April Wu

China Market Strategy

February 3, 2015

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Retail News Roundup – Feb 3

The top 5 retail news clips in Asia this week.

1 – RetailWATCH: Distribution in China – The rise of O2O and its implications

Talents shortage is the biggest challenge facing the traditional retailers for developing e-commerce in China, according to a report from the Fung Business Intelligence Centre released in November 2014.  >>

2 – Chinese tax free spending leaps

Chinese travellers boosted tax free spending by 30 per cent year-on-year in the last quarter of 2014. >>

3 – Kate Spade targets 100 stores in Greater China

Kate Spade is to buy out its Chinese joint venture partner in favour of a new partnership with Lane Crawford Group. >>

4 – TGI Fridays partners with Microsoft on tablets to streamline orders

TGI Fridays Inc. is equipping servers with 8-inch tablets so they can quickly and accurately process orders and payments while at the table. >>

5 – H&M earnings miss forecast, to add 400 stores in 2015

Hennes & Mauritz, the world’s number two fashion retailer, missed quarterly earnings forecasts as it spent heavily on new ranges and websites in its battle with cut-price rivals, a drive it plans to extend in 2015 with a new beauty line. >>

 

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Comments

  • Jessie Lim

    The invention of phone indeed created a boom in the economy. And mobile phone nowadays has a lot of uses including paying bills online. I just wish its possible to pay house loan online. I’m planning to buy a unit at Park 1 Suites. I have a close a deal at http://www.park1suites.org/

  • Kim Chua

    Well, I’m planning to buy a condo early next year at newest @ west coast. I wonder what are the rules apply if you are planning to buy a condo?