April Wu

China Market Strategy

June 9, 2015

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Retail News Roundup – Jun 9

The top 5 retail news clips in Asia this week.

1 – US retailer Gap Inc looks at 40 India stores in four years

Gap Inc., the San Francisco-based, $16.4-billion clothing, accessories and personal care products major, will launch 10 new stores in Bangalore, Mumbai and New Delhi over the next one year, after it opened its first one here last week. >>

2 – Social media with retailers boosts purchasing

ALMOST 90 percent of Chinese consumers said they have bought more after interactions with retailers through social media, compared with 62 percent globally, as technology continues to drive China’s retail landscape. >>

3 – Ikea to make home deliveries in all countries with stores

Swedish furniture giant Ikea announced that it would expand its online sales service to include home deliveries in all countries where it has stores in Maylasia.>>

4 – Chow Tai Fook boosts network as sales slip

Chow Tai Fook added 180 new points of sale in the 2015 financial year and says it will continue to expand despite the slip in sales. The company now has 2257 points of sale, largely in Hong Kong, mainland China and Macau. >>

5 – China PE investor buys Ports

Chinese private equity company Oriental Fortune has agreed to purchase a 20 per cent stake in Hong Kong listed Ports HK. >>