Charmaine Tadalan
Chow Tai Fook Jewellery shines as profit grows 11% in 2022
Chow Tai Fook Jewellery shines as profit grows 11% in 2022
Profit rose to HK$6.71b during the year ended March 2022.
Lazada builds an e-commerce giant from a ‘blank slate’
It switched from a buy-and-sell business to a marketplace-based model, before finding the right mix in the e-commerce retail model it now uses.
How frequent consumers in Southeast Asia, HK order food online
Nearly 70% order meals once or twice a week.
Lazada appoints new CEO
James Dong took over the position in last week.
J&T Express expands in Malaysia amidst stronger Southeast Asia demand
The company just acquired a 30-acre parcel of land.
STB, CapitaLand Investment to bring new retail concepts to Singapore
Some 20 events and experiences are expected from the partnership.
JD Worldwide sales soar after 618 Grand Promotion
The company saw transaction value grow by more than 20 times for its duty-free business.
UNIQLO Japan same-store sales rise by 17.5% in May
Total sales including online sales also climbed by 19.8%.
Fragrances now wear the ‘lipstick effect’
Replacing lip products, scents topped ZALORA’s beauty category both in 2020 and 2021.
Alibaba Group 2022 net income drops nearly 60% to US$9.77b
The Group linked this to decreases in market prices of its equity investments.
Starbucks’ Russia exit opens expansion opportunities in Asia: report
Starbucks followed Mcdonald’s move to withdraw operations in Russia.
Vietnam retail sales rises 6.5% in first 4 months
Fitch Solutions noted the country already steered clear of the low base effects.
Consumer spending in Vietnam to see ‘solid’ growth in 2022
This follows a 1.8% YoY growth seen in 2021.
India’s retail inflation to hit 6% in 2022: GlobalData
This follows the ban on wheat exports India imposed.
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).
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Retailers are shifting towards emotional engagement and omnichannel experiences to retain customers.
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Why e-commerce winners in SEA are rethinking operating models
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