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Wilcon Depot's net income dips 9.5% YoY on rising expenses
Wilcon Depot's net income dips 9.5% YoY on rising expenses
This is despite a 3.1% growth due to sales from new stores.
Alternative payments lead China's e-commerce with 67.3% share
Bank transfers and payment cards hold a 14.9% share of e-commerce transactions.
1 in 2 shoppers plan to boost online shopping: Airwallex
Around 61% of consumers perceived international merchants as trustworthy.
Coca-Cola Singapore installs robotic automation for assembly and packing lines
It features a smart vision detection system and an expandable end-of-arm tool for increased efficiency.
Aris Maroulis named TUMI VP for Asia-Pacific and Middle East
He will spearhead the brand's operations and business development in Hong Kong.
Boomers seen as untapped, accessible market in e-commerce
Boomers' online spending power underutilised in ads.
Decathlon and Carousell launch official second-hand bike store
The Official Decathlon Carousell Store allows users to buy and sell second-hand bicycles.
Sephora to exit South Korean market in May
It will gradually end its online, mobile app, and offline operations.
China Jo-Jo Drugstores meets Nasdaq's minimum bid price requirement
This follows the company's failure to maintain a $1.00 minimum bid price for 30 consecutive trading days.
Mobile and digital wallets surpass traditional payments in India's e-commerce
Cash transactions only comprise 6.2% of online purchases.
China leads US apparel market despite shipment decline
The Asian country's shipment volume was down by 18%.
Brady Brewer named Starbucks International CEO
He will oversee the teams in APAC, EMEA, Japan and LAC.
Around 7 in 10 Gen Zs in Southeast Asia prefer e-commerce
56% of social commerce platform visitors shifted to e-commerce to complete their purchases.
Alibaba Group to invest $1.1b in South Korea for business expansion
It intends to invest $200m for the logistics hub and $100m to support South Korean SMEs.
APAC’s social commerce industry to grow by 12.3% in 2024
APAC consumers prefer online vs in-store shopping.
Australian businesses embrace pop-ups for omnichannel success
It offers businesses a low-cost way to maintain a physical presence without the expenses of traditional stores.
Asia Pacific and MEA witness rising secondhand spending as sustainability trend grows
At the forefront are India, China, and Saudi Arabia.
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This has already led to improved click and conversion rates for the group.
