Chris Hubbard

@chriswhubbard Market Strategy

February 25, 2014

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Retail News Roundup – Feb 25

The top 5 retail news clips in Asia this week.

1 – 7 Eleven to expand more outside Metro Manila

According to PSC business development division manager Francis Medina, the company’s growth target for this year is to increase the presence of 7-Eleven in the Visayas region by opening up 60 to 90 outlets. >>

2 – Suning plans massive expansion

China’s largest retailer Suning has committed to opening 200 new stores in 2014. >>

3 – Uniqlo opens first airport store

Japanese apparel retailer Uniqlo is to open its 16th Singapore store at Changi Airport Terminal 1. >>

4 – Esprit looks to China as it swings H1 profit amid turnaround

Esprit Holdings Ltd swung to its first profit in a year thanks to a turnaround plan that its chief executive said on Friday would also seek to stem losses in China. >>

5 – Vietnam’s consumer confidence marks two-year high, says survey

Vietnam’s Consumer Confidence Index (CCI) in the fourth quarter touched a two-year high, fuelled by the optimism in the job market, Nielsen reported. >> 

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