Jaleen Ramos
APAC consumers embrace cost-conscious spending
APAC consumers embrace cost-conscious spending
They are focusing on products that offer better functionality, quality, convenience, and health benefits.
China’s luxury market declines 20% in 2024
The rise of Daigou trading remains a concern for luxury brands.
8 in 10 consumers plan to buy natural diamond jewellery in 2025
Over 90% of respondents intend to purchase a gift this year.
Abercrombie & Fitch expands in HK with new store openings
These are part of the brand's push to expand its retail presence in the region.
Restaurant confidence index in HK rises to 6 in Q4
63% of restaurants expect Lunar New Year and Valentine’s Day to positively affect their business.
Retail growth in APAC to continue amidst regional differences
In China, a net negative trend is expected to intensify.
Xiaohongshu, Taobao could help Singapore brands reach more Chinese clients
Retailers less familiar with the China market could start with Tmall and JD Worldwide.
Global sportswear industry faces softer growth in 2025
Premium products and innovative features are expected to sustain consumer demand.
APAC retail leasing sees renewed growth in Q4 2024
In Japan, the retail market thrives on tourism-fueled entertainment demand.
Guess Jeans launches in India
Tata CLiQ will be the exclusive retailer for Guess Jeans.
Ingka Investments pledges $1b for recycling infrastructure
It aims to accelerate the availability of recycled materials.
K-beauty platform hwahae global site reaches 100,000 users in 2 months
It also plans to launch a Japanese version of the site this year.
Lanvin Group names new executive president
Eric Chan, the current CEO, will step down and join the board of directors.
JD.com launches gift-giving feature for Chinese New Year
The feature leverages JD’s supply chain to simplify gifting.
IBM, L'Oréal team up to advance AI-driven, sustainable cosmetic formulations
A custom AI model will be created to help L'Oréal develop sustainable and high-performance products.
Australians turn to local bakeries for comfort amidst rising costs
There is an 8% increase in consumer spending on baked goods in early 2024.
Miniso launches flagship store in Thailand
This is a key step in the group’s strategy to expand in Southeast Asia.
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