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Around 1 in 2 Thai consumers delay or cancel purchase due to inflation
Around 1 in 2 Thai consumers delay or cancel purchase due to inflation
They are spending less on clothes and accessories, and on dining out.
What are the ‘biggest turn-offs’ for APAC luxury consumers?
Lack of transparency on sustainability efforts is the top reason.
Need for retailers to adopt sustainability is ‘very urgent’
Retailers face an urgent need to adopt sustainable practices, navigating consumer perceptions and innovative labeling systems.
How the “new normal” of global travel will impact the fashion industry
Tourism is expected to hit and even exceed pre-pandemic levels by 10% in 2024.
Shopee Malaysia achieves record-high 34 million hours of livestreaming and online selling in 2023
It also attained 3.5 billion instances of live engagement with local influencers and sellers.
Generative AI is the next creative path in fashion
Nearly $14.1b was invested into AI-focused startups.
Seven & i Holdings to buy Australian 7-11 franchise
There are 751 7-Eleven outlets in Australia.
Non-alcoholic beverages gain $83m from sports sponsorships
Rugby is the most lucrative market with $14.88m in revenue.
Foot Locker to enter the Indian market in 2024
Metro Brands and Nykaa Fashion will license the brand for their respective platforms.
Lemaire enters South Korean luxury market
It will be the first flagship store outside of France.
Around 9 in 10 APAC consumers to stop, reconsider buying from brands that do not prioritise sustainability
Over two-thirds of the consumer will buy more from sustainable brands.
Singapore retail job postings up 9.2% ahead of festive season
Job seekers in the retail sector also rose by 7.6%.
Central Retail launches 'retailtainment' concept in new Robinson store
With over 350 brands, Robinson Lifestyle Chalong is the 28th location.
Wellness Pragmatists: Consumers shift to products that deliver immediate benefits
Brands should craft functional and simple solutions that they can easily adopt.
More than half of consumers take climate action seriously
This is a marginal improvement from 64% in 2021 to 66% in 2023.
Amazon expands employee assistance programme to children
This allows children of its Singapore employees to seek mental health support for free.
Decathlon buys German outdoor retailer Bergfreunde
Bergfreunde will operate independently whilst remaining under Decathlon’s umbrella.
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This has already led to improved click and conversion rates for the group.
