Stores
China retail sales grew 6.7% YoY in January, February
China retail sales grew 6.7% YoY in January, February
Online retail sales grew 10.2% year-on-year, according to NBS.
Weekly News Wrap: Fukushima’s F&B businesses woo back diners; Swire Pacific invests in retail-led projects in China
And Yum China’s shares dive amidst auditing dispute with US regulators.
China rolls out policy support to buoy retail growth
Support is expected to strengthen if retail sales do not stabilise in the next few months.
Coupang establishes new office in Yanji, China
Some 230 employees are working in the office.
Which Southeast Asian companies made it to the Top 250 retailers?
These were from Thailand, Indonesia, Philippines, and Vietnam.
Around 60 APAC companies included in Top 250 retailers
China’s JD.com, Inc., which is the top company from the region, ranked 9th globally.
Starbucks opens new store in Malaysia
The new store marks the Starbucks’ presence in all states and federal territories in Malaysia.
UNIQLO temporarily suspends operations in Russia amidst conflict
The company also condemned all forms of aggression that violate human rights.
Kuwait household spending to grow 6.7% in 2022
It is expected to reach $31.9b, surpassing pre-pandemic spending levels.
Greater China, APAC drag Adidas’ sales growth in 2021
The market reduced Adidas’ revenue growth by €1.5b.
Central Retail expands in Thailand’s Eastern Economic Corridor
The company will open a new shopping center – Robinson Lifestyle and Robinson Department Store Ban Chang.
Philippines' URC net income surges 109% YoY to $465.4m in 2021
This is on the back of the sale of its Oceania business.
Retail ‘war’ starts even before shoppers enter the store: Alfamart
At the front line is Alfamart's CRM platform that analyses consumer shopping behaviour.
UNIQLO Japan same-store sales drop 14%YoY in February
Total sales, including online sales, also declined 11.4%
UNIQLO to pilot curated space for female shoppers in SG
The flagship store for women will be located at the ION Orchard store in Singapore.
Alibaba ramps up benefits for employees
Employees could have seven days paid family care leave per year.
Reliance invests majority stake in clothing brand Abraham & Thakore
The brand focuses on bringing a modern, unconventional take on Indian handlooms.
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It was honoured for improvements to its shopping platform, "Platform of Opportunity," and Disney-themed customer experience.
Commentary
Packaging the future: Why Asia’s F&B sector must treat sustainability as strategy