April Wu

China Market Strategy

May 31, 2017

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Retail News Roundup – May 31

The top 5 retail news clips in Asia this week.


1 – Customer traffic dropping fast at Korean online shopping malls

Online shopping malls are fast losing customer traffic, industry data showed , compounding their massive business losses last year. >>

2 – Hermès to debut store in second-tier Chinese city to meet surging demand

French luxury house Hermès is set to open a new store in the city of Changsha by summer. The move marks the debut of an Hermès store in a second-tier city in China. >>

3 – Goodbye Gong Cha, hello LiHo

The man who introduced Gong Cha to Singapore is now taking the bold step of removing every single outlet of the popular bubble tea brand to replace it with his own made-in- Singapore creation. >>

4 – Fast fashion is turning into ultrafast fashion – report

New players such as Boohoo.com, Asos and Missguided are bringing products from design to sale in as little as one or two weeks – even quicker than traditional fast-fashion pioneers such as Zara and H&M. >>

5 – Spar China to expand in southeast

Spar China and Yunnan Anning Jinfang Commercial Group have signed a partnership agreement authorising Jinfang to grow the Spar brand in the nation’s southeast. >>