April Wu

China Market Strategy

August 9, 2016

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Retail News Roundup – Aug 9

The top 5 retail news clips in Asia this week.

1 – Under Armour’s 3 strategic steps to connect with consumers

On a recent earning call with press and analysts, Under Armour chairman and CEO Kevin Plank outlined some key strategic steps the brand is taking to reach more customers. >>

2 – Global 1000 spotlight: The top 10 e-retail players dominate

When accounting for the total value of merchandise sold on their websites, the largest online merchants own nearly half of the global online retail market. >>

3 – Hugo Boss China plans to cull more stores

The cull of Hugo Boss China stores will continue after a first round downsizing helped the German retailer’s bottom line. >>

4 – New Look to expand China network

Fast fashion retailer New Look is to expand its China store network. >>

5 – Luxury living gets even pricier for China’s rich

While it would be hard to say they’re “feeling the pinch” in the way the average person would think about money, the lifestyle of Chinese millionaires is getting more expensive as the costs of property, high-quality healthcare, education, weddings, and luxury goods are on the rise. >>