April Wu

China Market Strategy

January 19, 2016

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Retail News Roundup – Jan 19

The top 5 retail news clips in Asia this week.

Newspaper

1 – Forever 21 to open second HK store in Mong Kok, eyes further expansion in Asia

US fast-fashion retailer Forever 21 will open its second store in Hong Kong this year, capitalising on the shift in consumer demand from luxury to non-luxury products. >>

2 – Starbucks to open 500 new stores in China in 2016

US specialty retailer has opened its first overseas store in one of the largest retail shopping centers in the
Starbucks, the world’s largest coffee chain, said on Tuesday it aims to open 500 stores in China this year, shrugging off a slowdown in the world’s second-largest economy that has hit global retailers. >>

3 – Visa claims more Filipinos using contactless payments

More consumers in The Philippines are using contactless payments, according to the Visa Consumer Payment Attitudes Study 2015. >>

4 – Where Chinese tourists are spending their shopping dollar

Mainland China has become one of the main global suppliers of tourists, and that has been paying dividends for retailers globally.But as the Chinese are roaming further afield, Hong Kong and Macau retails have seen their sales dropping. >>

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April Wu

China Market Strategy

January 12, 2016

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Retail News Roundup – Jan 12

The top 5 retail news clips in Asia this week.

Newspaper

1 – China Retail: Convenience stores – the beauty of small format retailers

Convenience stores (CVS) is the fastest-growing retail format among all other retail formats in China, but the development of convenience stores in the country is still unbalanced – coastal areas is more mature and concentrated than in inland areas, according to a new report from the Fung Business Intelligence Centre. >>

2 – Brookstone opens 1st overseas store in China, eyes more shops in airports, railway stations

US specialty retailer has opened its first overseas store in one of the largest retail shopping centers in the Chinese city of Nanjing. It also opened three store-in-stores within Funtalk Telecommunication’s locations in Beijing and Shanghai.>>

3 – Thai TCC Holding takes over Vietnamese Cash and Carry

According to the release by the Metro Group, TCC Land International Pte. Ltd., a subsidiary of TCC Holding Co. Ltd., has acquired the business in Vietnam which consists of 19 wholesale stores, 3,300 employees and the related real estate portfolio for an enterprise value of EUR655 million. >>

4 – Uniqlo struggles with currency, weather

Uniqlo, Asia’s largest apparel retailer, has delivered a disappointing set of results for the quarter to November 30. >>

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April Wu

China Market Strategy

January 5, 2016

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Retail News Roundup – Jan 5

The top 5 retail news clips in Asia this week.

Newspaper

1 – Guardian allocates RM20 million for rebranding, expansion next year

Pharmacy, health and beauty store chain, Guardian Malaysia is allocating RM20 million for its rebranding and business expansion next year. >>

2 – Korean retailers suffer from warm winter

The unusually warm weather has hurt Korean retailers sales of everything from winter coats to snow boots, while boosting sales of outdoor sportswear and camping gear. In contrast, outdoor sportswear and gear enjoyed unusually high popularity.>>

3 – The battle has just begun: Amazon vs. stores

As the swell of holiday shopping subsides, online retail appears to have gained momentum this year. But traditional retailers and e-tailers alike face challenges to dominate in 2016, including weather, prices and profitability. >>

4 – Ailing McDonald’s Japan accelerates outlet closures, looks to have 190 shuttered before February

McDonald’s Holdings Co. (Japan) is accelerating the closures of outlets to cope with its deteriorating earnings traced to its loss of customer trust. >>

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April Wu

China Market Strategy

December 29, 2015

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Retail News Roundup – Dec 29

The top 5 retail news clips in Asia this week.

Newspaper

1 – Indomaret to open 1,600 outlets next year

Convenience store chain Indomaret is planning to open 1,600 more outlets across the archipelago next year to strengthen its grip on the market amid its confidence over the economic outlook. >>

2 – Holland & Barrett eyes India

UK health goods retailer Holland & Barrett is negotiating with a potential partner in India as its Asian retail rollout broadens.>>

3 – Young, rich, e-savvy will transform Chinese economy

China has been one of the world’s fastest-growing consumer markets in recent decades and there’s no sign that is going to change anytime soon, slowing economy or not, US management advisory firm Boston Consulting Group says in a new report. >>

4 – Eslite Group gives more details on plans to expand across Taiwan Strait

The Eslite Group, one of the largest bookstore chains in Taiwan, plans to expand across the Taiwan Strait next year by adding new stores in Taiwan, Hong Kong and mainland China. >>

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