Stores
Love, Bonito opens flagship store in Hong Kong
Love, Bonito opens flagship store in Hong Kong
The 2,000-square feet store is located in Central.
Central Retail targets over 20% sales volume hike in new store
It has recently launched Power Buy x B2S in western Bangkok.
Around 2 in 5 Hong Kong restaurants confident about F&B industry’s future
The performance satisfaction score of 6.4 is the highest posted in two and a half years.
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.
Commentary
Packaging the future: Why Asia’s F&B sector must treat sustainability as strategy