News

India's urban e-commerce thriving amidst economic challenges: report

Pandemic-induced restrictions accelerated the adoption of e-commerce.

India's urban e-commerce thriving amidst economic challenges: report

Pandemic-induced restrictions accelerated the adoption of e-commerce.

Metro Retail expands presence in Visayas with four new supermarkets

It currently operates 64 stores across the Philippines, with 42 branches in the Visayas.

Australia leads alcoholic ready-to-drink innovation

It accounted for 40% of all new brand launches and sub-brand introductions in the alcohol RTD sector in 2023.

Rakuten Ichiba launches Rakuten AI University to boost merchant efficiency

The RMS AI Assistant (Beta) offers features such as automated product descriptions, image processing, and text generation.

Ingka Group implements further price reductions to boost affordability

The company has already slashed prices twice, resulting in increased sales volumes.

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.

Half of Asian consumers prioritise inner beauty in F&B choices

43% of Asian consumers are highly inclined to buy products endorsed by social media influencers.

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.

Foodpanda launches new private label range “bright”

New product line aims to enhance customer satisfaction and retention.

Mintel: consumers favour brands that align with personal values

Consumers value authenticity in brand choices, says analyst.