Charmaine Tadalan
Reliance Retail posts 6.2% net profit growth in Q3 FY2023
Reliance Retail posts 6.2% net profit growth in Q3 FY2023
Its net profit stood at INR2,400 crore during the quarter.
Dickey’s Barbecue Pit to start grilling in first Philippine store
The store will open in the second quarter of 2023.
Is Gen Z becoming the bigger spender in China?
They are rapidly becoming the largest consumer base for luxury brands, KPMG said.
Here’s why 57% of consumers deleted apps in 2022
Consumers are done with mindlessly browsing for hours.
Nearly 60% prefer humans over robots for customer service
Only 19% were comfortable talking to an automated bot.
Three in four shoppers tighten budgets amidst higher prices
Consumers will likely switch to e-commerce for better and cheaper deals.
Over 40% of consumers are not willing to pay extra for green products
This challenges retailers to close the prices of sustainable products to conventional brands.
In-game sales could climb by 23% in 2024: report
This comes as more consumers play immersive video games online.
Robinsons Retail completes BPI buy-in deal
The company purchased 200 million shares of the bank.
UNIQLO Japan’s operating profit drops by 5.6%
Its operating profit stood at JPY39.4b in the first quarter of FY2023.
Fast Retailing Q1 profit contracts 9.1% in FY2023
This is despite a 14.2YoY revenue growth.
Black Friday sales drive up Australia’s November retail turnover
Retail turnover climbed by 1.4% during the month.
Inflation, population woes could melt South Korea’s ice cream market
The market is projected to decline by 5.8% annually until 2026.
South Korea’s make-up market to surge by 5.5%
This will be driven by product innovation and rising online sales.
Malaysia outperforms business expectations in past 12 months: Shopee
More than 145,ooo stores achieved a 25% growth in sales.
Online shoppers in India to grow up to 450 million by 2027
Currently, there are 200 million to 230 million.
Social commerce could add up to $42b to Southeast Asia’s e-commerce market
Social platforms will particular contribute $34b in 2022.
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