The Malaysian skincare market is expected to grow from MYR 2 billion (USD 485.1 million) in 2021 to MYR 2.5 billion by 2026 at a compound annual growth rate (CAGR) of 4.1 percent during 2021–2026, acc…
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Half of new luxury store openings took place in China in 2021
According to research firm Bain & Co, China has emerged as the most popular destination for new luxury store openings in 2021, as mainland consumers looked to domestic stores to get their luxury …
Looking at the kombucha drink market in Malaysia
According to GlobalData, the nascent kombucha drink market in Malaysia is poised to benefit from heightened public health consciousness, and rising consumer interest in functional and healthy drinks s…
Bang & Olufsen opens new store in Korea
On 12th April, global home entertainment brand, Bang & Olufsen announced the opening of its new flagship store in Seoul, South Korea. …
Hong Kong retail sales drop 14.6 percent in February
According to data released on 31st March by the city’s Census and Statistics Department, Hong Kong’s retail sales plunged 14.6 percent in February from a year ago, the biggest decline sinc…
South Korea retail sales climb 4.7 percent in February
South Korea retail sales in February rose 4.7 percent year-on-year to 12.19 trillion won (US$9.99 billion), up from 11.6 trillion won a year earlier, on the back of a double-digit surge in online reta…
IKEA to open fourth store in Thailand
IKEA is expanding its footprint in Thailand. On 25th March, the Swedish home furnishing brand announced on its official Facebook page the upcoming opening of a new store in Bangkok, bringing its store…
Nike Asia Pacific sales up 11 percent despite China dip
U.S. sportswear giant Nike Inc. said on Monday revenues in its APLA (Asia Pacific & Latin America) region grew by 19 percent in the third quarter ending February 28, offsetting a 5 percent declin…
SK-II releases new campaign by Gen Z for the Gen Z
Japanese cosmetic and skincare brand SK-II has released the “PITERA™ & Me” campaign, directed by and starring the next generation of Gen Z celebrity ambassadors: MINA from K-POP group…
Retail bankruptcies fall 30 percent in 2021 in Japan
6,030 companies went bankrupt in 2021 according to Tokyo Shoko Research, a fall of 22 percent on the previous year but in retail, the number of bankruptcies fell 30 percent to 730. …