Staff Reporter
Hyperconsumerism is on the rise in Southeast Asia: study
Hyperconsumerism is on the rise in Southeast Asia: study
Innovations, such as live-streaming and VRs, have perked up customers' shopping experience, said Zalora.
Giordano sales up 6% YoY in Q1 2023
Its same-store sales registered a 16.1% growth.
Creating space for Gen Zs’ ‘personal brand’ with augmented reality
More than 3 out of 5 Gen Zs think AR will make life easier.
How Amazon prevents counterfeit products on its platform
It stopped six million fake products from being sold in 2022.
Century Pacific Food net income up 6% YoY in FY22
Its revenue increased by 14% boosted by its branded businesses.
IKEA owner buys 195MW solar parks in Australia
The three solar parks can generate 340GWh of electricity.
Social commerce growth expected to triple vs e-commerce, says EY leader
This comes amidst the accessibility and popularity of social media usage amongst younger generations.
L'Oréal to acquire Australian beauty brand Aesop
The transaction will close in the third quarter of the year.
Miniso to expand to four new markets
The company also plans to revamp its stores overseas.
Toys”R”Us Asia names new CEO
The appointment of Leo Tsoi took effect on 1 April.
Gen Zs are becoming China’s biggest spenders
21% of these consumers are ready to spend 16% of their income on luxury.
How much shoppers in Southeast Asia save through mega sales
Shopee’s campaigns allow consumers to save on groceries and essentials.
Most consumers in Saudi Arabia use cards to shop online
The e-commerce market is expected to reach $15.7b, GlobalData reported.
Levi’s launches largest store in Asia
The store is located in Bangalore in India.
Central Retail opens first 24-hour supermarket
It will also come with a Personal Shopper service.
Hot drinks sector in Indonesia to grow nearly 8% through 2027
This is thanks to increased outdoor mobility and tourism rebound, GlobalData reported.
FMCG sector firms in Top 250 retailers post 4.7% YoY revenue growth
It accounted for 63.8% of the total revenue.
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