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Ikea Thailand and Greyhound collaborate on designer homewares range

Ikea Thailand and Greyhound collaborate on designer homewares range

Esprit set to post US$503 million loss

Enfeebled clothing retailer Esprit has just advised shareholders it expects to post a loss of US$503.2 million when it releases its annual results late next month.

Indian retail sales plummet, but RAI points to early signs of recovery

New figures are revealing signs of recovery in the Indian economy, even as overall numbers continue to show massive drops against last year’s sales given the impact of the coronavirus pandemic.

Drive sales by adjusting to the next normal of advertising on social media

The global pandemic has moved much of the world online and accelerated the digital retail space. As a result, a clear opportunity has emerged for brands: optimise your marketing mix and reach consumers online.

South Korean KOLs banned from promoting products without full disclosure

South Korea will ban social-media influencers from pitching a new product or service on their online platforms without disclosing their business ties with corporate sponsors

Tencent profit beats expectations after strong demand for games

Chinese gaming and social media giant Tencent Holdings said second-quarter net profit rose 37 per cent, beating market estimates

World-first Sour Patch Kids store launches in New York City

Soft-candy brand Sour Patch Kids has launched a world-first store in New York City selling confectionery and a raft of themed products.

Asos upgrades sales and profit outlook as returns drop

British online fashion retailer Asos forecast full-year sales and profit significantly ahead of market expectations.

Alibaba-backed Best to list delivery business in Hong Kong

Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter.

H&M has created a jacket that gives the wearer a hug

The product was developed in the fast fashion giant’s innovation lab in Germany.

World-first Lancome virtual flagship debuts in Singapore

Luxury beauty brand Lancome is to launch a world-first virtual experience store to encourage female customers to explore their strength in Singapore.

Delivery startup Shippit partners with Singapore Post

Logistics technology firm Shippit has partnered with Singapore Post to bring premium delivery services normally only available for large companies to small and medium-sized businesses.