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India’s retail inflation to hit 6% in 2022: GlobalData
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.
Carousell to acquire Singapore’s Refash
The acquisition will simplify the selling process for time-starved users.
Adidas, Foot Locker enter strategic partnership
They target retail sales to exceed $2b by 2025 under the partnership.
Central Retail Corporation net profit soars 189% YoY in Q1 2022
Its sales exceeded targets and were up by 16%.
JFC net income skyrockets to $43.9m in Q1 2022
The increase from $2.9m in Q1 2021 is backed by property transfer and sales.
Subway, Pegacorn ink agreement for expansion in Peninsular Malaysia
Around 500 Subway stores will be opened under the master franchise agreement.
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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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Fragmented systems also continue to disrupt customer experience.
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