News
Australian household spending jumps 10.2% YoY in June
Spending in categories most affected by COVID-19 is now back to pre-pandemic levels.
Australian household spending jumps 10.2% YoY in June
Spending in categories most affected by COVID-19 is now back to pre-pandemic levels.
China leads e-commerce market across the globe: report
Sales in China’s e-commerce market were valued at $2t.
Meta to halt Facebook live shopping events
This will take effect on 1 October.
Weekly News Wrap: Fast Retailing opens GU brand store in US; India's Nykaa expects stronger demand from festival season
And leadership issues blamed for Singapore-based Zilingo’s decline.
Central Retail invests THB300m in new home improvement store
The new store offers more than 40,000 items.
Philippines’ food brand BALAI goes public
The IPO raised P203.8m.
Watsons China rolls out Health Care Zone in over 1,200 stores
The Health Care Zone will also be accessible online.
Consumer spending in Kuwait to grow nearly 7% in 2022
This is thanks to eased restrictions and low jobless rate amongst others.
Reliance Brands ‘well positioned’ to tap India’s luxury apparel market
The company recently partnered with Balenciaga amongst other high-end brands.
Open for business: TikTok Shop launches in Singapore
The in-app feature is in support of local businesses.
Reliance Brands brings Balenciaga to India
The company will be the sole India partner of the luxury brand in India.
Japanese brand GU to open first store in the US
Its pop-up store will be located in Soho, New York.
Alibaba’s net income drops 53% YoY to $3b in Q2 2022
This is affected by the decline in the income from operations, amongst others.
ShopBack to expand footprint to Hong Kong on 8 August
Over 250 merchants in Hong Kong have onboarded ShopBack.
Robinson Retail net income doubles in Q2
The company recorded a 124% net income growth to P1.68b.
SMIC net income jumps 27% YoY to $457.6m in H1 2022
It is supported by the strong retail activity due to higher foot traffic in malls.
E-commerce market to reach over $20t by 2025
The market will be led by sportswear brands Nike, and Adidas.
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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.
