Charmaine Tadalan

Consumer spending in Kuwait to grow nearly 7% in 2022

This is thanks to eased restrictions and low jobless rate amongst others. 

Reliance Brands ‘well positioned’ to tap India’s luxury apparel market

The company recently partnered with Balenciaga amongst other high-end brands. 

Open for business: TikTok Shop launches in Singapore

The in-app feature is in support of local businesses. 

Reliance Brands brings Balenciaga to India

The company will be the sole India partner of the luxury brand in India.

Japanese brand GU to open first store in the US

Its pop-up store will be located in Soho, New York. 

Robinson Retail net income doubles in Q2 

The company recorded a 124% net income growth to P1.68b.

E-commerce market to reach over $20t by 2025

The market will be led by sportswear brands Nike, and Adidas.

Philippines’ SMFB posts 8% net income growth in H1

The company also saw its highest level of revenue  and profitability since 2018.

Australia’s retail sales up 1.4% in Q2

This is the third consecutive growth since Q4 2021.

Central Retail launches megaproject ‘Tops CLUB’

The project seeks to bring a global household shopping experience. 

Philippine brand BALAI net income soars to P9m in Q2

This is up from P2m in the same period last year.

FedEx continues expansion with New South China Operations Centre

This is in partnership with the Guangdong Airport Authority Logistics Company. 

JFC expands China presence with 9th Tim Ho Wan store 

The company plans to open 10 more in the market. 

Philippines’ URC posts P6.5b net income in H1

This is lower compared to the same period last year.

Korea retail sales rises 9.3% in H1 2022

Offline and online retailers saw an 8.4% and 10.3% growth, respectively. 

Prada posts over €180m net income in H1

This is despite seeing sales drop in its APAC business.