Jaleen Ramos
85% of A2000 retailers in Asia-Pacific to invest in GenAI by 2027
85% of A2000 retailers in Asia-Pacific to invest in GenAI by 2027
Half of A2000 retailers are projected to implement AI-enabled contextualised recommendations by 2028.
1 in 3 brands launched in 2022 discontinued by 2023: report
Analysts said there is less than 60% chance for new products to survive in the market in the long term.
Birkenstock opens first flagship store in India
The newly-opened store combines Birkenstock's focus on function, quality, and tradition with India's cultural richness.
JD.com launches ‘Trade-in Alliance for Household Appliances and Home Goods’
The move aims to expand and enhance trade-in services across China.
L'Occitane International announces $1.8b privatisation offer
The $1.8b take-private deal sets the company’s equity value at $6b.
Philippines’ SM Prime Holdings to open four new malls in 2024
It is part of the company's strategy to expand its presence nationwide.
Vinhomes launches new entertainment and shopping hubs
It aims to provide residents with top-tier amenities and infrastructure that reflect global trends.
foodpanda launches house brand ‘bright’
It offers a broader range of products covering fresh meats, ready-to-eat meals, pantry staples, beverages, snacks, and cleaning supplies.
Payment cards drive over 50% of Australia's e-commerce transactions
The country’s e-commerce market is anticipated to hit $72.9b by 2028.
How Gen Z's thirst for innovation shapes cocktail culture
Gen Z consumers report higher spending on pubs, clubs, or bars.
FairPrice Group offers over $4.5m in May Day discounts
From 25 April, union members get a 50% discount on selected essential items for three weeks.
Sephora launches DRUNK ELEPHANT in Mainland China
It is now accessible in Sephora stores located in major cities such as Beijing, Shanghai, Guangzhou, and Chengdu.
Chanel tops South Korea's luxury market
It surpassed Louis Vuitton with sales of $1.2b (KRW1.7t).
AI-powered personalisation paints the future of retail
Businesses use AI to gain deeper insights into consumer needs and preferences for more customised omnichannel offerings.
New Zealand retailers anticipate sluggish winter sales
32% of businesses are uncertain about surviving in the next 12 months.
Chocolate crisis looms as cocoa prices surge
The surge is primarily attributed to the severe global shortage of cocoa.
How cost-per-wear redefines fashion value
This metric evaluates an item's value based on its frequency of use, lifespan, and resale potential.
Commentary
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