News
Watsons China rolls out Health Care Zone in over 1,200 stores
The Health Care Zone will also be accessible online.
Consumer spending in Kuwait to grow nearly 7% in 2022
This is thanks to eased restrictions and low jobless rate amongst others.
Reliance Brands ‘well positioned’ to tap India’s luxury apparel market
The company recently partnered with Balenciaga amongst other high-end brands.
Open for business: TikTok Shop launches in Singapore
The in-app feature is in support of local businesses.
Reliance Brands brings Balenciaga to India
The company will be the sole India partner of the luxury brand in India.
Japanese brand GU to open first store in the US
Its pop-up store will be located in Soho, New York.
Alibaba’s net income drops 53% YoY to $3b in Q2 2022
This is affected by the decline in the income from operations, amongst others.
ShopBack to expand footprint to Hong Kong on 8 August
Over 250 merchants in Hong Kong have onboarded ShopBack.
Robinson Retail net income doubles in Q2
The company recorded a 124% net income growth to P1.68b.
SMIC net income jumps 27% YoY to $457.6m in H1 2022
It is supported by the strong retail activity due to higher foot traffic in malls.
E-commerce market to reach over $20t by 2025
The market will be led by sportswear brands Nike, and Adidas.
Tmall Global to incubate 1,000 international brands
It seeks to support the brands in marketing and cross-border logistics.
Fashion house Max Mara launches store on JD Luxury
The store released a T-shirt exclusively on the platform.
Philippines’ SMFB posts 8% net income growth in H1
The company also saw its highest level of revenue and profitability since 2018.
Australia’s retail sales up 1.4% in Q2
This is the third consecutive growth since Q4 2021.
Weekly News Wrap: Alibaba deems last year 'most severe' in decades; Zomato plunges as share lock-in period ends
And Japan’s Sankyo Seiko to purchase a French luxury fashion house.
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