April Wu

China Market Strategy

August 16, 2016

  • Share by Email
  • Tweet This
  • Share on Google+
  • Share on Facebook
  • Share on LinkedIn
  • Tweet This

Retail News Roundup – Aug 16

The top 5 retail news clips in Asia this week.

1 – Lacoste to double POS options in India by 2021

French lifestyle brand Lacoste, known for its ‘crocodile’ logo polo T-shirts, has said that after a short period of lull, the company plans to again go for a major expansion in this country. It will be doubling its 50 point-of-sales (PoS) by 2021. >>

2 – Watsons stores lead 1000 openings for Hutchison

Hutchison said in its six month results released Friday it has added 257 stores to its global network already this year and 800 more would open by year-end. About two thirds of those will be Watson healthy and beauty outlets, mainly in China and Asia. >>

3 – McDonald’s M’sian franchise sale to accelerate growth

McDonald’s Corp’s plan to seek a master franchise partner for its restaurants in Malaysia and Singapore is part of a global effort to streamline operations by empowering local master franchisors to make faster business decisions and accelerate growth. >>

4 – Alibaba sales soar 59pc as Chinese continue shopping online despite slowing economy

Investments by e-commerce giant in media, entertainment and cloud computing also added to revenue. >>

5 – It’s official: Ikea’s first store is coming to Hyderabad in 2017

Swedish furniture giant Ikea has begun construction on its first Indian retail store that will come up in Hyderabad with an investment of about ₹700 crore. >>