April Wu

China Market Strategy

May 19, 2015

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Retail News Roundup – May 19

The top 5 retail news clips in Asia this week.

1 – INTERVIEW-Adidas emulates ‘fast fashion’ model to get back on trend

Battling new competition from fashion chains as well as traditional sportswear rivals, Adidas is eyeing the “fast fashion” model as a way of pepping up its three-striped ranges of tops, leggings and sneakers. >>

2 – Indonesian Online Marketplace Elevenia Sees Strong Growth in Transactions

Jakarta. Indonesia as an e-commerce paradise in just two years’ time may seem an idle dream to those who still struggle with connectivity as a massive burden in their lives. It is, however, an emerging reality for some of the people behind Indonesia’s growing online market ecosystem. >>

3 – Convenience store chains in Taiwan report lower earnings in 1Q

TAIPEI — Two major convenience store chains in Taiwan — President Chain Store Corp. (統一超商) and Taiwan FamilyMart Co. (全家) — suffered falls in their earnings for the first quarter, according to their financial statements filed with the Taiwan Stock Exchange. >>

4 – Chinese consumer brands keep position

TOP Chinese consumer brands secured their position by expanding into more geographical locations and offering new products, according to a latest study. >>

5 – Hugo Boss The Latest Luxury Brand To Feel The Sting Of China’s Spending Slowdown

Hugo Boss blamed its disappointing sales figures in China on the luxury spending slowdown in the country. Richemont also recently blamed the slowdown in China on falling short of analysts’ estimates. Burberry echoed Richemont’s sentiments and also added that the falling euro has led to an increase of “gray market” Burberry goods finding their way into China. >>