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South Korea’s retail sector demonstrated remarkable resilience in May 2025, achieving a 7% year-on-year growth, spurred primarily by an ongoing boom in online sales. Data from the Ministry of Trade, Industry and Energy (MOTIE) revealed that this robust…
The banking sectors across South Korea, Taiwan, Thailand, Hong Kong, and China are bracing for challenging times ahead, with a deteriorating outlook for 2025 driven by increased trade tensions and tariff impacts that are expected to hamper loan growth and…
In its annual Google I/O livestream, Google has just announced a bunch of improvements it is bringing to the search platform (and others), aimed towards improving the experience of both merchants and customers when it comes to shopping online. Google…
Malaysia has made impressive strides in the realm of global economic competitiveness, climbing 11 spots to secure the 23rd position in the 2025 World Competitiveness Ranking—the country’s highest ranking since 2020. According to the Ministry of Investment,…
The Mumbai retail landscape is poised for an exciting transformation, with JLL analysts forecasting a vibrant expansion of premium malls packed with new local and global brands—all designed to elevate the shopping journey. Promising Growth on the Horizon As…
In the first quarter of this year, Singapore experienced a rise in retail vacancy rates, a phenomenon attributed to the healthy demand for prime locations and steady rental growth, as reported by real estate specialists Savills. Increased Retail Vacancy Rate…
Retailers must focus on shifting consumer preferences. In the past decade, global retail supply chains have navigated a storm of challenges, from the COVID-19 pandemic and advancements in artificial intelligence to tariffs and threats to shipping routes.…
In response to a heightened crackdown on counterfeit goods, a wave of shop closures has swept through bustling markets in Ho Chi Minh City (HCMC) and Hanoi. Authorities have intensified their efforts to eliminate counterfeit products, particularly among…
The continued downtrend in retail sales in Hong Kong marked its 14th consecutive month in April, as per the latest government data. Local consumers have adopted a cautious approach towards spending, and tourists from mainland China have been opening their…
In a landscape marked by global market shifts, Vietnam’s gold prices remain resilient, hovering near historic highs. As consumer demand continues to shape this precious metal’s valuation, local investors are navigating a dynamic market climate. Steady Gains…
A fresh global study reveals how Artificial Intelligence is reshaping the workforce—encouraging collaboration, creativity, and leadership. The discourse surrounding Artificial Intelligence (AI) often leans toward apprehension about job loss. However, a…
Retail spending in Australia experienced a notable uptick of 4% in March 2025 compared to the same period last year, totaling an impressive $37.3 billion, as reported by the Australian Bureau of Statistics (ABS). This growth signals a positive shift in the…
OpenAI Launches Personalized Product Recommendations with GPT-4o Model In an exciting development for both consumers and retailers, OpenAI has unveiled its latest update to ChatGPT, introducing personalized product recommendations. This new feature, available…
Japanese convenience store chain Lawson plans to raise its store count in overseas markets and accelerate growth in Southeast Asia over the coming years. The chain is targeting 14,000 overseas stores over the next six years. Its international network…
Hong Kong’s September retail sales fell 6.9 percent year on year, reflecting the continued impact of a change in consumption patterns, government data showed. Sales fell to HK$29.57 billion ($3.8 billion) in a seventh consecutive month of decline after a…
With ecommerce projected to capture 41% of global retail sales by 2027, it might seem counterintuitive for retailers to continue investing in new and existing physical stores. Yet, retailers like Fujifilm, Sketchers, and North Face are not only maintaining…
