Staff Reporter
Philippines’ Universal Robina net income flattens in Q1
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.
Around 7 in 10 restaurants confident about the F&B sector outlook for Q2
Business satisfaction rose to 6.5 from 6.1 in Q4 2022.
Alternative payments account for 43.3% of e-commerce purchases in Hong Kong
Over 90% of Hong Kong consumers have shopped online over the past 6 months.
Creating smarter fashion with AI
Fashion experts say designers can find a friend in AI, debunking fears it would replace humans.
FJ Benjamin opens new concept store in Singapore
A 40-seater cafe and bar are open for customers.
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Retail Asia Awards 2025 Winner: Lionel Tan and Michael Tong of Singtel
Singtel’s Lionel Tan and Michael Tong share how smart search helps customers discover better and faster buying options.
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How retailers can lead the charge in the AI future