April Wu

China Market Strategy

December 9, 2014

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Retail News Roundup – Dec 9

The top 5 retail news clips in Asia this week.

1 – Middle class spurs wave of retailer expansion in Asia-Pacific

Asia’s middle class is set to triple, from 525 million in 2009 to over 1.7 billion by 2020. China, India and Indonesia will also all be in the top ten global markets for retail consumption demand by 2020. >>

2 – 7-Eleven starts duty-free service

Seven-Eleven Japan Co. started exempting foreign visitors from paying consumption tax at two of its shops, becoming the first convenience store operator in Japan to launch the service to attract more foreign travellers. >>

3 – Malaysians ‘looking not buying’

According to a report by Nielsen, part of a global review of consumer spending intentions, about four in five Malaysian consumers have adjusted their spending habits in the past year to improve household savings (79 per cent compared to 65 per cent globally). >>

4 – Lawson plans huge Thai roll-out

Japanese convenience store operator Lawson entered Thailand just this year – now it says it will embark on a huge roll-out of stores there over the next five years.The chain currently has 31 stores in Thailand and will invest more than US$60 million in a direct challenge to market leader 7-Eleven. >>

5 – Interview: Beauty Brand Erno Laszlo CEO Talks Big Plans For China Expansion

Late Hungarian-American dermatologist Erno Laszlo’s eponymous skincare brand turns 88 next year. Coinciding with the auspicious anniversary (the number eight is considered lucky in Chinese culture) is a China-centric expansion plan that includes the launch of 10 stores by 2015, the second of which will open in Shanghai later this month. The company also aims for 100 counters in the next five years, according to CEO Rochelle Weitzner. >>

 

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