April Wu

China Market Strategy

April 18, 2017

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Retail News Roundup – Apr 18

The top 5 retail news clips in Asia this week.

Newspaper

1 – Younger buyers seen as key for luxury industry

The younger generation will be key for the luxury industry in the next decade as it enters a “new normal” characterised by lower growth, new research shows. >>

2 – Miniso has big plans for India, Indonesia

Chinese variety retailer Miniso is planning to establish subsidiary corporations in India and Indonesia as well as four other territories. >>

3 – Toys R Us announces merger of its Japan and Asia businesses

The retailer is consolidating its businesses in Japan, Greater China and Southeast Asia. >>

4 – Daiso Japan ramps up expansion in Philippines

DAISO JAPAN is ramping up its store expansion this year, amid stiff competition posed by the entry of other affordable lifestyle brands from Japan, South Korea and China. >>

5 – Food delivery apps expanding rapidly in Korea

Food delivery mobile applications are growing rapidly in South Korea, driven by burgeoning demand amid the spread of the lone-eating trend and a rising number of single households, industry sources said Tuesday. >>