Stores
Weekly News Wrap: Australian retailers get holiday boost; Rakuten prepares to list securities unit
Weekly News Wrap: Australian retailers get holiday boost; Rakuten prepares to list securities unit
And India's Nykaa suffers from marketing, fuel costs balloon.
Japan’s retail sector enjoys foot traffic recovery in Q1
Second-hand luxury goods businesses saw solid demand in the quarter.
South Korea’s retail sales grow 10.6% YoY in April
Online and offline retailers posted 11%, and 10.2% growth, respectively.
South Korean retailers expand entertainment space on-site
A Lotte Mart outlet opened a futsal court, whilst a Homeplus store built a swimming pool.
The J Shop opens 4 pilot physical stores in Chinese cities
Three of the stores were jointly developed with Italian luxury retailer COSCIA.
Weekly News Wrap: Big luxury brands fret over China lockdowns; Sea surges after higher-than-expected gaming sales
And Singapore-based Zilingo fires its CEO amidst a probe on “irregularities.”
China’s retail market not out of the woods yet for Q2
Most retailers moved into a wait-and-see mode in Q1 due to lockdowns.
Starbucks’ Russia exit opens expansion opportunities in Asia: report
Starbucks followed Mcdonald’s move to withdraw operations in Russia.
Vietnam retail sales rises 6.5% in first 4 months
Fitch Solutions noted the country already steered clear of the low base effects.
Consumer spending in Vietnam to see ‘solid’ growth in 2022
This follows a 1.8% YoY growth seen in 2021.
Philippines’ Max’s Group profit nearly doubles in Q1
Its revenue jumped by 18% to P2.17b.
India’s retail inflation to hit 6% in 2022: GlobalData
This follows the ban on wheat exports India imposed.
Starbucks Korea vows to recycle all coffee grounds by 2027
Coffee grounds were reclassified as recirculation resources last March.
AllDay Supermarket profit climbs 33% in Q1 despite Omicron threat
Its net profit stood at P95m (approx. US$1.8m), up from P71m (US$1.3m).
Weekly News Wrap: Luxury brands navigate Shanghai lockdown; Amazon slams Reliance takeover of Future stores
And fast-fashion retailer Shein is seeing a slowdown in growth.
India’s Big Bazaar maintains lead with boost from young shoppers, online investments
GlobalData reported that 59% of Indian consumers shop at Big Bazaar.
Shakey’s PIZZA more than doubles net income to P76m in Q1
This was driven in part by a strong resurgence of dine-in sales.
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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.
