APAC
Weekly News Wrap: Luxury giants bank on Chinese return; Apple starts hiring in Malaysia retail bid
And a Japanese whaling firm pins hopes on an ‘unmanned store’ to revive sales.
Weekly News Wrap: Luxury giants bank on Chinese return; Apple starts hiring in Malaysia retail bid
And a Japanese whaling firm pins hopes on an ‘unmanned store’ to revive sales.
LVMH profit up 23% YoY to $22.9b in 2022
Its revenue also hit a record EUR79.2b as its market in Asia remains stable.
Add to cart: travellers now have a shopping basket for travel bookings
Agoda will give a seamless, one-stop travel booking experience.
Weekly News Wrap: Asian retailers lure tourists on Lunar New Year; India plans cheaper finance for small retailers
And luxury firms express optimism about China’s retail recovery.
Gen Z consumers want ‘genuine connection’ when engaging with brands
Around 3 in 5 trust independent consumer reviews.
Consumers demand diversity, inclusivity: report
They are buying from brands that support their values.
Brown-Forman takes home win at FMCG Asia Awards 2022
It has popularised the Jack & Coke mixed drink in partnership with Coca-Cola Philippines.
Consumers give more weight to emotional benefits in purchases: report
Businesses should provide alternative payment methods to capture these consumers.
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.
Weekly News Wrap: Asian retailers ready for China rebound; South Koreans lead as world’s biggest luxury spenders
And Uniqlo owner gives Japan business a jolt with a 40% wage hike.
Around 2 in 5 consumers expect in-person everyday activities: report
Brands should improve their operations to attract these customers.
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.
Fraud Detection, Prevention Must Look Beyond Technology
Risk prevention executives cite a combination of strategy, cooperation, data, good customer service.
LVMH appoints new Louis Vuitton, Christian Dior Couture CEOs
Their appointment will be effective on 1 February.
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Retailers and brands told to harness data for growth
![Retailers and brands told to harness data for growth]()
The tandem should turn insights into profit strategies, Flying Fish Lab says.
The tandem should turn insights into profit strategies, Flying Fish Lab says.
