Chris Hubbard

@chriswhubbard Market Strategy

March 25, 2014

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Retail News Roundup – Mar 25

The top 5 retail news clips in Asia this week.

1 – Philippines’ Penshoppe eyes 25 new stores abroad

Filipino fashion retailer Golden ABC Inc. is expanding it business by opening more new stores locally and overseas this year. >>

2 – Foreign multi-brand retailers avoid India, at least for now

While the controversy over allowing or banning foreign direct investment (FDI) in multi-brand retail trading (MBRT) is keeping every political party on its toes before the coming Lok Sabha elections, foreign multi-brand retailers seem to be avoiding India, at least for now. >>

3 – Travel retailer opens 13 Shenzhen stores

Travel retailer LS is launching 13 standalone luxury fashion boutiques in Shenzhen Bao’an International Airport. >>

4 – Revlon in aggressive India expansion

Cosmetics company Revlon plans a massive expansion in India. Revlon India, a joint venture between Modi Group and Revlon, plans to open 100 new stores across the country over the next three years. >>

5 – Lane Crawford opens 1st luxury department store in Chengdu

Following the opening of its China flagship in Shanghai in October last year, Hong Kong-based department store operator Lane Crawford has opened a new store in Chengdu with an investment of CNY300 million (USD48.5m), the company said on Monday. >>


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