Charmaine Tadalan
Household spending in Australia rises by 29% in August
Household spending in Australia rises by 29% in August
This is the 18th consecutive month of growth, the Australian Bureau of Statistics said.
Six in 10 Asian shoppers to spend more this holiday season
This is linked to the strong financial resilience in the market.
Seven & i net income posts over 27% growth in H1
Its net income attributable to owners amounted to JPY136b ($934.8b).
FairPrice, A*STAR rolls out “BINgo” smart bins
This is to help promote recycling amongst Singaporeans.
Robotic process automation gains traction amongst retailers
Discussions amongst retailers grew 52% in 2022.
Australia’s trade surplus narrows in August
Its surplus stood at $8.32b, the ABS reported.
China’s wine market to grow 11.5% between 2021-2026: report
This comes as its economy rebounds.
Shopee strengthens fight against counterfeit pharmaceutical products
It has partnered with the Pharmaceutical Security Institute to educate both sellers and shoppers.
Australia’s retail sales inch up in August
Retail sales rose 0.6% during the month.
Retailers raise ICT budget in 2022: GlobalData
Over 80% increased investment amidst digital tech trends in improving supply chain and customer experience.
Australia’s wine market to grow by 4.6% between 2021-2026: report
This comes as more consumers resume social drinking.
Rakuten eyes carbon neutrality by 2023
It is amongst the companies that joined the RE100 initiative.
Isetan Mitsukoshi posts over 145% sales growth in Tokyo stores
It also saw a 133% increase in its domestic department stores.
Nike’s net income stumbles 22% in Q1 2023
Its net income stood at $1.46b in the three months ending in August 2022.
Consumer spending in Indonesia to see ‘strong growth’ in 2022
But it will slip slight in 2023.
‘Stunted’ disposable income growth to drag HK, China consumer spending
Disposable income in the market is expected to average 3.3% in 2022.
International borders reopening to boost HK’s luxury market
Hong Kong is home to a large number of global luxury retailers.
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