April Wu

China Market Strategy

March 22, 2016

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Retail News Roundup – Mar 22

The top 5 retail news clips in Asia this week.

Newspaper

1 – Wal-Mart Japan to focus on remodelling stores, no plans to exit market

Wal-Mart Stores expects its Japan business to focus on remodelling existing stores rather than opening new ones this year, citing fierce competition and consumer reluctance to spend freely amid uncertain economic times. >>

2 – Taco Bell to open first store in China

Yum! Brands (YUM), which owns the Mexican fast food chain, plans to open its first store in China by the end of this year. >>

3 – China’s affluent spend more on experiences while luxury shopping remains “steady”

While Chinese luxury consumers still love to shop for their Chanel and Hermès handbags, a new report finds that they’re continuing to allocate a growing portion of their leisure spending to luxurious experiences such as travel and spa treatments. >>

4 – Li Ning skips out of the red

hanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. >>

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April Wu

China Market Strategy

March 15, 2016

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Retail News Roundup – Mar 15

The top 5 retail news clips in Asia this week.

Newspaper

1 – In the retail realm, the bookworm turns

Since 2010, many bricks-and-mortar bookshops have been forced to close or move to cheaper, more remote locations. However, last year alone, 10 new bookstores opened in Shanghai, many in prime downtown areas. >>

2 – Woodland eyes global expansion, to open stores in countries like Russia and China

KOLKATA: Footwear and outdoor gear brand Woodland is looking to expand its international presence significantly by opening stores in countries such as Russia, China, Malaysia, Singapore, Canada and the UAE. >>

3 – Adidas in China stores rush

German sportswear maker Adidas will open 3,000 new stores in China by 2020, counting on rising affluence and health- awareness in the country to boost its global business. >>

4 – Hugo Boss China to close 20 stores

Hugo Boss China says it will close 20 stores to reduce losses. >>

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April Wu

China Market Strategy

March 8, 2016

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Retail News Roundup – Mar 8

The top 5 retail news clips in Asia this week.

Newspaper

1 – Samsung eyes China market with mobile payment app

Shortly after Apple launched its payment service in China, competitor Samsung unveiled Samsung Pay, adding kindling to the already heated mobile payment market. >>

2 – Adidas China to open 3000 new stores

Adidas China – aiming to cash in on fast-growing enthusiasm for sports across Greater China – plans to open 3000 new stores by 2020. >>

3 – Charming Charlie to expand Asian network

US retailer Charming Charlie has opened its pink doors in the Philippines. And following this Asian debut, the US-based fashion retailer is now eyeing Malaysia, Indonesia, Korea and China for expansion. >>

4 – McThai cooks up big store expansion plan

Chief executive Hester Chew said about 1 billion baht will be spent each year to open new fast food stores and upgrade its facilities from 2016-20. McDonald’s stores will reach 400 by 2020, up from 223 last year. >>

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April Wu

China Market Strategy

February 23, 2016

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Retail News Roundup – Feb 23

The top 5 retail news clips in Asia this week.

Newspaper

1 – India:Walmart eyes $300-mn investment by 2020

US-retail giant Walmart is gearing up its India presence by expanding store strength from the current 21 to 70 by 2020. For this expansion the company will invest $240 million to $300 million. >>

2 – Malaysia:Zawara to push F&B business overseas next year

Local fashion brand Zawara Sdn Bhd aims to push its new business, Zawara Coffee to Singapore and Indonesia next year and establish the brand in the United Arab Emirates, Europe and North America by 2020. >>

3 – WeChat transactions top 8 billion

SHANGHAI: Chinese chat app WeChat hit a new high over the Chinese New Year holiday, as the number of mobile transactions on the app hit 8bn in just four days. >>

4 – China quick to adopt digital wallets

Nearly half of consumers in China who took part in a new survey shop with digital wallets. Overall, the study shows that digital wallets are the fastest-growing payment technology in the region, with one in five of those surveyed using the technology. >>

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April Wu

China Market Strategy

February 3, 2016

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2016 Chinese New Year Holiday Notice

2016_year of the monkey

Dear Valued Customers & Partners,

Please be informed that our office will be closed from 6-Feb-2016 to 14-Feb-2016 for Chinese Lunar New Year Holiday. We will resume to Normal Operation on 15-Feb-2016. Thank you for your kind attention and wish you a Happy Chinese Lunar New Year!

Best,
getchee.

 

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