News
Inflation, population woes could melt South Korea’s ice cream market
The market is projected to decline by 5.8% annually until 2026.
Inflation, population woes could melt South Korea’s ice cream market
The market is projected to decline by 5.8% annually until 2026.
Retail industry to face uncertainties in 2023: analyst
Easing economic growth and tax hikes will affect retail transactions.
South Korea’s make-up market to surge by 5.5%
This will be driven by product innovation and rising online sales.
Higher spending bodes well for Thailand’s retail sector: report
Improvement in economic activity has boosted consumer confidence.
Weekly News Wrap: Most Chinese shoppers still cautious of going out; Singaporeans hit the malls before sales tax hike
And China pledges to step up financial support to the catering sector.
Alibaba names Wu Zeming as CTO in management reshuffle
He succeeded Li Cheng in the post immediately.
Australian make-up sector to grow 4.6% annually to 2026: GlobalData
The Australian per capita expenditure on make-up reached $15.2 in 2021.
Nearly 45% of consumers shop online for cheaper options
This was driven by uncertainties in the current economic condition.
Hong Kong retail market momentum depends on full border reopening
Retail sales for the first nine months slightly dipped by 1.3% YoY.
Online shoppers in India to grow up to 450 million by 2027
Currently, there are 200 million to 230 million.
Social commerce could add up to $42b to Southeast Asia’s e-commerce market
Social platforms will particular contribute $34b in 2022.
Malaysia outperforms business expectations in past 12 months: Shopee
More than 145,ooo stores achieved a 25% growth in sales.
Around 6 in 10 AMEA consumers expect sustainability in online shopping
They are interested in sustainability as much as they are in delivery speed.
Luxury market’s last quarter growth hinges on China’s reopening
It will also be boosted by consumer confidence in Europe and America.
Payment cards account for nearly 35% of e-commerce sales in Saudi Arabia
Saudi Arabia’s e-commerce market grew 18%.
Why consumers are spending less on promotional events
The discount they get do not match their expectations.
Around 7 in 10 SEA consumers wait for online sale seasons
The “deal-hunting” behaviour can be seen more in Singapore, Malaysia and Indonesia.
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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.
