Stores
7-Eleven, Tiger Beer launches beachfront store in Singapore
7-Eleven, Tiger Beer launches beachfront store in Singapore
The store’s offerings range from liquor to hot meals.
Weekly News Wrap: Shanghai’s fashion stores struggle to clear stock; JD exec says China’s regulation getting more ‘rational’
And India’s Zomato set to buy grocery delivery startup Blinkit for $568m.
Shopee owner Sea Ltd is top retailer in Southeast Asia: Euromonitor
Its sales reached $16.06b in 2021.
South Korea’s retail sales up 10.1% YoY in May
Sales in department stores and convenience stores rose as social distancing is lifted.
Central Retail launches new payment option in CMG stores
Shoppers may opt to use BNPL across 22 brands.
Retail sales in Asia’s department stores to climb by 2% annually until 2026
This will follow a “remarkable” rebound of 23% in 2021.
Grocery sales to grow 4% in next 4 years: report
Retail sales in grocery grew 6% in 2021.
Asia retail sales to grow 7% annually to 2026
This will be driven by strong digitalisation, and consumer confidence, amongst others.
China’s FMCG retailers must compete amidst growing digitization: Bain
Retailers must focus on categories that continue to have low online penetration.
Alibaba Group retains post as Asia’s top retailer in 2021
Its sales last year reached $478.9b.
Over half of brands want to improve experience in existing channels
The majority of customers also want to interact with brands in more than one channel.
Around 2 in 5 brands use first-party data to deliver personalised customer experiences
Businesses said first-party data has higher quality and provides better privacy.
Jollibee rebounds to P6.3b after 2020 loss
Its 2021 operating income is nearly at the same level as 2019.
Around 3 in 5 consumers expect personalised shopping experience
However, only 40% trust brands to use their data responsibly and keep it safe.
Jio-bp to install EV charging, battery swapping stations at Nexus Malls
The charging hubs will be accessible in five malls as part of the first phase of the rollout.
Philippine-firm AllHome expands PetBuddy store in four new locations
Euromonitor International had reported that interest in pet care will be sustained in the Philippines.
Japan’s consumer co-ops raise $6.5m for Ukraine
The proceeds has been donated to UNICEF and other organizations.
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