Staff Reporter
adidas sees ‘better-than-expected’ growth in China despite 9% revenue decline
adidas sees ‘better-than-expected’ growth in China despite 9% revenue decline
The company recorded ‘flattish sales’ and a small operating profit overall.
Jollibee net income drops by 10% in Q1
Its net income attributable to equity holders stood at P2.1b (US$37.6m).
Watsons expands products under the Sustainable Choices scheme
There are now 8,000 products offered under the scheme.
Suntory Pepsi rolls out 100% recycled PET bottles in Thailand
PET bottles accounted for nearly 60% of soft drinks packaging volume in 2022.
Philippines’ Universal Robina net income flattens in Q1
This is due to higher financing costs and non-cash impairments in its farm business.
China leads new stores opening in 2022
The country accounted for 41% of all stores that opened last year.
Domino’s Pizza to open over 400 stores in China until 2024
This came after the franchisee in China debuted on Hong Kong Stock Exchange.
2023 Retail Asia Forum to be held in Kuala Lumpur in May
The event will take place at Impiana KLCC in Kuala Lumpur.
Australia’s retail sales up 0.4% in March
This is higher than the 0.2% increase in the previous month.
Brick-and-mortar stores catch up as spending shifts from online to offline
More than 71% of retailers in Asia Pacific plan to expand or add new stores in 2023, according to CBRE retail survey.
Indonesia, Phl struggle to keep up with Southeast Asia’s cashless drive
Zalora reports growth of digital payments to 81.20% in 2022, as connectivity and digitisation fueled hyperconsumerism in the region.
Hong Kong reclaims status as global hub for lifestyle products
The April Lifestyle Fair 2023, hosted by HKTDC, attracted nearly 56,000 buyers from over 130 countries.
Australians prefer in-store retail due to digital shopping fatigue
Around 3 in 5 Australians want in-store retail therapy.
SKS Capital invests in South Korea’s Grace
The $5m raised will be used for Grace’s business expansion.
How SHEIN cuts carbon emissions in its warehouses
The company aims to cut its greenhouse gas emissions by 25% in its value chain by 2030.
Share of new luxury store openings in Middle East doubles in 2022
The focus of the new openings is in Dubai.
Singapore’s coffee sales to see ‘steady’ growth in next five years
The market is expected to grow by 3.2% CAGR over 2022-2027.
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