Chris Hubbard

@chriswhubbard Market Strategy

April 29, 2014

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Retail News Roundup – April 29

The top 5 retail news clips in Asia this week.

1 – Starbucks sees Asia Pacific sales soar

Coffee giant Starbucks has recorded a robust growth during the second quarter, especially across China and Asia Pacific. Global comparable store sales rose six per cent during the three months ended March 30. >>

1 – Japan retail sales grow at fastest pace in 17 years

Japanese retail sales rose in March at their fastest pace in 17 years as consumers went on a shopping spree before a national sales tax hike took effect on 1 April, setting the stage for a decline in consumer spending the following month. The 11 percent annual increase in retail sales matched the median estimate and marked the fastest gain since the last time the government raised the sales tax in 1997, as consumers stocked up on electronics, toiletries and clothes to avoid paying higher prices . >>

3 – Indian group plans more malls

HBN Group plans to open more shopping malls in India’s second and third tier cities. “Our goal is to create successful and professionally managed malls,” said H S Sran, HBN’s CEO. >>

4 – K11 concept expands in China

Hong Kong’s New World Development is expanding its unique K11 art meets shopping mall concept into Shenyang. Like its original mall in downtown Hong Kong and another newer one in Shanghai, Shenyang K11 Art Mall mixes core concepts of art, people and nature, in a high-end mall in the Shenyang New World Center. It will be one of the biggest shopping malls in Shenyang when it opens in January 2016. >>

5 – Cabe Studio expands to China

American womenswear brand Cabe Studio is expanding its Asian presence with four new stores to open in mainland China. Cabe Studio is a tailored ready to wear brand founded by Kathy Rego. The brand is inspired by classic silhouettes more commonly associated with luxury design houses. >>

Chris Hubbard is a Digital Marketing Strategist in Asia,
with a background in corporate Creative Direction and Branding.
Follow him on Twitter @chriswhubbard