spending Archives - Inside Retail Asia

APAC online shoppers spend $594b

Shoppers in six Asia-Pacific markets spent an estimated $594 billion in online stores last year, with US eCommerce sites being the main beneficiaries.

Singapore online shopping habits revealed

New research on Singapore online shopping habits shows young males are spending more online than women.

Where Chinese tourists are spending their shopping dollar

As Chinese tourists discover new destinations, retailers in neighbouring countries are being left in the dust.

Singapore tops APAC’s international visitor spending

Singapore is the top spot for international visitor spending in Asia Pacific. According to the MasterCard Global Destination Cities Index, Singapore, at US$14.3 billion, took over Bangkok for international visitor spend last year with growth of 7.6 per cent. The city-state’s projected visitor arrivals expenditure per city resident stood at US$2600, beating out London’s US$2378 and second only to Dubai. Asia Pacific nations hold five of the top 10 destinations worldwide in the Index.…

Chinese consumer sentiment eases

Chinese consumer sentiment has bounced back after a dip last year. A new study by The Boston Consulting Group (BCG) found Chinese consumers feel more optimistic and secure, while also accepting economic growth is leveling off. “Last year was the first time in recent history that more Chinese consumers wanted to cut spending than to increase it. This year, the balance has shifted back. The number of consumers who plan to spend more money in the coming year exceeds the number who plan to s…

Massive growth tipped for China retail

Retail research firm Conlumino projects China’s retail sector will surge 90 per cent by 2018.According to the firm, shopper spending will hit £3.513 billion ($5.9 billion) by 2018 as urban middle class booms. The biggest winner will be the fashion sector, it says, as spending on apparel doubles over the next three years. “The growth of the internet and social media have generated global fashion trends and this has made it far easier for international fashion brands to expand,” said global r…

SE Asian consumers more optimistic

Southeast Asian consumers lead the world with a strong sense of cautious optimism, with confidence in the region continuing to rank among the highest globally. According to the Nielsen Global Survey of Consumer Confidence and Spending Intentions, Indonesia maintained the top spot on the global Consumer Confidence Index, up four points in the latest quarter to 124, which was 30 points above the average global score of 94. Philippines and Thailand also remained among the top 10 with Consumer…

Chinese consumers more cautious

Consumer sentiment drops as skepticism about the economy sets in.

Chinese women: household CFOs

Chinese women now have a greater part in financial decisions.

Luxury still booms in China

Chinese desire for luxury goods shows no sign of slowing down.

China’s slowdown reaches Hong Kong

Mainland visitors cut down on luxury and gambling.