Stores
Suntory Group posts nearly 20% profit growth in 2022
Suntory Group posts nearly 20% profit growth in 2022
Its profit stood at JPY136.2b, approximately US$1.01b.
Starbucks to open 400 stores in APAC in 2023
Its newly-opened 5,000th store is located in Gwanyang-si, South Korea.
Philippines’ baby food market to shrink by 4.5% annually until 2028
This is due to the lower childbirth rates and rising inflation.
Weekly News Wrap: Chinese retailers offer discounts on iPhones; Lawson weighing options for China unit
And Dongwon Industries eyes acquiring McDonald's Korea.
Luxury retailers to expand China offerings to other festivals: report
Retail sales in the country have generally been stronger during cultural festivities.
Shiseido launches NARS Cosmetics in India
It aims to ramp up its growth in Asia Pacific.
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.
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1. Probability disclosures unlikely to dent blind-box demand in Singapore 2. Easing rents lure retailers back to Hong Kong streets 3. Online shopping boom drives Malaysia e-commerce growth momentum 4. China retail shifts to omnichannel as store expansion moderates in lower-tier cities 5. Beijing retail outlook 2026 hinges on consumer confidence recoveryResource Center
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FMCG Asia Awards 2025 Winner: Rachel Carrasco of BAKEN
Rachel Carrasco, Founder and CEO of BAKEN, highlights how its Real Bacon Crisps have elevated Filipino snacks to global standards.
Commentary
APAC retailers need to rethink where fraud prevention begins
How Singapore consumer brands can build strong supply chains amidst rising input costs
The CX illusion: Why retail’s digital investment isn’t delivering
The future of agentic commerce in APAC: Why identity will anchor hybrid experiences