Stores
Starbucks Korea vows to recycle all coffee grounds by 2027
Starbucks Korea vows to recycle all coffee grounds by 2027
Coffee grounds were reclassified as recirculation resources last March.
AllDay Supermarket profit climbs 33% in Q1 despite Omicron threat
Its net profit stood at P95m (approx. US$1.8m), up from P71m (US$1.3m).
Weekly News Wrap: Luxury brands navigate Shanghai lockdown; Amazon slams Reliance takeover of Future stores
And fast-fashion retailer Shein is seeing a slowdown in growth.
India’s Big Bazaar maintains lead with boost from young shoppers, online investments
GlobalData reported that 59% of Indian consumers shop at Big Bazaar.
Shakey’s PIZZA more than doubles net income to P76m in Q1
This was driven in part by a strong resurgence of dine-in sales.
Carousell to acquire Singapore’s Refash
The acquisition will simplify the selling process for time-starved users.
Central Retail Corporation net profit soars 189% YoY in Q1 2022
Its sales exceeded targets and were up by 16%.
JFC net income skyrockets to $43.9m in Q1 2022
The increase from $2.9m in Q1 2021 is backed by property transfer and sales.
Subway, Pegacorn ink agreement for expansion in Peninsular Malaysia
Around 500 Subway stores will be opened under the master franchise agreement.
Reliance picked as official retailer of Tod’s S.p.A.
The company will be a franchisee of the shoemaker brand across all categories.
7-Eleven Hong Kong launches bags with Peanuts characters
The bag was designed by Japanese denim label FDMTL.
Weekly News Wrap: Thai army boycotts Lazada; Tax, input costs hit Reliance’s profits
And Indian grocery startup Zepto raises $200m in fresh funding.
APAC’s Q1 retail growth momentum dragged by movement restrictions anew
Greater China was the most affected due to strict lockdowns.
Comfortable office furniture doesn’t have to cost ‘silly money’: ErgoTune and EverDesk+
The Singapore brands brought ergonomic chairs and desks to overseas markets with prices starting at $399 and $599, respectively.
Hong Kong retail sales drop 13.8% YoY in March
Local epidemic situation dampened consumption confidence
Tailor-fitting retail stores to catch up on the digitisation race
Retailers would need over 200 hours to manually digitise their products, but Fairmart claims this could be trimmed down to zero.
South Korea’s Genesis BBQ opens six shops in US
The fried chicken chain now has 150 shops in 19 states in the country.
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