Staff Reporter
Aris Maroulis named TUMI VP for Asia-Pacific and Middle East
Aris Maroulis named TUMI VP for Asia-Pacific and Middle East
He will spearhead the brand's operations and business development in Hong Kong.
Decathlon and Carousell launch official second-hand bike store
The Official Decathlon Carousell Store allows users to buy and sell second-hand bicycles.
Sephora to exit South Korean market in May
It will gradually end its online, mobile app, and offline operations.
China Jo-Jo Drugstores meets Nasdaq's minimum bid price requirement
This follows the company's failure to maintain a $1.00 minimum bid price for 30 consecutive trading days.
Mobile and digital wallets surpass traditional payments in India's e-commerce
Cash transactions only comprise 6.2% of online purchases.
China leads US apparel market despite shipment decline
The Asian country's shipment volume was down by 18%.
Brady Brewer named Starbucks International CEO
He will oversee the teams in APAC, EMEA, Japan and LAC.
Around 7 in 10 Gen Zs in Southeast Asia prefer e-commerce
56% of social commerce platform visitors shifted to e-commerce to complete their purchases.
Alibaba Group to invest $1.1b in South Korea for business expansion
It intends to invest $200m for the logistics hub and $100m to support South Korean SMEs.
Australian businesses embrace pop-ups for omnichannel success
It offers businesses a low-cost way to maintain a physical presence without the expenses of traditional stores.
Asia Pacific and MEA witness rising secondhand spending as sustainability trend grows
At the forefront are India, China, and Saudi Arabia.
Around 1 in 4 consumers embrace secondhand trend for sustainability
Around 41% are choosing to repair broken items rather than splurging on new replacements.
Vingroup to sell stake in SDI Company
SDI, Sado Company, and Vincom Retail will no longer be Vingroup subsidiaries after the transaction.
Australian retail spending growth slows down to 2% YoY in 2023
Whilst traditional retail spending growth slowed, online retail increased in 2023.
India's light vehicle sales to hit record 4.9 million as economy grows
SUVs emerged as the driving force behind India's robust vehicle sales.
Around 4 in 5 Australian households embrace online shopping in 2023
About 9.5 million households made online purchases in 2023.
K-Beauty market to hit $13.9b by 2027
The Asia-Pacific region accounted for about 69.9% of the K-beauty products industry share.
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