April Wu

China Market Strategy

May 5, 2015

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Retail News Roundup – May 5

The top 5 retail news clips in Asia this week.

1 – V-Mart to invest USD31.4m, add 200 stores in 5 years

Indian retail chain V-Mart will invest around INR200 crore (USD31.4 million) to add nearly 200 new stores in different part of the country in the next five years. >>

2 – China brands favored by domestic consumers in marketing

CHINESE brands are generally outperforming their multinational counterparts in terms of consumer preference as they’re quicker to catch up with latest media trends and bold with new marketing campaign formats, industry experts noted. >>

3 – Walmart to open 115 stores in China

The world’s biggest retailer, Walmart, plans to open 115 new stores in China by 2017, the company says. >>

4 – Costa Coffee China to treble network

Costa Coffee China is to boost its cafe network to 900 on the back of growing sales and profit in the market. >>

5 – Nespresso opens cafe concept

Capsule coffee brand Nespresso has opened a global pilot cafe concept in Vienna, Austria. >>