April Wu

China Market Strategy

May 25, 2016

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Retail News Roundup – May 25

The top 5 retail news clips in Asia this week.

1 – Philippine GDP growth surpasses China

The Philippines has surpassed China in terms of GDP growth, for the first time in three decades, making the country the best performer in Asia* in Q1 2016. >>

2 – China market: 780 million smartphone-based active surfers in 2015, say report

The most frequently visited websites were of three categories: social networking, search and e-commerce.>>

3 -Big C Thailand to open 84 new stores this year

Big C unveils its expansion plan of USD140-160m. The retailer is going to open 6 hypermarkets, mainly in the Northeast and South of Thailand, three Big C Market stores upcountry, including in the Northeast and about 75 Mini Big C stores, of which 50 will be through franchising. >>

4 – Gap to Close Old Navy in Japan, Warns of Earnings Shortfall

Gap Inc., under pressure to turn around operations amid a prolonged sales slump, said it plans to close all its Old Navy stores in Japan and some Banana Republics mostly outside of North America by the end of its business year. >>

5 – China’s luxury travel market in 2025: slower growth rate will still be world’s largest

A new report by travel technology group Amadeus has a cautious outlook on the future growth of luxury trips taken by Chinese consumers based on the repercussions of China’s ongoing anti-corruption crackdown. >>