April Wu

China Market Strategy

November 22, 2016

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Retail News Roundup – Nov 22

The top 5 retail news clips in Asia this week.

Newspaper

1 – FamilyMart to double stores in Thailand, take on 7-Eleven

The number of FamilyMart convenience stores in Thailand will double to over 2,000 within five years as the operator seeks to narrow the gap with industry leader 7-Eleven. >>

2 – CapitaLand to open 8 malls in 2017 with record 1 million sq m of retail space

CapitaLand will open eight shopping malls next year in three Asian countries. With a combined retail gross floor area (GFA) of close to one million square metres, it will be CapitaLand’s largest ever retail space offering in a single year. >>

3 – Suning grows fresh investment in e-commerce food platform

Chinese home appliance retailer Suning Commerce Group has led a US$200 million series C+ round in Yiguo.com, a fresh produce e-commerce platform backed by Alibaba Group Holding Ltd and Yunfeng Capital, with participation from other unnamed investors. >>

4 – Boom time for Korean convenience store sector

The Korean convenience store sector is experiencing rapid growth as heavyweights battle for market share. The number of convenience stores in South Korea surpassed 33,000 as of the end of October this year, marking a rapid growth since the opening of the first store 27 years ago, according to industry data. >>

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April Wu

China Market Strategy

November 15, 2016

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Retail News Roundup – Nov 15

The top 5 retail news clips in Asia this week.

Newspaper

1 – Alibaba rakes up record US$17.6 billion on Singles Day sales

Beijing: Alibaba Group, the e-commerce giant behind the 24-hour Singles’ Day shopping blitz, has raked up a record USD 17.6 billion in the Singles Day online sales, creating a new record in global retail sales for any single day. >>

2 – China’s M-commerce explosion drives 32 percent Singles’ Day sales growth

A KPMG study released on Singles’ Day also found that mobile sales are becoming increasingly dominant in China’s e-commerce market, as the firm’s third annual “Connected Consumers” found that 90.4 percent of 2,560 Chinese survey respondents had made a purchase over a smartphone in the past year. >>

3 – H&M to make Vietnam retail debut in 2017

Swedish fashion giant Hennes & Mauritz (H&M) is to make its retail debut in Vietnam with the opening of its first stores in the country next year. H&M will follow brands such as Zara, Mango and Gap om making its move on the Vietnamese market. In a statement, the retailer said it has signed for first store opening in the country during 2017. >>

4 – Marks & Spencer to shutter UK and China stores, not Singapore

Britain’s Marks & Spencer (M&S) said this week it will close around 60 stores in the UK, and will shutter more than 50 international stores, on the back of lacklustre sales growth in its apparel and home wares units across the globe. >>

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April Wu

China Market Strategy

October 18, 2016

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Retail News Roundup – Oct 18

The top 5 retail news clips in Asia this week.

Newspaper

1 – S. Korea’s largest retailer joins hands with Sinar Mas Land in Indonesia

Jakarta. South Korea’s largest retailer, GS Retail, opened its first supermarket in Cibubur, East Jakarta, on Friday (07/10) in partnership with Indonesian property developer Sinar Mas Land, to target the country’s upper-middle class. >>

2 – Global duty free market will expand to US$64 billion by 2020, according to new analysis

The global duty free market is expected to expand to US$64 billion by 2020, according to research from Verdict Retail. >>

3 – China biggest buyer of Korean beauty products

China was the biggest buyer of Korean beauty products last year, grabbing almost half of the country’s cosmetics exports, according to Korea Health Industry Development Institute data. >>

4 – Yum China aims to triple outlets

Yum China, being spun off at the end of this month by Yum Brands Inc, says it can triple its number of restaurants.Yum Brands opened its foray into China with a KFC restaurant in Beijing in 1987. There are now more than 7300 KFC and Pizza Hut outlets. >>

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April Wu

China Market Strategy

October 11, 2016

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Retail News Roundup – Oct 11

The top 5 retail news clips in Asia this week.

Newspaper

1 – Macy’s plans to launch an e-commerce site in China in 2017

Macy’s Inc. says it will launch a Chinese e-retail site in 2017 in order to increase its digital presence in the world’s largest e-commerce market. The department store chain announced the plan last week in Shanghai. >>

2 – Cath Kidston’s new owners are taking on Asia

The lifestyle brand has attained new ownership after its previous majority stakeholder TA Associates sold its shares to Baring Asia, who have now become the controlling majority stakeholders. >>

3 – Michael Kors banks on strategic plans, rising costs a worry

Michael Kors has been constantly deploying resources to expand its product offerings, open new stores, build shop-in-shops, and upgrade its information system and distribution infrastructure. >>

4 – TravelersBox rolling out in Asia

TravelersBox kiosks are being launched in Asian airports allowing travellers to deposit their leftover foreign coins into their preferred online accounts. >>

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April Wu

China Market Strategy

October 4, 2016

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Retail News Roundup – Oct 4

The top 5 retail news clips in Asia this week.

Newspaper

1 – China eyes Vietnam’s hundred-billion dollar retail market

Following Thai, Japanese and South Korean retailers flocking to Vietnam, Chinese investors are now jumping into the market. >>

2 – Boom in clothing and footwear retailing in China

The rising factor costs are a very big challenge in this price competitive market. To capture the large share of the market, manufacturers need to keep the price of their product as low as possible as if competitor’s price is lower than his price then he will lose all his market share. >>

3 – Alibaba to overtake Baidu to lead China’s digital advertising market

E-commerce juggernaut Alibaba will top China’s digital advertising market in 2016, surpassing current leader Baidu amid tighter internet advertising regulations which will likely put a dent in overall revenues. >>

4 – McDonald’s Philippines in massive expansion plan

Parent Alliance Global Group (AGI) says it will reach 500 outlets by the end of 2016 – and it plans to open another 400 restaurants between 2017 and 2020. >>

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