Staff Reporter
PUMA’s Forever Faster Sprint to Build Customer Loyalty in SEA
Engaging Regular Customers Is more Cost-Efficient than Acquiring New Ones.
South Korea's small stores lag behind big department stores in sales
Small supermarkets and groceries only saw a 0.4% sales growth.
Weekly News Wrap: Chinese brands dominated Singles Day best-sellers; Alibaba did not disclose 11.11 sales for the first time
And Shein opens its first physical store in Tokyo.
Inflationary pressure slowing retail sales in Vietnam: report
Retail sales growth fell from 36.1% in September to 17.1% in October.
Philippines’ consumer spending to rise 5.5% YoY in 2023
This is slower than the 7.6% YoY forecast this year.
Consumer spending in Vietnam to see ‘solid growth’ in 2023
Spending is expected to increase by 7.3% year-on-year.
Shakey’s Pizza net income reaches P454m in first 9 months
This is coming from a P35m loss in the same period in 2021.
South Korea’s Coupang to remain profitable amidst funding crunch: report
The company’s net profit stood at $91m in the third quarter.
South Korea’s Coupang posts record net profit in Q3
Its net income stood at $91m.
Yeezy termination drags adidas 2022 outlook
The company ended the Yeezy partnership in October.
Philippines’ SMFB sustains ‘strong’ growth in first nine months
The company also registered its quarterly highest revenue since 2018.
Crocs’ APAC revenue soars 65.5% YoY in Q3
It has 153 stores across the region.
adidas AG appoints new CEO
Bjørn Gulden will assume the post in January 2023.
Robinsons Retail net income soars 60.8% in Q3
Its net income amounted to P1.67b.
Jollibee posts ‘record’ 36.4% net income growth in Q3
Its net income stood at P2.14b.
Could Louis Vuitton be transitioning from luxury to lifestyle?
The brand recently opened its first restaurant “The Hall by Lousi Vuitton.”
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1. Global brands accept high costs as gateway strategy squeezes local shops 2. Australian retailers cut jobs as fuel and supply chain costs surge 3. Estée Lauder in early talks with Puig over possible merger 4. Hong Kong consumers stay cautious as dining out leads spending 5. Singapore consumers stay cautious despite income growth hopesResource Center
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