Jaleen Ramos
Esprit suffers $298.9m net loss for FY2023 amidst challenging economic environment
Esprit suffers $298.9m net loss for FY2023 amidst challenging economic environment
The group's total revenue was down 16% YoY to $7.6m.
Jollibee invests $28m in beverage firm Botrista
The investment aligns with its goal of tapping into the growing market for beverages globally.
JD Super and Quinta do Noval partner to bring premium Portuguese wines to China
It will expand the selection of Portuguese wines on JD Super’s platform.
Ingka Investments completes acquisition of Ikano Bank
It is expected to strengthen IKEA's financial services portfolio.
Fast Retailing warns on phishing scam targeting UNIQLO customers
It deceives individuals into disclosing personal information or making monetary transfers.
Asia's retail sector thrives amidst e-commerce dominance
Sectors such as apparel, accessories, home décor, and furnishing showed signs of recovery.
Starbucks certifies over 6,000 Greener Stores globally
The initiative is also now extending into new markets such as India, Hong Kong, and Costa Rica.
Flipkart invests $54m in Myntra to fuel India's fashion e-commerce boom
Fashion spending in India is projected to increase by 13.4% YoY in 2024.
Nearly 7 in 10 SEA consumers prioritise essential purchases due to inflation
To cope with inflation, 69% are sticking to essential purchases, while 55% are cutting back on non-essentials.
Alternative payments lead China's e-commerce with 67.3% share
Bank transfers and payment cards hold a 14.9% share of e-commerce transactions.
1 in 2 shoppers plan to boost online shopping: Airwallex
Around 61% of consumers perceived international merchants as trustworthy.
Coca-Cola Singapore installs robotic automation for assembly and packing lines
It features a smart vision detection system and an expandable end-of-arm tool for increased efficiency.
Aris Maroulis named TUMI VP for Asia-Pacific and Middle East
He will spearhead the brand's operations and business development in Hong Kong.
Sephora to exit South Korean market in May
It will gradually end its online, mobile app, and offline operations.
China Jo-Jo Drugstores meets Nasdaq's minimum bid price requirement
This follows the company's failure to maintain a $1.00 minimum bid price for 30 consecutive trading days.
Mobile and digital wallets surpass traditional payments in India's e-commerce
Cash transactions only comprise 6.2% of online purchases.
China leads US apparel market despite shipment decline
The Asian country's shipment volume was down by 18%.
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