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Weekly News Wrap: New Shibuya awaits tourists to Japan; Naver buys US-based Poshmark in $1.2b deal
Weekly News Wrap: New Shibuya awaits tourists to Japan; Naver buys US-based Poshmark in $1.2b deal
And India's Nykaa forges an alliance with Dubai's Apparel Group in the Gulf region.
Central Retail launches premium food store ‘Tops Fine Food’ in Thailand
The new formats store offers more than 8,000 items.
Household spending in Australia rises by 29% in August
This is the 18th consecutive month of growth, the Australian Bureau of Statistics said.
Sephora launches new order management system in Australia
The new platform will allow customers to avail of the Click & Collect service, amongst others.
Six in 10 Asian shoppers to spend more this holiday season
This is linked to the strong financial resilience in the market.
Seven & i net income posts over 27% growth in H1
Its net income attributable to owners amounted to JPY136b ($934.8b).
FairPrice, A*STAR rolls out “BINgo” smart bins
This is to help promote recycling amongst Singaporeans.
Fei Siong Group inks deal to operate Popeyes restaurants in SG
It signed an agreement with a subsidiary of Restaurant Brands International.
Retail Asia Awards opens nominations for outstanding retailers
Deadline of submission is on 24 March 2023.
France’s Lemaire launches e-commerce channel on Alibaba's platform
Its product offerings include its Fall/Winter 2022 collection.
Robotic process automation gains traction amongst retailers
Discussions amongst retailers grew 52% in 2022.
Shein plans to reduce GHG emissions by 25% by 2030
These include shifting to renewable energy and increasing energy efficiency.
Australia’s trade surplus narrows in August
Its surplus stood at $8.32b, the ABS reported.
China’s wine market to grow 11.5% between 2021-2026: report
This comes as its economy rebounds.
Shopee strengthens fight against counterfeit pharmaceutical products
It has partnered with the Pharmaceutical Security Institute to educate both sellers and shoppers.
Australia’s retail sales inch up in August
Retail sales rose 0.6% during the month.
Weekly News Wrap: Slow reopening puts off Hong Kong’s retail recovery; JD founder settles U.S. rape civil suit
And Reliance launches its first in-house premium fashion store.
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This has already led to improved click and conversion rates for the group.
