April Wu

China Market Strategy

July 4, 2017

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Retail News Roundup – Jul 4

The top 5 retail news clips in Asia this week.

1 – Indonesia’s 7-Eleven operator to shut all stores

Modern Internasional, the parent company of Indonesia’s 7-Eleven franchise operator, said it would close all of the unit’s convenience stores by June 30 due to “limited resources to support operations.” >>

2 – H&M sales up by 9 per cent for first half

H&M attributes the increases to continued expansion and tight cost control, including continued rapid and profitable growth of its online sales, which in some established markets already account for 25 to 30 per cent of total sales. >>

3 – Watson group planning new shops

The A.S. Watson Group plans to open 1,400 new outlets globally this year – 60 shops will be in Hong Kong – but it will not expand the electricity group Fortress. >>

4 – Spar to open 300 convenience stores in Thailand with DHL

Spar International has announced that it is partnering with logistics company DHL to establish up to 300 new convenience stores in Thailand by the end of 2020. >>

5 – KIODA to enter India via franchise route, open 300 stores

Malaysia-based Korean concept retail store KIODA plans to open 300 stores in India by 2021 and has tied up with Franchise India which will invest USD 10 million for expansion and marketing. >>