This is very good news. For those of you unaware, in South East Asia, shopping is more of a way of life than in Australia. People spend a lot of time in the air-conditioned shopping centres fleeing the humid weather.
3. Digital channels are a much more integrated part of the shopping experience as shoppers leapfrog a 1.0 retail experience
Seeking better access to branded merchandise and better shopping experiences, most developing Asia shoppers are shopping online—surpassing even their developed-country counterparts. Nine out of ten shoppers in developing Asia browse or buy online (versus fewer than 8 in 10 for developed countries). Online experiences can provide the richer, more robust, and more personalized shopping experiences that customers in developing Asia crave. Shoppers are using their smartphones to check prices and reviews in-store, spending an average of 15 minutes online per store visit. One in three customers want to access enhanced product information via in-store tablets.
SKF Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held