Charmaine Tadalan
adidas sees ‘better-than-expected’ growth in China despite 9% revenue decline
adidas sees ‘better-than-expected’ growth in China despite 9% revenue decline
The company recorded ‘flattish sales’ and a small operating profit overall.
Jollibee net income drops by 10% in Q1
Its net income attributable to equity holders stood at P2.1b (US$37.6m).
Suntory Pepsi rolls out 100% recycled PET bottles in Thailand
PET bottles accounted for nearly 60% of soft drinks packaging volume in 2022.
Philippines’ Universal Robina net income flattens in Q1
This is due to higher financing costs and non-cash impairments in its farm business.
Australia’s retail sales up 0.4% in March
This is higher than the 0.2% increase in the previous month.
Brick-and-mortar stores catch up as spending shifts from online to offline
More than 71% of retailers in Asia Pacific plan to expand or add new stores in 2023, according to CBRE retail survey.
Indonesia, Phl struggle to keep up with Southeast Asia’s cashless drive
Zalora reports growth of digital payments to 81.20% in 2022, as connectivity and digitisation fueled hyperconsumerism in the region.
Hong Kong reclaims status as global hub for lifestyle products
The April Lifestyle Fair 2023, hosted by HKTDC, attracted nearly 56,000 buyers from over 130 countries.
Singapore’s coffee sales to see ‘steady’ growth in next five years
The market is expected to grow by 3.2% CAGR over 2022-2027.
Creating smarter fashion with AI
Fashion experts say designers can find a friend in AI, debunking fears it would replace humans.
Retail Asia Forum Bangkok 2023 explores tech in retail to unlock customer value
The event was held on 5 April 2023, at the JW Marriott Bangkok.
Creating space for Gen Zs’ ‘personal brand’ with augmented reality
More than 3 out of 5 Gen Zs think AR will make life easier.
Gen Zs are becoming China’s biggest spenders
21% of these consumers are ready to spend 16% of their income on luxury.
How much shoppers in Southeast Asia save through mega sales
Shopee’s campaigns allow consumers to save on groceries and essentials.
Most consumers in Saudi Arabia use cards to shop online
The e-commerce market is expected to reach $15.7b, GlobalData reported.
Central Retail opens first 24-hour supermarket
It will also come with a Personal Shopper service.
Hot drinks sector in Indonesia to grow nearly 8% through 2027
This is thanks to increased outdoor mobility and tourism rebound, GlobalData reported.
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Retailers are shifting towards emotional engagement and omnichannel experiences to retain customers.
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