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Luxury sales in China to rebound to 2021 levels this year
Luxury sales in China to rebound to 2021 levels this year
This comes after the luxury market contracted in 2022.
China’s luxury market sees more ‘Very Important Clients’ despite 2022 contraction
VIC sales were higher than the 40% global average, Bain & Company reported.
China’s luxury market contracts by 10% in 2022
This is the first time the market shrunk in the last five years.
Customised, interactive experience key to attracting customers
Brands should offer personal touchpoints to customers, amongst others.
What could make shoppers switch to another luxury brand
Chinese consumers give emphasis on whether the brand is aligned with their identity.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years.
Central Retail invests US$836m to drive sustainable growth
The company expects a US$8.065b (THB270b) revenue growth.
Luxury Business Group, WorldBridge partner to develop Cambodia’s retail sector
They will provide consulting services, amongst others.
Retail volumes in Australia dip by 0.2% in Q4
This breaks four consecutive months of growth.
SHEIN names new chair for Latin America office
Marcelo Claure will lead the company’s Latin American strategy and stakeholder affairs.
South Korea’s retail sales up 9.2% YoY in 2022
Both online and offline sales posted strong growth.
These are the most used mobile shopping apps
This is based on the global active users between January and December 2022.
Millennials are more likely to engage with brands for product changes
55% would want to influence product innovation, Euromonitor found.
China captures luxury brands despite headwinds: report
The luxury retail market will likely grow 6.1% and 6% in 2023 and 2024, respectively.
JD.com to shutdown e-commerce services in Thailand
This will take effect from 3 March 2023.
Japan’s kaintenzushi restaurant chains eye global expansion
This comes as the chain sees a slow domestic market demand.
Robinsons Retail posts 26.7% income growth in 2022
Its net income stood at P5.73b.
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This has already led to improved click and conversion rates for the group.
