April Wu

China Market Strategy

August 1, 2017

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Retail News Roundup – Aug 1

The top 5 retail news clips in Asia this week.

Newspaper

1 – Starbucks to buy out Chinese venture in its biggest deal yet

Starbucks Corp. is buying the rest of its East China joint venture in a $1.3 billion transaction, marking the biggest deal ever for a company that sees China as a huge growth opportunity. >>

2 – Jimmy Choo bought by Michael Kors in £896m deal

Luxury shoemaker Jimmy Choo has been bought by Michael Kors Holdings in a deal which values the firm at £896m. >>

3 – Amazon reportedly coming to Singapore

Amazon is said to be coming to Singapore and as soon as this week, according to a report by TechCrunch, marking the US e-commerce giant’s entry into Southeast Asia. >>

4 – Puma sportswear finds traction with footwear

German sportswear brand Puma achieved double-digit growth in all regions and in both footwear and apparel in the second quarter. >>

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April Wu

China Market Strategy

July 4, 2017

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Retail News Roundup – Jul 4

The top 5 retail news clips in Asia this week.

Newspaper

1 – Indonesia’s 7-Eleven operator to shut all stores

Modern Internasional, the parent company of Indonesia’s 7-Eleven franchise operator, said it would close all of the unit’s convenience stores by June 30 due to “limited resources to support operations.” >>

2 – H&M sales up by 9 per cent for first half

H&M attributes the increases to continued expansion and tight cost control, including continued rapid and profitable growth of its online sales, which in some established markets already account for 25 to 30 per cent of total sales. >>

3 – Watson group planning new shops

The A.S. Watson Group plans to open 1,400 new outlets globally this year – 60 shops will be in Hong Kong – but it will not expand the electricity group Fortress. >>

4 – Spar to open 300 convenience stores in Thailand with DHL

Spar International has announced that it is partnering with logistics company DHL to establish up to 300 new convenience stores in Thailand by the end of 2020. >>

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April Wu

China Market Strategy

June 27, 2017

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Retail News Roundup – Jun 27

The top 5 retail news clips in Asia this week.

Newspaper

1 – Papa John’s pizza looking for Vietnam franchise

The world’s third largest pizza delivery chain – Papa John’s – is looking for franchisees to expand into Vietnam. >>

2 – Anytime Fitness gets the green light to franchise in China

Anytime Fitness is the first U.S. fitness franchise to be granted a license to franchise in China, a market where 99 percent of the population does not belong to a fitness facility. >>

3 – China’s JD Eyes Expansion To Thailand, Russia

Chinese B2C e-commerce group JD plans to make an investment in Thailand before the end of 2017 to further expand its overseas business. >>

4 – Food delivery and out-of-home dining are thriving in China, study finds

According to that 2017 China shopper report, dining out and food delivery are seeing robust growth with Chinese consumers, who have traditionally cooked at home. >>

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April Wu

China Market Strategy

June 6, 2017

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Retail News Roundup – Jun 6

The top 5 retail news clips in Asia this week.

Newspaper

1 – Malaysia’s online sales set to quintuple by 2025, fashion leads

Online sales in Malaysia, which is currently just above 1 per cent of total retail market, is likely to quintuple by 2025, says a report. >>

2 – Luxury fashion brands start to sell on China’s WeChat messaging app

France’s Longchamp and the U.K.’s Burberry Group PLC have begun selling handbags and clothes on WeChat, China’s most popular messaging app. LVMH Moët Hennessy Louis Vuitton SE’s Givenchy and Dior brands are testing demand for their goods through flash sales on the platform. >>

3 – Michael Kors to shut over 100 stores

Michael Kors, the once-popular retailer that has been trying to turn itself around, said it expected same-store sales to continue to fall in 2018, and that it would shut more than 100 full-price retail stores in the next two years. >>

4 – China 20 report: Shanghai, Beijing still retail beacons

While their economic lead has narrowed, Shanghai and Beijing are still way ahead of other cities in terms of retailer penetration, says the latest Savills retail cities report, China 20. >>

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April Wu

China Market Strategy

May 31, 2017

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Retail News Roundup – May 31

The top 5 retail news clips in Asia this week.

Newspaper

1 – Customer traffic dropping fast at Korean online shopping malls

Online shopping malls are fast losing customer traffic, industry data showed , compounding their massive business losses last year. >>

2 – Hermès to debut store in second-tier Chinese city to meet surging demand

French luxury house Hermès is set to open a new store in the city of Changsha by summer. The move marks the debut of an Hermès store in a second-tier city in China. >>

3 – Goodbye Gong Cha, hello LiHo

The man who introduced Gong Cha to Singapore is now taking the bold step of removing every single outlet of the popular bubble tea brand to replace it with his own made-in- Singapore creation. >>

4 – Fast fashion is turning into ultrafast fashion – report

New players such as Boohoo.com, Asos and Missguided are bringing products from design to sale in as little as one or two weeks – even quicker than traditional fast-fashion pioneers such as Zara and H&M. >>

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