News
China’s wine market to grow 11.5% between 2021-2026: report
This comes as its economy rebounds.
Shopee strengthens fight against counterfeit pharmaceutical products
It has partnered with the Pharmaceutical Security Institute to educate both sellers and shoppers.
Australia’s retail sales inch up in August
Retail sales rose 0.6% during the month.
Weekly News Wrap: Slow reopening puts off Hong Kong’s retail recovery; JD founder settles U.S. rape civil suit
And Reliance launches its first in-house premium fashion store.
Retailers raise ICT budget in 2022: GlobalData
Over 80% increased investment amidst digital tech trends in improving supply chain and customer experience.
Australia’s wine market to grow by 4.6% between 2021-2026: report
This comes as more consumers resume social drinking.
Rakuten eyes carbon neutrality by 2023
It is amongst the companies that joined the RE100 initiative.
Isetan Mitsukoshi posts over 145% sales growth in Tokyo stores
It also saw a 133% increase in its domestic department stores.
Nike’s net income stumbles 22% in Q1 2023
Its net income stood at $1.46b in the three months ending in August 2022.
Consumer spending in Indonesia to see ‘strong growth’ in 2022
But it will slip slight in 2023.
‘Stunted’ disposable income growth to drag HK, China consumer spending
Disposable income in the market is expected to average 3.3% in 2022.
International borders reopening to boost HK’s luxury market
Hong Kong is home to a large number of global luxury retailers.
Red Ribbon PH opens 38th bakeshop in the US
It is its fourth location in San Diego.
Malaysia’s foodservice profit to see nearly 9% growth through 2026
It is expected to reach $23.5b in 2026.
Central Retail’s membership store Tops CLUB opens door
It offers imported products from exclusive brands across the globe.
Alternative e-commerce gains traction led by business messaging
They accounted for around 25% of online spending in Thailand and the Philippines.