Stores
Weekly News Wrap: Amazon shutters food delivery business in India; Louis Vuitton to launch homeware store in Shanghai
Weekly News Wrap: Amazon shutters food delivery business in India; Louis Vuitton to launch homeware store in Shanghai
And US-based Fanatics to refurbish retail stores at Tokyo Dome in a deal with Yomiuri Giants.
Australia retail trade up 12.5% YoY in October 2022
However, it declined by 0.2% month-on-month.
Hong Kong’s toys market thrives despite fewer kids
Hong Kong has the lowest fertility rate in Asia.
Weekly News Wrap: JD.com says worst is over for consumer demand; Tata eyes 20 'beauty tech' stores
And Tencent’s plan to cut its stake in Meituan triggered an internet stock selloff.
Philippines' retail sector shows signs of improvement: report
Retail sales in the country have been growing at a relatively slow pace.
Fruitas net income rebounds to P14m in Q3 2022
This is a reversal of the P8m net loss last year.
Metro Retail reverses net loss in first nine months
Its net income amounted to P400m.
L’Oréal Groupe, partners unveil luxury beauty brand SHIHYO
Its flagship store will open in South Korea.
Deliveroo’s Australian exit raises need to modernise food delivery
Deliveroo recently announced it will stop operations in Australia.
Deliveroo exits ‘highly competitive’ Australian market
In the first half, Australian businesses only accounted for 3% of Deliveroo’s GTV.
Consumer spending in China to see ‘steady growth’
Spending is projected to grow by 6.5%YoY in 2023.
Suntory net profit grows 14.5% in first nine months
Its net profit amounted to JPY68b.
AllHome posts P702m profit in first nine months
Its revenue stood at P9.10b over the same period.
Central Retail profit soars over 150% in Q3
Its profit stood at THB1.25b.
South Korea's small stores lag behind big department stores in sales
Small supermarkets and groceries only saw a 0.4% sales growth.
Weekly News Wrap: Chinese brands dominated Singles Day best-sellers; Alibaba did not disclose 11.11 sales for the first time
And Shein opens its first physical store in Tokyo.
Inflationary pressure slowing retail sales in Vietnam: report
Retail sales growth fell from 36.1% in September to 17.1% in October.
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1. Lazada launches tiered membership programme in six Southeast Asian markets 2. Shopee allocates $38.46m to SME programmes for 2026 3. China’s FMCG market logs 1.3% growth in Q3 on more O2O purchases 4. IKEA opens first New Zealand store at Sylvia Park 5. Singapore shoppers start year-end buying earlierResource Center
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The Filipino snack brand transformed bacon into both a culinary canvas and a consumer favourite.
