Retail & eCommerce Archives - Page 8 of 47

APTEXPO 2024 Kicks Off with Key Fashion and Supply Chain Leaders Sparking Innovation on Day One

APTEXPO 2024 officially kicked off today at the Marina Bay Sands Expo and Convention Center, marking the start of a groundbreaking three-day event poised to create new opportunities for change in the textiles and apparel value chain.

As the global platform that convenes the top decision-makers in textiles, apparel, fashion, and their supply chains, this year’s convention promises to be more than a series of panel discussions—it is a much-needed gateway to transforming your business through its exclusive showcase of the latest fashion, supply chain and textiles technologies and projects from the likes of Singapore Fashion Council (SFC) Pavilion and HY Green Technology – which is set to unravel on 14 November.

On the first day, Sharon Lim, President of the Singapore Fashion Council (SFC), delivered the welcome speech. She addressed the esteemed guests, fellow speakers, and the audience and commended the organisers for hosting the inaugural Asia-Pacific Textile and Apparel Supply Chain Summit 2024.

On APTEXPO 2024, Sharon Lim said, “As the official association for Singapore’s textile and fashion industry, SFC partners with various stakeholders throughout the value chain to drive meaningful change across three key pillars: sustainability, innovation and technology, and Asian craftsmanship. Partnerships are essential for building a resilient and agile supply chain today. Such stakeholder collaboration helps mitigate risk, seize new opportunities and foster innovation that benefits us all. APTEXPO 2024 is a great example of this work we are undertaking.”

The first day of APTEXPO 2024 also offered attendees the chance to gain the knowledge and insights shared in the opening speeches by Poh Chi Chuan, Executive Director, Exhibitions and Conferences, Singapore Tourism Board; Albert Tan, Chairman, ASEAN Federation of Textile Industries (AFTEX); and Sun Ruizhe, President, China National Textile and Apparel Council (CNTAC). These organisations play an important role in promoting textile and fashion innovation.

From Left to Right: (1) Jonas Wand, CEO and Co-Founder, FOURSOURCE, (2) Xu Yingxin, Vice President, China National Textile and Apparel Council (CNTAC), (3) Sharon Lim, President, Singapore Fashion Council, (4) Sun Ruizhe, President, China National Textile and Apparel Council (CNTAC), (5) Albert Tan, Chairman, ASEAN Federation of Textile Industries (AFTEX), (6) Poh Chi Chuan, Executive Director, Exhibition and Conferences Singapore Tourism Board, (8) Peter Liang Pengcheng, President, Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX).

Zhang Tingting, CEO of SFC, moderated a panel discussion that dove into the role of regional collaboration in building a resilient, adaptive and sustainable supply chain, convening on stage high- level executives from Weave, Browzwear, JEANWEST International, Shanghai Challenge Textile Co and the Hong Kong General Chamber of Textiles.

Regina Leong, CEO of Trackland Sdn Bhd Group of Companies, Honorary Permanent Secretary General, AFTEX, and President of the Malaysian Textile Manufacturers Association (MTMA), hosted the second panel discussion of the day. The panel featured experts from various organisations, including the Indonesian Textile Association and SEMBCORP. The panellists shared strategies for boosting Asia-Pacific production capabilities and leveraging partnership opportunities in the region’s textile industry.

Two plenary sessions also took place on the first day, during which audiences heard from more leaders in the global textiles and apparel segment.

The first plenary session addressed global trends and challenges in the textile and garment industry. Christian P. Schindler, Director General of ITMF, discussed current industry challenges, while Dirk Vantyghem of EURATEX covered the EU’s role in advancing sustainability. Deepika Rana, COO of Li & Fung, rounded off with insights on supply chain innovation.

The second plenary session focused on technology, branding, and sustainability as drivers of supply chain restructuring. Jonas Wand, CEO of FOURSOURCE, shared how AI shapes future value chains, and Chris Govier of Kornit Digital emphasised digital advancements for sustainable growth. Sunny Huang from New Wide Group discussed digital manufacturing solutions, while Henry Tan of Luen Thai Group examined Asia’s market potential.

APTEXPO 2024 will continue through 15 November 2024 in Singapore, with an exclusive lineup of industry updates, showcases, and networking sessions to follow.

For more information on APTEXPO 2024, please visit ap-texpo.com.
Hashtag: #aptexpo
https://ap-texpo.com/
https://www.linkedin.com/company/aptexpo-2024
https://www.facebook.com/aptexpo2024/

About AFTEX

ASEAN Federation of Textile Industries (AFTEX) was established in 1978 with the objective to promote common trade position and cooperation among textile and apparel industry in ASEAN member countries in line with the objective of the ASEAN Chamber of Commerce and Industry (ASEAN-CCI).

Every year, AFTEX hold its regular meetings plus side events on a rotational basis among member countries to discuss concrete issues of significant relevance to the regional growth and development of the textile and apparel industry, ranging from ASEAN trade linkages to workforce development, from trade fairs & investment promotion to sustainability issue, from regional cooperation to broader partnerships, and more.

About CNTAC

China National Textile and Apparel Council (CNTAC) is a national federation serving China’s textile and apparel industry and enterprises. As a non-profit social organisation dedicated to the high-quality development of industry and enterprises, the services of CNTAC cover the entire textile industrial chain including cotton, linen, wool, silk, knitting, man-made fiber, printing and dyeing, filament fabric, home textiles, industrial textiles, clothing and textile machinery.

The wide-ranging services involve areas such as R&D, standards setting, technology transfer, application of information technology, environmental protection, sustainability, inspection and testing, new products, fashion designing, branding, social responsibility, intangible heritage, marketing, trade fairs, industrial layout, industrial clusters, overseas investment, international exchanges, industry- finance integration, training programs and publication.

About SFC

Singapore Fashion Council (SFC) – formerly known as Textile and Fashion Federation (Singapore) is the official association for the textile and fashion industry in Singapore. Embracing a transformative vision, SFC aspires to become a Vibrant Asian Hub for Responsible Fashion.

With a focus on three key pillars: Sustainability, Innovation & Technology and Asian Craftsmanship, SFC works closely with diverse partners across the value chain to offer thought leadership, extensive networks, and resources – to drive impactful change throughout the ecosystem.

About MP Singapore

The MP Group (MP) is a global full-service events management, marketing and community engagement company.

Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.

MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.

About CCPIT TEX

The Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) was officially established in 1988. Three decades after its establishment, CCPIT TEX has gradually developed into an excellent organiser for professional exhibitions in China’s textile and apparel industry.

Independently or along with its partners, CCPIT TEX has organised a series of world-renowned exhibitions which cover the entire textile and garment industry both at home and abroad, including but not limited to Intertextile shanghai apparel fabrics, Intertextile shanghai home textiles, ITMA ASIA + CITME and CINTE.

About FOURSOURCE

FOURSOURCE, is one of the world’s largest tech-enabled B2B apparel and textile networks, connecting over 50,000 companies across 120 countries, facilitating the buying and selling of apparel, fabrics, trims, yarns, and home textiles. The network provides professional tools for brands and suppliers to speed-up their cycle time and reduce cost.

FOURSOURCE is dedicated to making the industry smarter, safer, more transparent, and sustainable. The company was founded in 2017 and is headquartered in Berlin, Germany, with offices in Portugal, Turkey, Pakistan and China.

Media Contact
PRecious Communications
aptexpo@preciouscomms.com

U.S. Polo Assn. Announces an Exclusive Capsule Collection with His Highness Maharaja Sawai Padmanabh Singh of Jaipur, India

U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has announced an exclusive collaboration with its Global Brand Ambassador, His Highness Maharaja Sawai Padmanabh Singh (Pacho) of Jaipur, India. The premium U.S. Polo Assn. x His Highness Sawai Padmanabh Singh Collection sold in India perfectly merges Jaipur’s royal heritage with polo tradition and sports fashion to create an exceptional addition to the U.S. Polo Assn. brand’s global offerings.

The one-of-a-kind Capsule Collection was launched recently at a private party and runway show at Sawai Padmanabh Singh’s Palace featuring Bollywood VIPs, media, and influencers, making its debut for the Autumn-Winter 2024 season. Promoted as part of U.S. Polo Assn.’s clever “Born to Play” Campaign, the collection features rich fabrics, intricate crest detailing, and a design style that captures the spirit of both U.S. Polo Assn. and the vibrant city of Jaipur, staying true to the sensibilities of the Maharaja.

Sawai Padmanabh Singh is a member of the Royal Family of Jaipur and is the current Maharaja of Jaipur. A professional polo player, Sawai Padmanabh Singh is the ideal Global Brand Ambassador and partner for U.S. Polo Assn., having played for and captained the Indian National Polo Team and has participated in tournaments across Argentina, Australia, Brazil, Canada, Chile, France, Germany, Spain, Thailand, the United Kingdom, the United States and more.

“For U.S. Polo Assn., this Campaign and Collection has been the perfect partnership because Pacho brings the spirit of sportsmanship and distinctive style that he displays both on and off the field to U.S. Polo Assn.,” said J. Michael Prince, President and CEO of USPA Global, which manages the multi-billion-dollar, global U.S. Polo Assn. brand. “As a global polo player who encompasses what our sport-inspired brand is all about – being global, vibrant, authentic, and exciting – Pacho has brought all of these elements to the outstanding U.S. Polo Assn. x His Highness Sawai Padmanabh Singh Collection.”

“U.S. Polo Assn. is not only proud of this apparel partnership but also to be sponsoring Pacho’s Jaipur Polo Team in 2024,” Prince added.

His Highness Sawai Padmanabh Singh’s personal style is evident across the complete collection, from the deep and luxurious colors and textures to the collection’s overall sporting style and contemporary elegance. Featured in the stunning “Born to Play” Campaign which can be seen all across India and around the world on social media, billboards, in malls, airports, and other points of interest, are beautiful polo horses and Sawai Padmanabh Singh’s very special Marwari horses, which are indigenous to Jaipur.

“U.S. Polo Assn. means so much to polo and polo players in India and around the world through its global support and promotion of the sport,” said His Highness Sawai Padmanabh Singh. “As a U.S. Polo Assn. Global Brand Ambassador and through our partnership on this Collection, my goals are to bring the story of polo in India to the forefront, share my passion for the game, and present an extraordinary Collection that reflects my personal style that consumers in India will love.”

The U.S. Polo Assn. x His Highness Sawai Padmanabh Singh Collection will be available in select stores across India, online at uspoloassn.in, and exclusively on Myntra, offering consumers an opportunity to own a piece of history reimagined for the contemporary era.

“This meaningful collaboration with His Highness Sawai Padmanabh Singh marks an important milestone for U.S. Polo Assn. in India,” said Amitabh Suri, Chief Executive Officer of Arvind Brands Ltd., U.S. Polo Assn.’s Strategic Partner. “By blending Jaipur’s royal heritage with our brand’s signature sport-inspired fashion, we’ve created a Collection that reflects both a rich cultural legacy and modern sophistication, offering consumers a unique opportunity to indulge in our iconic brand in a new and exclusive way.”

As one of India’s leading casualwear power brands, the multi-billion-dollar, global, sport-inspired U.S. Polo Assn. brand launched an exclusive brand-specific website, USPoloAssn.in, earlier this year. U.S. Polo Assn.’s retail store footprint in India is at more than 400 brand stores, and over 2,000 shop-in-shops, across more than 200 cities in India. The brand plans to open nearly 100 more stores in India in the coming few years. Globally, the U.S. Polo Assn. brand is sold in 190 countries and has global retail sales of more than $2.4 billion.

About U.S. Polo Assn. and USPA Global
U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the governing body for the sport of polo in the United States and one of the country’s oldest sports governing bodies, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.

U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.

For more information, visit uspoloassnglobal.com and uspashop.com, and follow @uspoloassn.

About Arvind
Arvind Fashions Ltd., based in Bengaluru is India’s No. 1 casual and denim player in the country’s retail industry, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across various sub-categories and price points. With a host of renowned brands, both international and indigenous, like U.S. Polo Assn., ARROW, Tommy Hilfiger, Calvin Klein, and Flying Machine. Arvind has a presence across lifestyle brands and value fashion.

Visit Arvind, USPoloAssn.in, and follow @uspoloassnindia.

Contact Information
Stacey Kovalsky
VP Global PR and Communications
skovalsky@uspagl.com
001-954-673-1331

Sneha Mahant

Director, Marketing U.S. Polo Assn. India at Arvind Fashions Limited
sneha.mahant@arvindfashions.com
+91 9343897011

SOURCE: U.S. Polo Assn.

AuGroup Landed on the Hong Kong Stock Exchange ‘The First Share of Furniture Going Overseas’

with Promising Potential Growth

Influenced by the easing cycle of overseas central banks and the continuous release of positive policy signals from the Mainland, investor sentiment in the Hong Kong stock market had markedly improved. The IPO market has also recovered significantly. Recently, large-scale IPOs and “A + H” shares in Hong Kong have emerged one after another and won the favor of investors. On November 8, Hong Kong stocks welcomed another high-quality new stock, AuGroup (HKG: 2519), which officially landed on the Hong Kong Stock Exchange, becoming the “first share of furniture going overseas” in Hong Kong stocks.

According to public information, AuGroup is the world’s leading cross-border e-commerce segment leader, specializing in quality furniture and home furnishings. In terms of GMV in 2023, the Company ranked first in the B2C overseas e-commerce market for furniture and home furnishings by China-based sellers; and ranked fifth in the global B2C e-commerce market for furniture and home furnishings. In this IPO, the Hong Kong public offering of AuGroup was oversubscribed by 17.7 times, with a final offering price of HK$ 15.600.

Deeply Rooted in Furniture and Home Furnishing Cross-border E-commerce Track, with Multi-category and Multi-brand Development Promoting Sustained Growth
AuGroup’s strategy is to focus on the furniture and home furnishings market, one of the fastest growing B2C e-commerce market segments with low return rate. Relying on its strong supply chain capability and comprehensive logistics layout, AuGroup is able to rapidly develop diversified, high-quality products with competitive prices to continuously meet the ever-changing market demand. As a result, it has rapidly established a strong market influence in the furniture and home furnishings market.

At present, AuGroup has owned many exclusive brands such as ALLEWIE, IRONCK, LIKIMIO, SHA CERLIN, HOSTACK and FOTOSOK, which are popular in the global market. In 2023, 11 of the Company’s brands each had over RMB100 million in GMV. According to Frost & Sullivan, the Company ranked first in six categories in terms of GMV on the Amazon U.S. site in 2023. The Company had a market share of over 10% in ten categories on the Amazon U.S. site in terms of GMV in 2023.

It is worth mentioning that, benefiting from diverse offerings, brand equity and strategic market positioning, AuGroup has been able to maintain long-term competitiveness in the unpredictable market, and its risk-resistant capability has been continuously strengthened. In the case of the Amazon Incident, for example, after the loss of results in 2021, AuGroup recovered rapidly from the market impact, with revenue increasing by 22.3% and net profit increasing by 133.1% year-on-year in 2023. In the first four months of 2024, the Company continued its strong rebound trend, with revenue increasing by 16.9% and net profit increasing by 96.2% year-on-year.

Building Global Warehousing and Logistics Capabilities and Opening up the Second Growth Curve
In the field of cross-border e-commerce, logistics is one of the core competitiveness, which is related to cost, efficiency and commodity safety. With years of accumulated industry expertise, AuGroup has established a global multi-tiered warehousing and logistics network that is tailored to medium-to-large goods through Shenzhen Westernpost, and developed proprietary logistics solution management systems to manage and optimize all key stages of the logistics chain, effectively tackling the pain points of high costs and long delivery times associated with logistics solutions for medium-to-large goods.

Through self-built logistics, combined with third-party logistics solutions and e-commerce platform logistics services, AuGroup is able to effectively reduce the cost of logistics by using flexible delivery options according to diverse shipping needs. In 2021, the ratio of cost of sales to revenue of the Company was 79.1%, and in 2023, the ratio dropped to 65.5%.

In addition to providing logistics services to its own e-commerce business, AuGroup also provides logistics solutions globally under the pre-sale stocking model to customers, including domestic consolidation in China, first-mile international freight services, overseas transit, overseas warehousing and order dispatch, to further broaden revenue sources and enhance profitability. From 2021 to 2023, the Company’s revenue from logistics solutions increased from RMB490 million to RMB1,653 million, representing a CAGR of 83.7%, and its revenue share increased from 5.4% to 19.0%. In the first four months of 2024, the revenue from logistics solutions reached RMB583 million, representing a year-on-year increase of 66.8%, and the revenue share further increased to 20.6%, which has formed the second growth curve of the Company.

Thanks to the gradual optimization of cost structure and diversified revenue sources, the profitability of AuGroup continues to rise. From 2021 to 2023, the Company’s gross profit margin increased from 20.9% to 34.5%, representing an increase of 13.6 percentage points.

In terms of industry development, the rapid development of digital economy, the change of consumers’ consumption habits and the rise in the demand for cost-effective furniture and home furnishings will drive the global furniture and home furnishings market to continue to grow rapidly in sales through online channels. As a leading enterprise in the industry, with its own supply chain advantages and global warehousing and logistics capabilities, AuGroup is expected to seize the development opportunities of the industry and promote the continuous growth of its furniture and home furnishing business and logistics solutions. Its performance after listing is worth looking forward to.

Retail Revolution Illuminates Bangkok as Rockbird Media’s RESA 2024 Charts Course for Digital Growth

The Hyatt Regency Bangkok Sukhumvit buzzed with innovation and insights on October 17, 2024, as rockbird media’s Retail & E-Commerce Summit Asia (RESA) brought together industry leaders to explore “Retail Revolution: Illuminating Digital Drivers for Growth and Security.” This landmark event showcased Thailand’s burgeoning role in Southeast Asia’s digital retail landscape, offering a platform for executives across diverse sectors to engage with cutting-edge strategies and technologies.

The summit, which saw increased attendance compared to the previous year, addressed critical challenges and opportunities in Thailand’s evolving e-commerce ecosystem. Discussions ranged from consumer trends and technological advancements to regulatory landscapes and cybersecurity concerns.

Keynote speaker M.L. Luesak Chakrabandhu, President of The Association of Thailand Open Source Federation, highlighted the event’s significance. “We have to understand the challenges, difficulties, and limitations of Thailand in terms of business expansion. We need to improve the ease of doing business here, improve our incentives for new business or more tech people to come to Thailand,” Chakrabandhu said, adding the need for enhanced communication between the private sector, the academe, and the government to accelerate policy improvements.

The event also delved deep into the future of digital payments, with Teeraphol Ambhai, Head of Search Experience at Bumrungrad International Hospital, sharing insights on e-wallets and their potential to revolutionize businesses. “It should be a big thing to know the challenges and also the advantages, how it will leverage business, as well as how we can use e-payment within and outside Thailand. I hope this will lead businesses to use more of e-payment in the future,” Ambhai, who was also a speaker for last year’s RESA, stated.

Cybersecurity emerged as a critical focus area, especially in light of Thailand’s evolving regulatory landscape. Chatchawarn Jirupathum, Group Information Security & Data Protection Officer at RMA Group, stressed the importance of robust cybersecurity measures and data privacy protection. “The rising of new cyber security threats, and since we don’t have very solid regulations for the retail and e-commerce in Thailand at the moment, I think is becoming a challenge for next years,” Jirupathum explained.

The summit featured a mix of keynote presentations, interactive panel discussions, and networking opportunities, allowing attendees to gain actionable insights and forge meaningful connections. The increased attendance and diversity of participants underscored the growing importance of digital innovation in Southeast Asia’s retail sector.

As the event concluded, it was clear that RESA 2024 had not only met but exceeded expectations, providing a comprehensive view of the challenges and opportunities lying ahead for the retail and e-commerce industries in Thailand and beyond.

For more information about RESA and future events, visit https://rockbirdmedia.com/

About rockbird media

Rockbird media is an international business media company that produces B2B events and offers business solutions.

Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.

Media contact:
Ann Jubelle De Vera
annjubelle@rockbirdmedia.com

57% of Banking Executives Struggle with Data Silos, Blocking AI-Driven Personalization, CleverTap’s New Report Highlights

CleverTap, the all-in-one engagement platform, today released its latest Market Research Report with insights into the global banking landscape, “Banking on AI: A Leader’s Guide to Customer Engagement Excellence in Banking”. The report reveals that 57% of banking executives have yet to achieve a unified customer view, indicating significant challenges with data silos due to technological barriers and cost constraints. These data challenges are impacting banks’ ability to deliver personalized, seamless customer experiences in an era where AI-driven engagement is becoming essential.

The research explores the transformative shift within the banking sector leveraging AI to address modern banking challenges, including the need for personalized and secure digital experiences amid rapid digital transformation. Through this study, CleverTap set out to identify where the AI opportunity lies for banks and introduced its strategic framework to help banks build excellence in customer engagement, along with highlighting key trends for Banks in customer engagement within the AI space, while understanding the challenges and opportunities faced by banking leaders. Furthermore, the company also assessed AI’s role in enhancing customer experiences.

The methodology included a survey of 50 senior executives in India’s banking sector, in-depth interviews for qualitative insights, and analysis of industry benchmarks and best practices. This research covered banks with a combined total asset size of about $3.03 trillion, spanning APAC, the Middle East, North America, LATAM, and the EU.

Insights from the report reveal that 3 out of 4 banking executives may be missing out on critical opportunities to build customer loyalty and drive sustainable growth, as they focus heavily on short-term revenue targets. To effectively balance short-term metrics with long-term financial outcomes, banks need to harness advanced analytics that not only track current performance but also predict future customer behaviors.

To assess the gaps and identify opportunities for the banking sectors in the age of AI, CleverTap has developed a framework that will serve as a foundation to improve customer experiences and drive long-term value. CleverTap’s Core Four Framework – encompassing Trust, Technology, Touchpoints, and Transactions – is designed to help banks transition from product-focused to customer-centric approaches, cultivating deeper relationships and delivering phy-gital experiences. The research covers the nuances for retail banks, neo-banks, and specialized banks, providing insights across the four core pillars.

Key gaps identified basis of the framework include:

Loyal customers generate 2.5x higher transaction value than others, and referred prospects are 3.5x more likely to onboard. However, 50% of banking executives do not effectively leverage their high-NPS (Net Promoter Score) customers
57% of banking executives have yet to implement a unified customer view, suggesting issues with data silos. The primary obstacles to unification are technological challenges and associated costs
41% of banking executives are not using real-time segmentation capabilities, limiting their ability to deliver timely and personalized communication
Banks using more than four channels in their engagement campaigns see a 53% improvement in conversions compared to those using fewer than four channels, yet only about 33% of banks have adopted this approach

Banks can harness the power of the Core Four by implementing a comprehensive AI strategy, as detailed in CleverTap’s report Banking on AI: A Leader’s Guide to Customer Engagement Excellence in Banking.

This approach consists of three key stages:

Operational Optimizers focus on using AI to enhance operational efficiency through the automation of routine tasks and improved workflow processes
Personalization & Experimentation Architects where AI is applied to improve orchestration while personalizing interactions and conducting experiments at scale to boost conversion
Strategic Innovators showcase the use of AI for automating strategic decision-making and providing deeper insights for long-term planning

Commenting on the report, Jacob Joseph, VP – Data Science, CleverTap said, “The banking sector has often played catch-up when it comes to tech innovations, but customer familiarity with digital solutions is making it clear that banks need to bridge this divide quickly. The banking sector often remains a ‘follower’ in tech adoption. This cautious stance means banks typically wait for proof of concept before fully embracing new technologies. Our latest report dives into how AI can bridge the current gaps in customer experience and operational efficiency, helping banks not only meet evolving customer expectations but exceed them. By deploying integrated, AI-powered solutions, banks can deliver the hyper-personalized experiences today’s customers expect, building lasting trust and loyalty. For banks aiming to stay competitive in a digital-first world, AI isn’t optional – it’s essential.”

Looking ahead at the future of the banking sector with AI, CleverTap’s latest insights highlight six transformative AI outlooks that are poised to redefine customer engagement and operations:

Customer engagement for banking is driven by innovations like synthetic data, which enhances analytics without compromising privacy
Banks are also prioritizing emotional engagement, using AI to create immersive experiences and personalized gamification that fosters customer loyalty
Modernizing MarTech through AI-powered ecosystems allows banks to integrate data and services seamlessly, enhancing customer experiences
A shift towards a customer-centric approach, leveraging AI for dynamic personalization, further strengthens relationships and retention
Additionally, implementing responsible AI frameworks builds trust by ensuring transparency and compliance
Finally, the collaboration with fintech firms through AI-powered open banking creates holistic financial ecosystems, offering a wider range of services and real-time insights to customers, thereby increasing trust and engagement

For more information and insights download the report here.

About CleverTap
CleverTap is the leading all-in-one customer engagement platform that helps brands unlock limitless customer lifetime value. CleverTap is trusted by over 2000 brands like Domino’s, Levis, Jio, Papa John’s, Zomato, Kotak Bank, Air Asia, Carousell, TD Bank, and Tesco to help build personalized experiences for all their customers. The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering speed and cost efficiency at scale.

Backed by top-tier investors such as Accel, Peak XV Partners, Tiger Global, CDPQ, and 360 One, the company is headquartered in San Francisco, with presence across Seattle, London, São Paulo, Bogota, Mexico, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, Vietnam, and Jakarta.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/
X: https://twitter.com/CleverTap

Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, the impact of a pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Communications, CleverTap
+91 9820900036
sony@clevertap.com

ASHMIT CHAUDHARY
Associate Consultant, Archetype
+91 8850752121
ashmit.chaudhary@archetype.co

APTEXPO 2024 To Empower Asia Pacific’s Fashion And Supply Chain Decision Makers For The Future

As policy, regulatory, and market forces create new sustainability and operational considerations in business, the Asia-Pacific region is at the cusp of change. As the cornerstone of global textile and garment manufacturing, it is brimming with companies trying new things and coping with the new demands of a changing world.

Taking place from 13 to 15 November 2024 at the Sands Expo and Convention Centre in Singapore, the Asia-Pacific Textile and Apparel Supply Chain Expo & Summit (APTEXPO 2024) will bring industry leaders, stakeholders, and innovators together to share best practices and explore solutions that will propel the region’s textile and apparel supply chain forward.

The event is jointly organised by MP Singapore and The Sub-Council of Textile Industry, CCPIT (CCPIT TEX), and hosted in Singapore by the Singapore Fashion Council.

In line with this year’s theme, “Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain”, APTEXPO 2024 will see over 20 leaders and experts such as Kristen Nuttall, Head of Programs, The Fashion Pact, and Jonas Wand, Chief Executive Officer and Co-founder, FOURSOURCE, take to the stage to discuss challenges and opportunities faced by global supply chains and explore different ideas in digitalisation, sustainability and risk resilience.

Highlights of APTEXPO 2024 include:

Global perspective: Representatives of key global brands, heads of manufacturing chain enterprises, and executives of fintech companies will engage in in-depth discussions on topics such as supply chain security trends and opportunities for regional trade and investment.
Frontier Technology & Digitalisation: Showcase cutting-edge technologies and solutions to promote innovation, development, operational efficiency, cost and resource optimisation in the textile and apparel industry.
Cross-border trade: Utilising global e-commerce platforms to build a new network enabling cross-border trade between the Asia-Pacific region and the global market. APTEXPO also aims to provide a channel for international organisations and brands seeking to penetrate key markets like ASEAN and China.
Green procurement: Key discussions and showcases on sustainable manufacturing and a green supply chain.

The summit will also feature special investment briefing sessions on the Asia-Pacific Textile Industrial Park to provide participants with greater insights into promotional and investment opportunities.

“We are pleased to be playing an important role in supporting long-term, purpose-led value creation in fashion and its supply chains. APTEXPO 2024 is set to encourage much needed conversation, insight-gathering and collaboration for companies navigating the opportunities of this new, changing landscape,” said Sharon Lim, President, Singapore Fashion Council.

Over 300 delegates from key brands, large chain retailers, regional and international designers, trading companies, policymakers, and technology providers from around the world are expected to attend the accompanying thought-leader summit.

“Looking at the numerous registrations and interest that have come from over 30 economies, we have been so encouraged to see the market interest in APTEXPO 2024. The idea of an event that brings together the whole ecosystem from garment and textile manufacturers, to warehousing and transportation, distribution and sales, including e-commerce platforms, financing solutions and more, seems to echo the buyers’ sentiments for such a turnkey platform,” said Jason Ng, Managing Director, MP Singapore.

APTEXPO 2024 is supported by the ASEAN Federation of Textile Industries (AFTEX) and the China National Textile and Apparel Council (CNTAC) and co-organised by MP Singapore Pte Ltd and The Sub-Council of Textile Industry, CCPIT (CCPIT TEX). The Singapore Fashion Council (SFC) is the host association in Singapore, while FOURSOURCE, as the special digital partner, is managing the digital aspect of the event.

For more information on APTEXPO 2024, please visit ap-texpo.com
Hashtag: #aptexpo
https://ap-texpo.com/
https://www.linkedin.com/company/aptexpo-2024
https://www.facebook.com/aptexpo2024/

About AFTEX

About CNTAC

About SFC

About MP Singapore

The MP Group (MP) is a global full-service events management, marketing and community engagement company.

About CCPIT TEX

About FOURSOURCE

Media Contact
PRecious Communications
aptexpo@preciouscomms.com

LQR House Inc. Reports 424.58% Year-Over-Year Revenue Growth in October 2024 Compared to October 2023

LQR House Inc. (the Company or LQR House) (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is pleased to announce significant revenue growth for October 2024, including a 424.58% year-over-year increase compared to October 2023 and a notable month-over-month increase in 8% from September 2024 to October 2024.

In October 2023, LQR House generated $45,400 in revenue. For September 2024, the Company’s revenue reached $238,159.57, highlighting the positive momentum driven by strategic partnerships and platform sales. Since going public in August 2023, LQR House has prioritized building sustainable partnerships, adding new marketing contracts monthly. These partnerships have become a steady source of recurring revenue, with clients engaging LQR House’s proprietary marketing services to drive brand awareness and sales on CWSpirits.com.

Sean Dollinger, CEO of LQR House, commented, “I’m not sure everyone realizes just how valuable these partnerships are-they’re monthly recurring revenue from brands paying for our marketing services, including banner ads, email campaigns, and influencer content. Each of these drives traffic and sales on CWSpirits.com, which we own. We’re incredibly proud of each new partner that trusts us with their brand’s growth, and we believe that October’s results are a testament to the platform’s strength. Not only is revenue up year-over-year, but we also saw an increase from September to October 2024, showcasing our commitment to growth and delivering results.”

LQR House’s continues focusing on strategic partnerships and expanding its product offerings aiming for sustained growth within the competitive spirits and beverage market.

About LQR House Inc.
LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. Forward-looking statements contained in this press release are made only as of the date of this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the United States Securities and Exchange Commission (the “SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the headings “Risk Factors”. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.

Investor and Media Contact:
info@lqrhouse.com

Contact Information
Sean Dollinger
CEO
info@lqrhouse.com

SOURCE: LQR House

Experiential Shopping Reimagined: Rockbird Media’s Retail & E-Commerce Summit Asia 2024 to Ignite Jakarta’s Digital Marketplace

As the year nears its end, rockbird media’s Retail & E-Commerce Summit Asia prepares to drop the curtain of its 2024 Southeast Asia run with a crescendo in Indonesia. Set to electrify the country’s bustling capital on November 21 at the prestigious Le Meridien Jakarta, this summit is the final act in the series, with the theme “Retail Revolution: The Experiential Shopping” promising to be a catalyst for innovation in one of the region’s most vibrant digital marketplace.

RESA 2024 is meticulously crafted for the vanguards of retail – C-suite executives and directors who are shaping the future of commerce. Participants will dive deep into the art of crafting unforgettable shopping journeys, exploring the cutting edge of AI integration, mastering the nuances of hyper-personalization, and unlocking the potential of next-gen payment ecosystems that are transforming Indonesia’s thriving marketplace.

More than just a summit, the event promises to be a crucible for retail alchemy, bringing together the brightest minds to not only predict the future of retail but to actively forge it in the white-hot furnace of Indonesia’s digital economy. Attendees will experience visionary keynotes, curated one-on-one sessions, hands-on breakout sessions, electrifying panel discussions, and networking opportunities tailored to individual business imperatives.

As Indonesia’s e-commerce sector races towards an astounding IDR 661.9 trillion valuation this year, RESA emerges as the essential nexus where traditional retail wisdom collides with cutting-edge digital strategies. This summit is poised to be the birthplace of ideas that will reshape how millions shop, engage, and experience brands in the digital age.

For more information, including registration details, complete agenda, speaker updates, pricing, and more, please visit https://rockbirdmedia.com/all_b2b/resa-id-nov-2024/

About rockbird media

Rockbird media is an international business media company that produces B2B events and offers business solutions.

GS Holdings to Acquire Integrated Beverage Solutions Group, Octopus Distribution Networks, for S$11.8 Million; Expected to Yield Significant Opportunities and Additional Financial Benefits

GS Holdings Limited (“GS Holdings” or the “Company” and together with its subsidiaries, the “Group”), is pleased to announce that the Group has signed a binding agreement to acquire Octopus Distribution Networks Pte. Ltd. (“Octopus Distribution Networks”), a Singapore-based integrated beverage solutions group, for a purchase consideration of S$11.8 million.

GS Holdings’ Independent and Non-Executive Chairman, Mr Irwin Lim Kee Way, said, “We are pleased to announce the acquisition of Octopus Distribution Networks, which provides the Group with immediate access to new customer base and operating scale within the beverage sector in Singapore’s F&B industry.

Led by Dato’ Elaine Teh, the team at Octopus Distribution Networks has built an exceptional business enterprise that is dedicated to operational excellence and customers satisfaction for over 13 years.

With fully in-place infrastructure, including personnel and distribution networks, Octopus Distribution Networks has differentiated itself with unique value propositions and a strong base of customers, and we believe that there are significant opportunities for growth in existing and new markets. I trust this next step in our journey together will be incredibly positive for the Group.”

Octopus Distribution Networks’ Founder and Chairman, Dato’ Elaine Teh, added, “Today’s announcement marks a major step forward in our growth ambitions within the region’s F&B industry.

With the combined expertise, experience and resources, we will continue to build strong relationships with our customers and delivering value that consistently exceed expectations.

Together with GS Holdings, we are excited about accelerating the growth of our businesses and delivering results for years to come.”

Accretive acquisition that is synergistic to the Group’s business model and expected to yield significant opportunities and additional financial benefits

Founded in 2011 by serial entrepreneur Dato’ Elaine Teh Chooi Peng (“Dato’ Elaine Teh”), Octopus Distribution Networks has grown to become one of the leading integrated beverage solutions group in Singapore, providing a “one-stop” solutions hub, in the area of brand management, import, export, distribution, logistics and warehousing of alcoholic and non-alcoholic beverages and liquor, for both customers and beverage brand owners.

For customers, Octopus Distribution Networks represents an extensive portfolio of globally recognised beverage brands with various exclusive distribution rights. Currently, Octopus Distribution Networks has a product portfolio of more than 1,500 SKUs across approximately 200 beverage brands from 50 global brand owners. Octopus Distribution Networks also provides customised services that cater to the demands of both corporate and individual clients.

For beverage brand owners, Octopus Distribution Networks has become a trusted partner and a preferred beverage distributor in Singapore with a comprehensive distribution network comprising strategic distribution centres and third-party wholesalers in Singapore. With a deep understanding of the Singapore market, Octopus Distribution Networks also provides other value-added services, including market expansion strategies and customer engagement solutions, that aims to enable brand owners to quickly build brand loyalty and market share in Singapore.

Bringing a wealth of expertise and talent that enhances the Group’s leadership and experience in the F&B industry

Under the acquisition agreement, Dato’ Elaine Teh will become a controlling shareholder of GS Holdings and it will also bring on a professional management team with 80 years of collective experience in the beverage distribution industry to the Group.

Dato’ Elaine Teh is a serial entrepreneur with an accomplished business track record in various business ventures in Singapore, Malaysia and Australia.

Besides her current role as Founder and Executive Chairman of Octopus Distribution Networks, Dato’ Elaine Teh also holds multiple executive-level roles in various companies in different countries.

She is a Non-Executive Director of ASX-listed Australian Vintage Ltd, a leading Australian wine and drinks company, where their diversity of regions, broad portfolio of global brands, production capabilities and established winemaking pedigree have resulted in its brands being recognised and available in over 40 countries. Dato’ Elaine Teh is also the Founder & Executive Chairman of Etagreen Group in Malaysia, which is the owner and operator of a zero-waste biomass power plant in Perak, Malaysia, with assets of more than RM140 million.

In addition to her business roles, Dato’ Elaine Teh is actively involved in various business councils that nurture women entrepreneurs, promote gender diversity and inclusion, develop greater business collaborations and engagement with government agencies. Philanthropy is also something Dato’ Elaine Teh holds close to her heart, and she has generously facilitated several community building causes and initiatives across Southeast Asia with her time and resources.

Supporting Dato’ Elaine Teh as part her management team at Octopus Distribution Networks is Managing Director, Mr Matthew Ruscoe, who has been a trailblazer in Asia’s F&B and marketing industry for more than 12 years. With deep industry experience and strong regional network from his previous roles as the Regional Sales Director of Kerry Group and the Sales Director of Carlsberg Myanmar, Matthew undertakes a pivotal role in managing Octopus Distribution Networks’ marketing activities, supply chain operations and driving its strategic initiatives forward.

None of the Directors or substantial shareholders of the Company, as well as their respective associates, has any direct or indirect interest in the transaction stated here, other than through their respective shareholdings (if any) in the Company.

About GS Holdings Limited

(Bloomberg Code: GSHL:SP / Reuters Code: GSHO.SI / SGX Code: 43A)

GS Holdings Limited (“GS Holdings”) was incorporated in Singapore on 19 September 2014 and listed on Catalist on 18 January 2016.

With an aim to diversify its business model and create additional streams of income, GS Holdings has expanded into various business ventures in the food and beverage (“F&B”) industry. To harness its growth opportunities, GS Holdings is looking to further expand its brand presence across Asia and beyond via new franchising, licensing and distribution models.

For more information, please visit https://gsholdings.com.sg/.

This press release is to be read in conjunction with the Company’s announcement released on 23 October 2024, which can be downloaded via www.sgx.com.

Issued on behalf of GS Holdings Limited by 8PR Asia Pte Ltd.

Issued on behalf of GS Holdings Limited by 8PR Asia Pte Ltd.
Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

USPA Global Announces Strategic Broadcast Association With Star Sports, Reaching Millions of Polo Sports Fans Across India

USPA Global, the company that manages the multi-billion-dollar U.S. Polo Assn. brand, is proud to announce a landmark, multi-year broadcasting association with Star Sports, India’s leading sports network and part of Disney’s family of networks. This partnership is part of USPA Global’s broadcasting subsidiary, Global Polo Entertainment (GPE), and launched in October.

This strategic association marks an innovative collaboration intended to bring polo sport content and the iconic U.S. Polo Assn. brand to engaged sports and brand fans in the very important and growing Indian market. This collaboration brings the thrilling world of polo directly to millions of homes across the Indian subcontinent, including India, Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka. The sport of polo will now reach even more viewers around the world, adding to current partnerships with ESPN and beIN Sports.

“Joining forces with Star Sports represents a significant step in our U.S. Polo Assn. market strategy to authentically engage with sports fans and consumers in one of our fastest growing and largest markets,” said J. Michael Prince, President and CEO of USPA Global. “As the number one men’s casualwear brand in India, U.S. Polo Assn. already has a strong presence with consumers, and this partnership will now build that same relationship across the Indian market with our mission to promote the sport of polo globally.”

The Star Sports association begins the season with the award-winning series, Breakaway, a story-driven program where fans can see episodes covering the most prestigious tournaments, women’s polo, and polo in England. Each episode will spotlight notable figures, such as U.S. Polo Assn.’s Global Brand Ambassador His Highness Maharaja Sawai Padmanabh Singh (Pacho) of Jaipur along with Indian Polo and the Jaipur Team, as well as world-renowned players such as Hope Arellano, Adolfo Cambiaso, Jeta Castagnola, and many more.

“As the brand licensee of U.S. Polo Assn. in India, Arvind Fashions is incredibly proud to be part of this partnership that is bringing such exciting sports entertainment to our consumers and all sports fans in India,” said Shailesh Chaturvedi, CEO & Managing Director of Arvind Fashions Ltd., U.S. Polo Assn.’s Strategic Partner. “Making further inroads into sports in India is a significant step in the history of the U.S. Polo Assn. brand and what makes this market-leading brand truly authentic.”

By aligning with Star Sports, U.S. Polo Assn. is now part of the multi-sport environment in the Indian sports broadcasting scene. The network’s extensive coverage includes premier sporting events such as cricket with Tata India Premier League (IPL), Premier League Football, and Wimbledon.

“Embracing the sport of polo as part of our diverse sports culture aligns perfectly with our mission to expand our sports offerings and engage with a broader audience,” said Harry Griffith, Head of Acquisition and Syndication at Star Sports. “We are excited to introduce our viewers to the rich history and dynamic action of polo through our collaboration with USPA Global and the U.S. Polo Assn. brand.”

About U.S. Polo Assn. and USPA Global
U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the governing body for the sport of polo in the United States and one of the country’s oldest sports governing bodies, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. A historic, multi-year deal with ESPN to broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., has made the thrilling sport accessible to millions of sports fans globally for the very first time.

For more information, visit uspoloassnglobal.com and uspashop.com, and follow @uspoloassn.

USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.

About Star Sports
The Star Sports Network is home to several leading domestic and international sports with seventeen channels broadcasting premier sporting events which include cricket coverage under the purview of the TATA Indian Premier League (IPL), International Cricket Council (ICC), Cricket South Africa and Cricket Australia; Kabaddi under Pro Kabaddi League; and premier sports with Premier League; and Wimbledon amongst others.

Contact Information

Shannon Stilson
VP, Sports Marketing & Media
sstilson@uspagl.com
+001.561.227.6994

Stacey Kovalsky
Senior Director, Global Communications
skovalsky@uspagl.com
+001.561.790.8036

Rohan D’souza
Star Sports PR
rohan.dsouza@disney.com
+91 9833834146

SOURCE: USPA Global Licensing Inc.