April Wu

China Market Strategy

March 3, 2015

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Retail News Roundup – Mar 3

The top 5 retail news clips in Asia this week.

1 – Prada opens first store in Vietnam

Prada opened its first store in Vietnam, in the heart of Hoan Kiem, Hanoi’s prestigious shopping district. >>

2 – VN retailers face pressure as foreign firms enter the market

Vietnamese businesses are seeing significant pressure after the Government started allowing foreign investors to open wholly-owned retail companies in January. >>

3 – A new way for brands to boost sales with social media

A new study by Networked Insights, which monitors social conversations across networks including Twitter, YouTube and Reddit, found there’s a correlation between the way consumers talk about certain brand metrics, and a retailer’s same-store sales. >>

4 – Ethan Allen China boost

American home furnishings brand Ethan Allen China has opened its 75th store Chinese store – an elegant, multi-level flagship in Haikou, Hainan’s capital. >>

5 – KFC Thailand to boost network

KFC Thailand says it plans to open 55 new outlets in 2015 and refurbish another 20 as it aims to boost its share of the nation’s fast food market. >>

 

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