Stores
Steady growth ahead for Australia’s retail spending
Steady growth ahead for Australia’s retail spending
The country is not expected to return to another strict lockdown.
Shakey’s opens first Peri-Peri ‘fly-thru’ store in the Philippines
The new store is also the 54th outlet of Peri-Peri.
Consumers in Australia remain cautious amidst high cases
Despite, retail sales showed signs of improvement.
JD Logistics to acquire Deppon Logistics
The acquisition is worth $1.4b.
Central Retail expands further with new Thai Watsadu branch
The company invested some THB500m for the store’s 61st branch.
China retail sales grew 6.7% YoY in January, February
Online retail sales grew 10.2% year-on-year, according to NBS.
Weekly News Wrap: Fukushima’s F&B businesses woo back diners; Swire Pacific invests in retail-led projects in China
And Yum China’s shares dive amidst auditing dispute with US regulators.
China rolls out policy support to buoy retail growth
Support is expected to strengthen if retail sales do not stabilise in the next few months.
Coupang establishes new office in Yanji, China
Some 230 employees are working in the office.
Which Southeast Asian companies made it to the Top 250 retailers?
These were from Thailand, Indonesia, Philippines, and Vietnam.
Around 60 APAC companies included in Top 250 retailers
China’s JD.com, Inc., which is the top company from the region, ranked 9th globally.
Starbucks opens new store in Malaysia
The new store marks the Starbucks’ presence in all states and federal territories in Malaysia.
UNIQLO temporarily suspends operations in Russia amidst conflict
The company also condemned all forms of aggression that violate human rights.
Kuwait household spending to grow 6.7% in 2022
It is expected to reach $31.9b, surpassing pre-pandemic spending levels.
Greater China, APAC drag Adidas’ sales growth in 2021
The market reduced Adidas’ revenue growth by €1.5b.
Central Retail expands in Thailand’s Eastern Economic Corridor
The company will open a new shopping center – Robinson Lifestyle and Robinson Department Store Ban Chang.
Philippines' URC net income surges 109% YoY to $465.4m in 2021
This is on the back of the sale of its Oceania business.
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