News
Macroeconomic uncertainty remains biggest challenge for retailers
The retail sector has been undergoing a significant transformation, particularly in the Asian markets where stores are integrating innovative designs and technology-driven features.
Macroeconomic uncertainty remains biggest challenge for retailers
The retail sector has been undergoing a significant transformation, particularly in the Asian markets where stores are integrating innovative designs and technology-driven features.
Skincare dominates luxury beauty market in Southeast Asia
The luxury beauty market in Southeast Asia and India is experiencing rapid growth, propelled by increasing GDP per capita and a surge in consumer interest in luxury brands.
Time on shopping apps to reach 26.6 billion hours due to holidays
Data.ai’s figures also showed that this is a 6% increase compared to the past quarter.
The majority of SEA consumers will go on a hybrid holiday shopping setup
A study showed that 81% choose mobile for their shopping purchase.
Food inflation concerning for South and Southeast Asia in 2024
El Niño will impact the production of rice, coffee, and cocoa.
How e-commerce starts a new chapter in Southeast Asia
The region will experience a market value of $211b and a growth rate of 22% by 2025.
Fashion supply may face shortfall from extreme weather: report
Several manufacturers may face a 22% shortfall, missing out on US$65 billion in export earnings.
How APAC retailers can prepare for high foot traffic during the holidays
Seasonal hiring, labour optimisation, and inventory management are huge factors for a retailer’s success during loaded shopping periods.
Value over money matters for consumers: Mintel
Consumers are willing to increase spending for more quality products
Consumers seek human connections amidst growing AI adoption: report
Brands will seek out unique human elements as a contrast to faceless algorithms.
Taiwan’s PopChill acquires US$1.9m investment for Hong Kong expansion
The luxury platform sustains a 10% growth every month, with volume surpassing $1m.
Lazada launches sustainability training to Indonesian retailers
Lazada's logistics business unit invited over 30 retailers for the six-month course.
Thailand’s Tanachira Retail debuts on Thai stock exchange
Its net profit reached US$1.95m in H1 2023, up 88.14% from last year.
Southeast Asia, India are ‘next gold rush’ for luxury beauty brands
The luxury beauty markets in the markets will reach $7.6b by 2026.
Around 2 in 5 APAC consumers always use social media for inspiration, purchases
Consumers from China and Thailand lead the regular social media use for transactions.
Travel retail recovery possible despite 29% average spend drop in 2022
Passenger volumes saw a marginal improvement by 75% of 2019 levels.
Relationship Renaissance: Consumers want new intimacy forms
Brands can help consumers in finding points for connection.
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AI prompts fearless dive into corporate reinvention
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Technology
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
