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Shinsegae Inc, a major retail conglomerate in South Korea, announced on Thursday that it plans to shut down its duty-free business unit in Incheon International Airport’s DF2 zone. This decision has been prompted by growing losses. Motivation Behind the…
Amazon is reportedly planning to eliminate around 30,000 jobs in its corporate division, a move that one analyst referred to as a ‘deep cleaning’ of the organization’s workforce. This reduction would affect about 10% of Amazon’s nearly 350,000 corporate…
The rising popularity of South Korean culture, often referred to as the ‘Korean Wave’, is driving record numbers of international tourists to the country. In response, South Korean retailers are intensifying their marketing strategies to cater to the growing…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
The Australian Federal Government has made significant strides towards safeguarding the validity of cash as a payment mode for everyday necessities by issuing key provisional regulations mandating the acceptance of cash for fuel and groceries. Details of the…
David Chan, the executive president and chief financial officer of Lanvin Group, has announced his decision to step down from his position effective October 27. While he plans to explore fresh opportunities, Chan is also slated to provide advisory support…
In the face of ever-changing tariffs and an increase in living costs that have impacted consumer spending, many brands are struggling to maintain a physical retail presence, let alone expand it. However, one international retailer is boldly rising to this…
Berlin-based platform Highsnobiety is set to halt its e-commerce operations by the end of the current year in a strategic pivot towards its foundational publishing and cultural agency operations. Restructuring and Refocusing As part of a larger restructuring…
Style Theory, a Singapore-based online clothing rental platform, has recently ceased operations due to increasing operational costs and the departure of its key investors. Established in 2016, Style Theory functioned as an online rental platform that operated…
In the rapidly evolving landscape of retail technology, the integration of artificial intelligence (AI) is increasingly becoming a cornerstone for businesses across Asia. Yet, amid the excitement lies a pressing question: How prepared are organizations in…
As the retail landscape in Asia continues to evolve, industry leaders are vying for sustainable growth and competitive advantages. One of the most notable trends emerging from this shift is the surge in omnichannel retailing, where companies seamlessly…
Retailers across Asia are increasingly embracing omnichannel strategies to meet the evolving demands of consumers, who now expect seamless shopping experiences that blend online and offline platforms. This shift is not just a response to the challenges posed…
In Tokyo and other major Japanese cities, the race is on among outdoor and sportswear manufacturers to secure coveted street-level retail spaces. These brands are making their mark in urban environments as they tap into the growing demand for high-quality,…
An estimated 177,000 square meters of new retail space is on the horizon, set to make waves in Manila’s market by the second half of 2025. As the bustling holiday season approaches, tenants are revamping their strategies and gearing up for a promising…
It’s becoming clear that Asia is leading the charge in the world of instant payments. According to estimates by GlobalData, the instant payments market across 14 Asia Pacific countries is set to grow at a compound annual growth rate (CAGR) of 11.6% between…
With the rapid evolution of retail landscapes in Asia, understanding current trends is more critical than ever for industry players. The momentum generated by shifting shopping behaviors continues to challenge traditional models, sparking innovation across…
