Stores
Weekly News Wrap: Tencent eyes selling 17% stake in Meituan; H&M returns on Alibaba's Tmall platform
Weekly News Wrap: Tencent eyes selling 17% stake in Meituan; H&M returns on Alibaba's Tmall platform
And Miniso to ditch Japanese-inspired branding over flak in China.
Consumer spending in South Korea to grow 2.8% in 2022
Household spending is expected to reach KRW793.9t during the year.
Central Group, Signa acquire Selfridges
Selfridges Group has 18 stores in three countries.
Southeast Asia’s bubble tea spending reaches $3.66b annually
Indonesia and Thailand were the biggest bubble tea markets in the region.
IKEA-anchored ‘meeting place’ begins construction in India
It is expected to open in late 2025.
Coca-Cola, Grab tie up to accelerate merchants’ digitalisation
The partnership covers six Southeast Asian markets.
Central Retail net profit soars over 470% in Q2
Its net profit stood at THB1.6b.
Fruitas posts record net income in Q2 2022 since listing
It reached over $411,000, increasing 232% YoY.
Weekly News Wrap: Apps turning leftovers to meals take off in Asia; China's Luckin Coffee eyes store expansion
And a Beijing consumer group summons grocery firm Missfresh over complaints.
Bright future ahead for Indonesia’s luxury market
A large pool of consumers in the country remains underserved.
Max’s Group net income skyrockets by 332% to P239.5m in Q2 2022
This is thanks to the ongoing supply chain efficiencies.
Philippines 7-Eleven reverses losses in H1
Its net income reached P890.4m in the first six months.
AllHome net profit drops 65% in H1
Its net profit declined to P222.1m, as of 30 June 2022.
Lawson net income climbs to JPY624m in Q1
This is up from JPY 393m in the same quarter last year.
Philippines’ Figaro Coffee declares P90m cash dividends
This is thanks to an over 50% net income growth in 2021.
Emperador net income rises 3% in H1 amidst supply chain woes
The company reported a net income of P5.3b.
Suntory profit jumps 40% in H1
The beverage company reported a profit of JPY74b.
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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. lululemon moves China HQ to Westbund Central, Shanghai 4. Lazada, POP MART renew partnership to speed up collectibles delivery in SEA 5. Vietnam tops SEA in e-commerce growth confidence despite regulatory hurdlesResource 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