April Wu

China Market Strategy

March 31, 2015

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Retail News Roundup – Mar 31

The top 5 retail news clips in Asia this week.

1 – Convenience stores look at mobile app potential

Two major convenience store chains in Taiwan are trying to introduce mobile apps to give customers access to a greater range of services and boost sales as e-commerce could soon revolutionize the convenience store industry. >>

2 – WeChat Makes E-Commerce Push to Serve Growing Users in Indonesia

The developers of the popular multi-platform messaging app WeChat have rolled out an e-commerce offering through the app to tap the boom in the number of Indonesians using smartphones and engaging in online transactions. >>

3 – H&M to open 400 new stores in FY 2014-15

Swedish fashion retailer Hennes & Mauritz (H&M) has said “strong” store and online expansion led to improved sales and profits in the first quarter. >>

4 – Gome plans 100,000 ‘micro stores’

Chinese electrical retailing giant Gome plans to open 100,000 ‘micro stores’ in 2015 in a move it says will help it build a retail community of more than 100 million customers. >>

5 – Lululemon eyes Asia growth

Yogawear retailer Lululemon sees a positive future in Asia, despite bad experiences in Japan and Australia. >>