April Wu

China Market Strategy

April 28, 2015

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Retail News Roundup – Apr 28

The top 5 retail news clips in Asia this week.

1 – Tesco to go slow on India operations

The UK’s leading retail chain Tesco is likely to go slow on expansion in India, after the record $9-billion annual loss it announced last week. The retailer, which has in the recent past exited many countries, including the US and Japan, might still hold on to India as these still are its early days here. >>

2 – Shanghai to promote fashion branding

SHANGHAI will encourage firms to establish national and global brands, especially in fashion and mobile Internet industries. >>

3 – UNIQLO to expand interstate in pursuit of growth

Japanese retailer Fast Retailing may have to inject new capital into UNIQLO Australia to fund the next phase of growth as the casual clothing chain expands into new states and suburban markets, increasing pressure on department stores and specialty retailers. >>

4 – China ‘still the land of opportunity’

China remains a compelling market for global retailers and continues to offer a plethora of untapped opportunities, despite a recent moderation of its GDP growth. >>

5 – McDonald’s India expands McCafe

McDonald’s India has opened three McCafés in Bengaluru. >>