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Weekly News Wrap: 7-Eleven cuts 880 jobs in the US; Daiso builds American footprint amidst inflation woes
Weekly News Wrap: 7-Eleven cuts 880 jobs in the US; Daiso builds American footprint amidst inflation woes
And Malaysia-based restaurant operator delays its IPO again.
China possible ideal market for cashier-less technology: report
The number of machine-to-machine connections has skyrocketed in four years.
Reliance Retail profit climbs over 100% in Q1
Its net profit stood at $261m.
Weekly News Wrap: Freshippo seeks lower funds at $6b valuation; Uniqlo owner's performance to hint China's recovery prospects
And Shein seeks an IPO in the United States as soon as 2024.
Indian restaurants face dilemma amidst service charge ban
Restaurants are hesitant to incorporate service charges in menu prices.
Hypebeast, Jun open first Hypegolf store in Japan
The store will also be home to the first Hypebeans café in Japan.
APAC brands reinvests highest percentage of revenue in media spend
Around 4.6% of the brand revenue of APAC brands was spent on advertising.
Malaysia to record ‘healthy’ spending growth in 2022: Fitch
It posted a three-year high 29.9% growth in retail sales in May.
First Nike Style concept store opens in South Korea
It is located in Hongdae in the capital Seoul.
Philippines’ Emperador lists on SGX main board
It aims to generate 50% of its sales from outside the Philippines by 2025.
JD Worldwide launches physical experience center in Xi’an
The centre showcases various products such as food, liquor, and supplements.
Central Retail, GULF partner for solar power production
They invested $2.5m to establish Greengen Energy.
Weekly News Wrap: Alibaba shares surge 60% as crackdown expected to ease; Pret bets on local tastes in Reliance tie-up
And BGF Retail wins big with a $2 lunch amidst surging inflation.
Shenzhen’s retail market face concerns despite expansion
Retail sales of consumer goods fell in the first quarter.
Central Retail eyes investing over $862.2m in Vietnam in the next 5 years
It plans to be to number one omnichannel platform in Vietnam.
Philippine-based liquor firm to join SGX main board on 14 July
It will be the first Philippine-listed company to hold a secondary listing on SGX.
Malaysia posts highest wholesale, retail trade sales since 2013 in May
It increased by 19.9% YoY to around $29.4b.
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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Digital giants to retailers: The playbook for scaling ad revenue with onsite retail media