APAC
How Amazon prevents counterfeit products on its platform
How Amazon prevents counterfeit products on its platform
It stopped six million fake products from being sold in 2022.
Social commerce growth expected to triple vs e-commerce, says EY leader
This comes amidst the accessibility and popularity of social media usage amongst younger generations.
L'Oréal to acquire Australian beauty brand Aesop
The transaction will close in the third quarter of the year.
Toys”R”Us Asia names new CEO
The appointment of Leo Tsoi took effect on 1 April.
FMCG sector firms in Top 250 retailers post 4.7% YoY revenue growth
It accounted for 63.8% of the total revenue.
Supplier collaboration helps identify bottlenecks, address sustainability programmes: Euromonitor
This comes as retailers are equipped with an increasing variety of technologies to cater to changing consumer needs.
Thai restaurant tops Asia’s 50 Best Restaurant
A total of nine restaurants from Bangkok made it to the list.
Why retailers integrate technology in their operations
This includes virtual and augmented reality, and data analytics, amongst others.
H&M outperforms over 40 fashion brands in emissions reductions
The company scored a B- in Stand.earth’s 2023 Fossil Free Fashion scorecard.
Over two-thirds of largest fashion firms score low in sustainability
Only H&M scored high in the Fossil Free Fashion scorecard.
Where do consumers spend the majority of their budget?
Nearly half of the consumers shop the omnichannel.
APAC e-commerce sales down by nearly 3% YoY
E-commerce sales growth has slowed down globally.
Apparel, accessories sector rebounds in FY2021
The sector’s total revenue was up 31.3% YoY.
60 APAC firms amongst Top 250 Global retailers: Deloitte
China’s JD.com is the top retailer in the region, ranking 7th globally.
L’Oreal invests in biotech for sustainable beauty
This is to include more plant-based ingredients in their beauty products.
Zebra Technologies, Amazon, Microsoft emphasise focus on trust, data and technologies amidst changing shopping behaviours
Customers are now moving towards omnichannel shopping, but retailers must keep in mind that online and in-person shopping are not binary choices.
adidas’ Greater China market posts revenue decline
Its revenue from the market dropped by 36% in 2022.
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This has already led to improved click and conversion rates for the group.
