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Better together: Why partnerships are the future for retail in Southeast Asia

Inside Retail

The past 12 months have certainly been a rollercoaster ride for the retail sector across Southeast Asia. In fact, the forced acceleration of digitisation across the region means that Google, Temasek and Bain estimate that the e-commerce industry in the six largest Southeast Asian markets will reach approximately $172 billion in value by 2025.

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Why Asian e-commerce giant GoTo is cutting costs despite top-line growth

Inside Retail

For GoTo, the company formed in May 2021 by a merger between Tokopedia and Gojek, 2022 is shaping up to be the year that it has made serious strides toward profitability. Preceding that though, it also announced that as part of an organisational review it was reducing its headcount by about 1,300 people, or 12 per cent.

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Three key trends in retail strategy for 2023

Inside Retail

This is forcing brands to evaluate their business models and get resourceful with their marketing budgets to stay competitive. Here are three areas of strategy that will be prominent for leading retailers around the world over the next 12 months. One example is NFT studio RTFKT, which Nike acquired in December 2021.

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Why Hommey is opening stores, expanding overseas

Inside Retail

Justin Kestelman founded Hommey in 2020 to fill a gap in the market for modern soft furnishings. He also shares what he has learned from his father, entrepreneur Larry Kestelman , about simplifying complex issues. After talking to potential customers to see if there was a market, the response I got was that there absolutely was.

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