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Asia is a complex consumer ecosystem, and there is a stronger preference for ownership of physical goods, including high-end consumerelectronics, as it carries a sense of status and accomplishment,” he said. The post Tech-rental startup Circular eyes ANZ expansion following US$7.6m
Luxury faces a recalibration: While luxury remains aspirational, only 16 per cent of consumers plan to increase their spending in this segment. In addition, brand loyalty is being redefined in China, with factors such as price sensitivity, peer recommendations, and product innovation playing pivotal roles in consumer decision-making.
Tech accessory juggernaut Casetify is making waves in the American retail landscape via its landmark partnership with consumerelectronics giant Best Buy. This expansion is more than just a growth strategy; it’s a testament to Casetify’s ambition to capture a larger slice of the global tech accessory market.
Australian consumerelectronics giant JB Hi-Fi announced a major expansion of its New Zealand operations last week , unveiling plans to double its store count in the next three to five years. Part of the expansion involves relocating at least two stores to more desirable locations.
Yet the data shows failing to build omnichannel into cross-border expansion from the outset puts brands at a disadvantage and leaves untapped revenue on the table.” Generationally, younger consumers are more likely to make omnichannel purchases, with Millennials leading the way.
The world’s largest retailer shared expansive plans for the future of retail at the recent ConsumerElectronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Walmart is not resting on its laurels.
India’s DTC retail landscape has been evolving rapidly, driven by factors like increasing internet penetration, a shift in consumer preferences towards online shopping, and the ascent of digital marketing. Industry experts predict significant further expansion in the DTC market in the years to come.
While the concept of retail media has been around for many years, the rise of e-commerce during the pandemic has led to the rapid expansion of the industry.
It also comes at a time of change for the Japanese car company, which is now undergoing a “rapid expansion into electrified vehicles” At the 2020 ConsumerElectronics Show in Law Vegas, U.S, The design work started in July 2019.
The nationalistic trend is also evident in other categories, such as coffee retail, where Luckin has now overtaken Starbucks as market leader in China on the back of a massive store expansion program and a price war. Meanwhile, in Hong Kong, New World Development’s K11 Art Mall in Tsim Sha Tsui is undergoing an expansion.
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