April Wu

China Market Strategy

February 10, 2015

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Retail News Roundup – Feb 10

The top 5 retail news clips in Asia this week.

1 – Aeon plans big expansion of MaxValu supermarkets

Aeon (Thailand) Co, the operator of MaxValu supermarkets, has announced plans to speed up expansion in Thailand by increasing its number of stores to 500 by 2020. >>

2 – Wendy’s to sell 500 more stores to franchisees in 2015

In pursuit of its goal to reduce company-operated restaurant ownership to approximately 5 percent of the total system by the middle of 2016, Wendy’s recently announced that it is planning to sell 500 additional restaurants to franchisees this year. >>

3 – Mothercare enters Korea

Babywear retailer Mothercare is to launch in South Korea.The UK-based company has entered into a franchise agreement with Homeplus, a local supermarket chain owned by Tesco, to open retail stores and an eCommerce site. >>

4 – Line app gets into groceries

Social media and chat app Line is getting into the grocery retailing market with the launch of an online supermarket for Southeast Asia. >>

5 – Apparel retailer Cache files for bankruptcy

Cache has become the fifth U.S. apparel retailer to file for bankruptcy in three months as the sector struggles with growing competition and lower spending by teen shoppers. >>

 

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