India: Reliance ditches Sephora and launches own beauty brand Asia Although talks about Reliance Retail taking over Sephora's franchise rights in India have been abandoned, the Indian retailer is moving into beauty with its own omnichannel brand called Tiara.
China. Starbucks concentrates openings in smaller towns Asia Despite declining sales, Starbucks continues to heavily invest in China. Last year, Starbucks (2022 turnover of US$32.25 billion, up by 11%) opened 724 stores in the country,…
Japan: automated click & collect for duty free purchases Asia Since October 2022, the Japanese company Wamazing has been developing automated “click & collect” for duty free purchases thanks to a system of automated lockers in airports.…
China. Retail market at a standstill and GDP at lowest level since 1976 Asia Last year, retail sales fell in China in parallel with a sharp slowdown in G.D.P. This is reflected in the Q4 results of H&M, LVMH and Estée Lauder, despite the lifting of Covid-19 restrictions at the end of the year.
Alibaba wants to boost its growth in Europe thanks to BNPL Asia Europe Like Shein with Klarna, AliExpress (the drop-shipping business of the Alibaba group) announced on 16 January the introduction of BNPL for European customers.…
NRF’s “Big Show” arrives in Singapore Asia On 15 January 2023, NRF Chairman Matthew Shay and French group Comexposium announced the event for Asia Pacific in 2024.…
Beijing gives the U.S.A. full access to Chinese company accounts Asia According to The Information, several US-listed Chinese tech giants are cancelling plans to list in Hong Kong.…
Furniture: Nitori leaves the U.S.A. to compete with Ikea in Asia Asia Faced with rising energy and transportation costs, the furniture company Nitori Holdings is reviewing a retail footprint.
Duty free: Bluebell enlarges scope with a new acquisition Asia In China, Bluebell Group (US$2.5 billion turnover via 650 stores) is strengthening a presence in the “Duty Free”…
China. The government distributes vouchers to boost the economy Asia With the relaxation of the zero Covid-19 policy, more than 50 Chinese cities are distributing vouchers to residents to boost sectors such as catering,…
