25% by 2030
These include shifting to renewable energy and increasing energy efficiency.
China’s wine market to grow 11.5% between 2021-2026: report
This comes as its economy rebounds.
Australia’s retail sales inch up in August
Retail sales rose 0.6% during the month.
Weekly News Wrap: Slow reopening puts off Hong Kong’s retail recovery; JD founder settles U.S. rape civil suit
And Reliance launches its first in-house premium fashion store.
Hong Kong set to regain global luxury shopping centre status: report
The city has eased restrictions for international tourists.
Retailers raise ICT budget in 2022: GlobalData
Over 80% increased investment amidst digital tech trends in improving supply chain and customer experience.
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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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