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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.
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.
Central Retail launches Tops Vita
It is considered Thailand’s first O2O vitamins retail.
Jollibee's 85th North American location opens in Philadelphia
It is Jollibee's first store in Pennsylvania.
Offline shopping plays key role at purchase stage: report
Around 41% of the spending was done offline.
‘Indulgent’ food segment at ‘high risk’ to inflation: GlobalData
The segment will only grow by 2.2% in volume annually from 2021 to 2024.
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Retailers and brands told to harness data for growth
![Retailers and brands told to harness data for growth]()
The tandem should turn insights into profit strategies, Flying Fish Lab says.
The tandem should turn insights into profit strategies, Flying Fish Lab says.
