The Coronavirus (COVID-19) global pandemic has had a serious impact on the global luxury market. According to Euromonitor International’s Luxury Goods 2021 edition, the global market shrunk by 15% in …
‘Grocery community group buying’ concept rising in China
It has been foundational to the success of Pinduoduo, which overtook Alibaba by customer numbers last year.…
China tightens rules on e-commerce livestreaming
China is investigating the practice of e-commerce livestreaming, as the nation’s market regulator cracks down on influencers misleading consumers citing incorrect product information and poor quality …
China’s share of global luxury market reaches new high
Following a slow start to luxury sales in China due to Covid-19 lockdowns, spending on luxury in the country has rebounded strongly as restrictions to global travel have pushed Chinese consumers to ma…
The Retail Summit explores the hyper connected consumer appeal
As new digital platforms emerge and innovate, the relationship between the consumers and retailers are constantly evolving, affecting the global retail landscape and mindset.…
Korea’s beauty device market is booming
Premium beauty devices for skincare have grown popularity over the past five years, with their sales forecast to hit 1.6 trillion won (US$1.43 billion) by 2022.…
Uniqlo closing down stores in Seoul
Uniqlo is closing down or refurbishing its stores across Seoul, drawing speculation that the Japanese apparel brand is doing so as it has become a main target of Korean consumers’ boycott of Jap…
INTERVIEW: Unlocking your retail value chain
Retail in Asia had the pleasure to interview TJ Foster, a Senior Engagement Manager at Weave.
Click here to know more about Weave’s upcoming conference.…
Branded pop-ups liven up retail scene
Branded pop-up stores play an increasingly important role in South Korea’s retail scene as a source of creativity, innovation and a brand new consumer experience.…
Sales of Korean department stores pass 30 trillion won milestone
South Korean department stores delivered 30 trillion won (US$26.4 billion) in combined sales last year, up 2.3 percent from a year ago, breaking out of years of stagnancy, according to industry source…