Stores
South Korean restaurants feel the pinch of surging delivery costs
Higher demand for food delivery workers has ramped up the cost of labour in the industry.
Weekly News Wrap: High inflation a boon for Aussie supermarkets; PDD splashes on Super Bowl ad for US site
And Uniqlo ramps up marketing campaigns in the US.
Vietnam’s retail sector shows signs of recovery: report
Retail sales in the country rose 20% in January.
South Korean department stores enjoy sales rebound
Many reported growth in sales from foreign customers.
Central Retail invests US$1.45b in Vietnam operations
The company plans to generate some US$4.3b in sales by 2027.
Suntory Group posts nearly 20% profit growth in 2022
Its profit stood at JPY136.2b, approximately US$1.01b.
Starbucks to open 400 stores in APAC in 2023
Its newly-opened 5,000th store is located in Gwanyang-si, South Korea.
Philippines’ baby food market to shrink by 4.5% annually until 2028
This is due to the lower childbirth rates and rising inflation.
Weekly News Wrap: Chinese retailers offer discounts on iPhones; Lawson weighing options for China unit
And Dongwon Industries eyes acquiring McDonald's Korea.
Luxury retailers to expand China offerings to other festivals: report
Retail sales in the country have generally been stronger during cultural festivities.
Shiseido launches NARS Cosmetics in India
It aims to ramp up its growth in Asia Pacific.
Convenience stores go green in South Korea
Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.
Weekly News Wrap: Luxury stocks rally from China reopening; Australian retailers take hit from hesitant consumers
And JD.com to shut down Indonesia, Thailand shopping sites.
Retailers need to address inflation woes amidst sustainability push
There is pressure from investors, regulators, and consumers that compels companies to pursue sustainability.
H&M Singapore to close doors of ION Orchard store
This will take effect in March.
Customised, interactive experience key to attracting customers
Brands should offer personal touchpoints to customers, amongst others.