Chris Hubbard

@chriswhubbard Market Strategy

April 1, 2014

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Retail News Roundup – April 1

The top 5 retail news clips in Asia this week.

Newspaper

1 - McDonald’s launch mobile payments for McDelivery in Thailand

AEON Thana Sinsap (Thailand) Public Company Ltd. and McDonald’s have launched a new mobile payment service using Swiff technology in Thailand. The mobile POS (mPOS) solution – the AEON Easy Pay mPOS Service – is the first for the global food service retailer in the country. >>

2 - Alibaba invests USD692 million in Chinese department store operator

China’s Alibaba Group agreed to invest USD692 million in a Chinese department store operator Intime Retail as the e-commerce giant looks to bring the benefits and convenience of online shopping to customers who visit real bricks-and-mortar stores. >>

3 - Lotte targets global growth

Korean department store operator Lotte is banking on international expansion to take it into the top five global department store chains. Lotte plans to open in Shenyang, China and Hanoi, Vietnam this year, taking its overseas store count to eight. >>

4 - Foreign retailers seek looser rules in Vietnam

Foreign business associations have urged the Vietnamese government to loosen and make more transparent the economic needs test (ENT) that foreign retailers have to pass to establish their second and subsequent outlets. >>

5 - Pinkberry enters Japan

 Yogurt retailer Pinkberry is expanding into Japan, its 20th market. Pinkberry has selected Royal Holdings, which operates 722 restaurants across several brands, as its franchisee for the Japan market. >>

 

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