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Building deeper connection with Malaysian shoppers
Building deeper connection with Malaysian shoppers
Industry players and experts highlight the need to reshape retail for shoppers at the Retail Asia Forum in Malaysia.
China’s FMCG sustains rebound in Q1: report
Bain & Company reported a value growth of 1.9% in the first quarter of the year.
Health and beauty industry in APAC to grow 4.7% annually
This is largely driven by improving macroeconomic conditions amongst others.
Australia’s RFG names new CEO
Matthew Marshall’s appointment will take effect on 1 July.
TikTok invests $12.2m to support SMBs in Southeast Asia
The amount will benefit around 120,000 small businesses in the region.
Subway inks largest master franchise deal for China expansion
The deal with FRS will involve the opening of over 4,000 restaurants.
Around 64% of consumers likely to engage with brands collecting data directly
Consumers are more careful in sharing data with third-party collectors.
Nike, EA SPORTS partner to bring new experiences for .SWOOSH members
EA SPORTS experience in.SWOOSH will be available in the coming months.
What drives APAC Gen Zs consumer behaviour
WGSN identified five pillars that Gen Zs prioritise.
Opportunity knocks with ‘premiumisation’ of Southeast Asia’s middle class
Unilever leads the way in catering to the region’s 250-million strong middle class and their stronger purchasing power.
Reliance Consumer buys 51% stake in Lotus Chocolate
The aggregate consideration stood at INR74 crore.
Pride month campaigns should come with ‘active’ LGBTQ+ support
Logo changes are perceived as “shallow” publicity stunt.
Proposed tax hikes could hurt no-alcohol beer in Thailand
A tax hike on no-alcohol beer is being considered to discourage attracting novice drinkers.
Top 25 global retailers post 7.1% revenue growth despite economic woes
GlobalData linked this to the pandemic-driven shift in shopping habits.
Philippines yet to feel impact of lower capitalisation for foreign retailers
Law setting minimal required investment may attract not the big retailers but small and medium-scale foreign businesses.
Over 50% of SG households change grocery buying habits amidst inflation
More than 40% decreased their budgets, whilst nearly 15% allotted a higher budget for groceries.
Localism rises amongst Indian consumers
Local products offer better value for money and are more in line with consumers’ priorities.
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This has already led to improved click and conversion rates for the group.
