April Wu

China Market Strategy

Retail News Roundup – Jan 24

The top 5 retail news clips in Asia this week.

Newspaper

1 – Hugo Boss price slash pays off in China

Affordable luxury brand Hugo Boss said 2016 operating profit would fall less than first predicted, after the German firm smashed out a fourth-quarter sales recovery thanks to increased spending in China. >>

2 – 86 percent of millennials use mobile while shopping in-store

Millennials are increasingly turning to mobile to enhance their in-store experience, with 96 percent of millennials making purchases at stores at which they used their mobile devices to shop. >>

3 – JV aims to boost Muji brand in Philippines

Specialty retailer SSI Group has signed a JV agreement with Japan’s Ryohin Keikaku in a bid to boost the Muji household supplies brand in the Philippines. >>

4 -Nike To Benefit From Opening Stores Within JCPenney Locations

Recently JCPenney announced that it is featuring designated Nike shops within more than 600 of its stores. >>

Read the rest of this entry »

April Wu

China Market Strategy

Retail News Roundup – Dec 27

The top 5 retail news clips in Asia this week.

Newspaper

1 – 5 digital retail trends that will be big in 2017

Analysts and online retail watchers predict these five digital retail trends will be (or become) even bigger in the new year. >>

2 – Nike’s profit rises on stronger demand in U.S. and China

Nike Inc.’s quarterly profit rose 7% amid stronger demand in the U.S. and China, and executives defended the company’s performance amid heightened sportswear competition. >>

3 – Tencent grows international operations to help foreign brands make sense of China’s scale

Last month, Tencent officially announced the opening of a new Singapore operation that would help brands from Singapore, and the wider Asia Pacific region, get a better understanding of how to target to Chinese consumers. >>

4 -Element Fresh plans Asian franchise roll-out

Chinese international restaurant brand Element Fresh plans to grant development rights to franchisees across Asia, with an initial focus on Hong Kong, Japan, Thailand and Singapore. >>

Read the rest of this entry »

April Wu

China Market Strategy

Retail News Roundup – Dec 13

The top 5 retail news clips in Asia this week.

Newspaper

1 – Faster frappuccinos in China as Starbucks joins WeChat payments

Starbucks Corp. said it will accept the WeChat payments system at about 2,500 of its cafes across China, enabling customers to complete purchases with a scan of their phone. The agreement with Tencent Holdings Ltd. means the Seattle-based chain joins foreign retailers, including KFC, Disney and Uniqlo, in embracing the cashless mobile payments ubiquitous in China. >>

2 – German wholesaler Metro shifts to new store model in China as land prices rise

In a bid to stay competitive in a fast-changing market, the retailer is changing its approach to store ownership. >>

3 – Nitori to speed up China store openings

Nitori Holdings, the Japanese furniture and home accessory retailer, will expedite store openings in China in an effort to kick-start its global expansion, company sources said. >>

4 -Target China learning fast as it gains momentum

Target China is continuing to learn about the vast mainland market as it builds brand awareness in the region in preparation for a major push. >>

Read the rest of this entry »

April Wu

China Market Strategy

Retail News Roundup – Dec 6

The top 5 retail news clips in Asia this week.

Newspaper

1 – South Korean cosmetics a hit among young Chinese as K-pop booms

Recent intergovernmental spats over anti-ballistic missile systems have failed to harm actress Song Hye-kyo’s standing among young Chinese shoppers. >>

2 – Citic-Carlyle near deal to buy McDonald’s China assets: source

A consortium led by private-equity firm Carlyle Group (CG.O) and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald’s Corp’s (MCD.N) stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter said. >>

3 – FamilyMart Malaysia eyes expansion

Convenience store chain FamilyMart Malaysia is aiming to open up to 1000 stores by 2020. >>

4 -Spar International to open 300 stores in Thailand by 2020 in new partnership deal

Spar International and Bangchak Retail Company today announced a significant new partnership agreement which will see up to 300 new Spar stores opening in Thailand by the end of 2020, as part of a €102 million investment. >>

Read the rest of this entry »

Page 3 of 4112345...102030...Last »