APAC
Weekly News Wrap: Chinese brands dominated Singles Day best-sellers; Alibaba did not disclose 11.11 sales for the first time
Weekly News Wrap: Chinese brands dominated Singles Day best-sellers; Alibaba did not disclose 11.11 sales for the first time
And Shein opens its first physical store in Tokyo.
Yeezy termination drags adidas 2022 outlook
The company ended the Yeezy partnership in October.
Crocs’ APAC revenue soars 65.5% YoY in Q3
It has 153 stores across the region.
adidas AG appoints new CEO
Bjørn Gulden will assume the post in January 2023.
Weekly News Wrap: UK-based Ocado enters South Korea in Lotte deal; Reliance Retail in talks to enter salon business
And China-based Shein expands operations in the United States.
Partygoers are ditching suits and formal dresses
Only 25% prefer wearing formal attire at events.
Over 70% of consumers are willing to pay more for sustainable products
But, most shoppers have not done so in practice.
Rising costs to drive secondhand fashion: report
The apparel resale market to grow 85.5% between 2022 and 2026.
Combating payment fraud in an increasingly digital world
The rise of digital payment channels has brought new opportunities for bad actors to target customers and businesses.
LexisNexis Risk Solutions webinar to highlight fraud prevention strategies for new payment channels
The retail industry is urged to counter fraudulent activities and develop strategies towards early detection.
Weekly News Wrap: Posh ice cream, smart appliance in vogue in China; Indian economy awaits shopping season boost
Reliance is in talks to acquire Germany-based Metro’s India business.
SHEIN launches resale platform
It is piloted in the US but is planned to be rolled out in other markets next year.
Diversifying supply sources needed to reduce business risk, says RSM partner
David pointed out how companies’ efforts to expand their social commerce space play a significant factor today.
IKEA franchisee Ikano Retail’s revenue up 41.2% YoY to S$1.63b in FY 2022
This is the first time it exceeded the EUR1b mark.
UNIQLO International operating profit rises 42% in 2022
Its Europe and US markets particularly saw a large improvement.
Saudi Arabia’s growing high-income market attracts luxury brands
Hermès recently expanded in the country.
Reshaping the retail market with self-service systems
The virtual fireside chat highlights the importance of the solution in improving customer experience amidst a highly digitalised retail industry.
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This has already led to improved click and conversion rates for the group.
