April Wu

China Market Strategy

January 19, 2016

  • Share by Email
  • Tweet This
  • Share on Google+
  • Share on Facebook
  • Share on LinkedIn
  • Tweet This

Retail News Roundup – Jan 19

The top 5 retail news clips in Asia this week.

1 – Forever 21 to open second HK store in Mong Kok, eyes further expansion in Asia

US fast-fashion retailer Forever 21 will open its second store in Hong Kong this year, capitalising on the shift in consumer demand from luxury to non-luxury products. >>

2 – Starbucks to open 500 new stores in China in 2016

US specialty retailer has opened its first overseas store in one of the largest retail shopping centers in the
Starbucks, the world’s largest coffee chain, said on Tuesday it aims to open 500 stores in China this year, shrugging off a slowdown in the world’s second-largest economy that has hit global retailers. >>

3 – Visa claims more Filipinos using contactless payments

More consumers in The Philippines are using contactless payments, according to the Visa Consumer Payment Attitudes Study 2015. >>

4 – Where Chinese tourists are spending their shopping dollar

Mainland China has become one of the main global suppliers of tourists, and that has been paying dividends for retailers globally.But as the Chinese are roaming further afield, Hong Kong and Macau retails have seen their sales dropping. >>

5 – Indonesia to allow 100% foreigners ownership in e-commerce

Indonesia will allow foreigners to own 100 percent stakes in local e-commerce business and pay a higher income tax rate. The moves comes among a slew of government revisions to its negative investment list in a bid to attract more investment into the country. >>