April Wu

China Market Strategy

June 14, 2016

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Retail News Roundup – Jun 14

The top 5 retail news clips in Asia this week.

1 -Bangkok’s pop-up restaurants are changing the retail landscape

The trend for pop-ups or “restaurants without tenants” in Thailand’s Bangkok is giving shopping malls in the central business district and main streets in the suburbs a new lease of life. >>

2 – Japanese Company to Build Three Shopping Centers in Greater-Jakarta

A Japanese company plans to invest around Rp 900 billion ($68 million) to build three shopping centers in the Greater-Jakarta area in the next two years, raising hopes that it would boost much-needed foreign investment in the country and spur the sluggish property market.>>

3 – Survey: 37% of China’s generation Z thinks money is key to happiness

A recent report by communications agency OMD China suggests China’s Generation Z cares less about money, but that hasn’t necessarily affected Chinese consumers’ overall outlook toward their peers who buy high-end products, especially in first-tier and second-tier cities. >>

4 – Robinsons Retail Philippines eyes 200 stores

Robinsons Retail Philippines has announced it will add 200 stores, mostly convenience stores and supermarkets. >>

5 – New Look China’s rapid roll-out pays off

UK high street fashion retailer New Look plans to open 50 new stores in China this year as its Asian foray gains momentum. >>