Staff Reporter
Vietnam retail sales rises 6.5% in first 4 months
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.
Sea Limited logs37.4% YoY net loss in Q1 2022
This is due to higher operating expenses and cost of revenue.
Convenience, traceability key to a better delivery service
Customers want more delivery options and visibility in the delivery process.
India’s retail inflation to hit 6% in 2022: GlobalData
This follows the ban on wheat exports India imposed.
Atome eyes expansion in South Korea by year-end
This will make Atome the BNPL that covers the most number of markets in Asia.
Amazon Australia's solar projects in NSW start operations
The two solar farms aim to produce 392,000MWh energy yearly.
Starbucks Korea vows to recycle all coffee grounds by 2027
Coffee grounds were reclassified as recirculation resources last March.
Rakuten connects loyalty program with Japan Airlines
Rakuten Points can be mutually exchanged with JAL Miles.
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).
JD revamps fashion business towards omnichannel format
The online channel mainly focuses on young consumption groups.
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.
Youth consumers drive APAC’s luxury retail market: report
Brands are adopting strategies to connect deeper with younger luxury consumers.
Pandora to build crafting facility in Vietnam
The jewellery brand will invest $100m for the building of the new facility.
India’s Big Bazaar maintains lead with boost from young shoppers, online investments
GlobalData reported that 59% of Indian consumers shop at Big Bazaar.
Coupang profit soars 42% YoY in Q1 2022
Its revenue rose 22% YoY, whilst its losses improved by 29% YoY.
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