article thumbnail

A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. Thailand keeps the lid on. billion (US$1.6

Wholesale 130
article thumbnail

These Were the Top Retail Stories of 2022

VMS

In California, Amazon-owned Whole Foods stores launched palm-scanning technology at checkout. In September, still struggling to find the key to survival, the retailer announced more than $500 million in new financing. or two Covid-dominated years, a lack of dockworkers left ships unloaded and retail warehouses empty.

article thumbnail

What’s old is new again: The rise of rental

Inside Retail

And in most cases, you end up paying more than the retail price for an item by the end of your term. At checkout, 50 per cent of the order total will be initiated to reserve the blooms and the balance is automatically drafted upon shipment. IR: What are your plans for Breeze in 2022? IR: Something Borrowed recently received $1.5