News
Partygoers are ditching suits and formal dresses
Only 25% prefer wearing formal attire at events.
Digital economy in Southeast Asia to grow 20% in 2022
The region’s GMV is expected to be at $200b.
Singaporean’s spending to slow down in 2023: report
Real household spending is expected to grow by 2.28%.
Over 70% of consumers are willing to pay more for sustainable products
But, most shoppers have not done so in practice.
What’s the ‘hottest’ investment country in Southeast Asia?
Its digital economy is expected to grow by 22% to $18b in 2022.
Rising costs to drive secondhand fashion: report
The apparel resale market to grow 85.5% between 2022 and 2026.
Around 200,000 more Australian consumers shopped online in H1 2022: report
Nearly 84% of consumers have used online shopping platforms in the past six months.
Australia’s e-commerce market to reach over $50b in 2022: report
The market is projected to grow by 13% during the quarter.
Alibaba’s market cap down by 30.3% in Q3
Its value stood at $212b.
California-based Oakley launches flagship store on J Shop
The sports brand touts over 750 patents.
Weekly News Wrap: Posh ice cream, smart appliance in vogue in China; Indian economy awaits shopping season boost
Reliance is in talks to acquire Germany-based Metro’s India business.
Japan’s foodservice sector gains from tourism revival
The reopened borders and weaker yen are expected to attract tourists.
SHEIN launches resale platform
It is piloted in the US but is planned to be rolled out in other markets next year.
Love, Bonito acquires activewear brand butter
The brand will be now known as “cheak.”
IKEA franchisee Ikano Retail’s revenue up 41.2% YoY to S$1.63b in FY 2022
This is the first time it exceeded the EUR1b mark.
US-based Five Guys eyes expanding to South Korea
The burger chain has inked an agreement with the Galleria department store to open next year.
UNIQLO International operating profit rises 42% in 2022
Its Europe and US markets particularly saw a large improvement.
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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.
