News
Hong Kong retail sales to climb by 13% in 2023: report
It is projected to amount to HK$395b (approximately US$50.3b).
Hong Kong retail sales to climb by 13% in 2023: report
It is projected to amount to HK$395b (approximately US$50.3b).
Retailers need to address inflation woes amidst sustainability push
There is pressure from investors, regulators, and consumers that compels companies to pursue sustainability.
Daraz to reduce employees by 11%
The company has to refocus its business following the challenges in the past 12 months.
JCube mall to stop operations on 7 August
Its site will be converted into a 40-storey residential development.
H&M Singapore to close doors of ION Orchard store
This will take effect in March.
Luxury sales in China to rebound to 2021 levels this year
This comes after the luxury market contracted in 2022.
China’s luxury market sees more ‘Very Important Clients’ despite 2022 contraction
VIC sales were higher than the 40% global average, Bain & Company reported.
China’s luxury market contracts by 10% in 2022
This is the first time the market shrunk in the last five years.
Customised, interactive experience key to attracting customers
Brands should offer personal touchpoints to customers, amongst others.
What could make shoppers switch to another luxury brand
Chinese consumers give emphasis on whether the brand is aligned with their identity.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years.
Central Retail invests US$836m to drive sustainable growth
The company expects a US$8.065b (THB270b) revenue growth.
Luxury Business Group, WorldBridge partner to develop Cambodia’s retail sector
They will provide consulting services, amongst others.
Retail volumes in Australia dip by 0.2% in Q4
This breaks four consecutive months of growth.
SHEIN names new chair for Latin America office
Marcelo Claure will lead the company’s Latin American strategy and stakeholder affairs.
South Korea’s retail sales up 9.2% YoY in 2022
Both online and offline sales posted strong growth.
These are the most used mobile shopping apps
This is based on the global active users between January and December 2022.