Stores
Asia retail sales to grow 7% annually to 2026
Asia retail sales to grow 7% annually to 2026
This will be driven by strong digitalisation, and consumer confidence, amongst others.
China’s FMCG retailers must compete amidst growing digitization: Bain
Retailers must focus on categories that continue to have low online penetration.
Alibaba Group retains post as Asia’s top retailer in 2021
Its sales last year reached $478.9b.
Over half of brands want to improve experience in existing channels
The majority of customers also want to interact with brands in more than one channel.
Around 2 in 5 brands use first-party data to deliver personalised customer experiences
Businesses said first-party data has higher quality and provides better privacy.
Jollibee rebounds to P6.3b after 2020 loss
Its 2021 operating income is nearly at the same level as 2019.
Around 3 in 5 consumers expect personalised shopping experience
However, only 40% trust brands to use their data responsibly and keep it safe.
Jio-bp to install EV charging, battery swapping stations at Nexus Malls
The charging hubs will be accessible in five malls as part of the first phase of the rollout.
Philippine-firm AllHome expands PetBuddy store in four new locations
Euromonitor International had reported that interest in pet care will be sustained in the Philippines.
Japan’s consumer co-ops raise $6.5m for Ukraine
The proceeds has been donated to UNICEF and other organizations.
Intime’s Hangzhou store offers free rides to customers
The service does not require minimum purchases from shoppers.
Tighter competition expected for Bangkok’s retail sector in 2022
The sector’s outlook is expected to suffer weaker consumer confidence.
MINISO opens doors of first flagship store in Malaysia
The MINISO 3.0 features a brand new toy section.
Consumers now equally rely on in-store, online for shopping
Around 67% discover new products in-store, and 66% through mobile phones.
Mega Sale days lead to new product discovery: report
Around 94% of APAC consumers are keen on trying new brands during Mega Sale days.
Figaro Group on track to reach 150-store target
Currently, the group has 30 new stores under construction.
Kuwait’s consumer spending to grow 6.2% in 2022
This is due to Kuwait's recovery from COVID-19.
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