AS Christmas draws nearer, more shoppers across Asia are sending their yuan, yen, won or ringgit across borders, often choosing to buy their presents abroad through websites rather than paying expensive surcharges or taxes in their home markets.
This spells trouble for brick-and-mortar retailers that are continuing to experience growth, albeit at a slower rate, but find that competition is increasing and margins are harder to come by, even as the Christmas shopping season gains more importance.
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