Charmaine Tadalan

adidas’ Greater China market posts revenue decline

Its revenue from the market dropped by 36% in 2022. 

Prada sees 2% sales decline in APAC in 2022

Retail sales stood at €1.23m (US$1.30b). 

JFC posts 26.4% net income growth in 2022

The Philippine-based food chain also recorded a sales growth of 40.2%.

Baby food sales in Taiwan to grow despite birth rate decline

GlobalData projected it to expand between 3-4% annually. 

Why shoppers still buy in-store

Some shoppers like seeing the product in-store before buying online.

Australian retailer Coles eyes Thailand’s health food and drinks market

Coles recently signed an agreement with Central Food Retail.

Over 70% of consumers at risk of falling victim to digital fraud

This includes emails that offer free gifts and exclusive deals. 

Most shoppers want to see products in-store before ordering online

61% of consumers in the Asia Pacific agreed to this, higher compared to Europe and the Americas. 

Philippine-based hard discount store DALI bags $15m ADB investment

DALI is the first hard discount retail firm in the Philippines. 

Central Retail’s expansion hinges on tourism-driven growth

Central Retail announced plans to invest US$826.6m in 2023.

Central Retail net profit up by over 2,600% in 2022

Its net profit amounted to THB7.605b (US$220m). 

Philippines’ F&B firm Universal Robina posts 12% net income growth

Net income from continuing operations stood at P14.5b (US$263m).