Jaleen Ramos

2024 is proving to be a challenging year for luxury across Asia. The first half of the year has seen significant sales declines for most luxury and mid-tier brands across the region. This is largely due to a slowdown in China with fewer Chinese travelling as a result of the poor economy. With residential prices falling, unemployment growing and the stock market ailing, most people in China are preferring to save their money rather than spend it. Only the super-rich have the appetite to keep spending on luxury.

Modern consumers are seeking versatile products with minimal environmental impact.

Eveline Albarracin has been named senior vice president and managing director.

He will succeed Masahiko Uotani, who will retire as chairman and CEO.

The fast food chain assures that no jobs will be lost due to this innovation.

This includes the restaurants, apparel, and home appliances sectors.

It covers over 5,000 square meters and offers more than 10,000 products.

Incorporating sustainability features alongside performance and quality is deemed crucial.

A key highlight is an art installation made from horsehair using a 500-year-old hat-making technique.

The delays have affected approximately 60,000 sellers.

About 94% of restaurants view food delivery platforms as crucial.

As we enter the second half of 2024, many retailers – from digital natives, to multi-channel retailers that have a digital presence – will be looking to gear up for various shopping festivals and dates. These include Singles’ day, Cyber Monday and End of Year festivities, just to name a few. These festivities present a critical opportunity for merchants to showcase their offerings online to a vast consumer audience. However, competition amongst retailers is fierce, particularly in Asia with many businesses leveraging dynamic marketing tactics such as interactive campaigns, live streaming, and social media promotion to entice and engage new customers.

These 2D barcodes function as a compact data repository.

Stanley Co will assume the role starting on 1 January 2025.

Sixty percent of its 12 retail brands now use EVs for warehouse-to-store and online deliveries.

China's market is pressured by rising outbound tourism and declining local demand.