April Wu

China Market Strategy

November 10, 2015

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Retail News Roundup – Nov 10

The top 5 retail news clips in Asia this week.

1 – 11.11.2015: Here’s what to expect on Wednesday

There are just days to go before Alibaba Group holds its 11.11 Global Shopping Festival. Merchants are laying on stock and pre-packing popular products to ready them for shipment. Delivery companies are training hundreds of thousands of temporary workers hired to help deliver the massive volume of parcels generated during the November 11 online sale, held on China’s Singles Day holiday. >>

2 – Fresh Mart plans to open 400 new stores

Competition among mini-supermarkets is getting even hotter, with CP Fresh Mart announcing plans to spend 1.2 billion baht to increase its number of outlets to 1,000 over the next three years, challenging big players in the field led by Tesco Express. >>

3 – Luxury brands set foot into food and beverages in Asia-pacific

Luxury brands are expanding beyond their core fashion businesses into the food and beverages (F&B) sector, transitioning their brand from being totally fashion-oriented to more lifestyle-driven, according to a new report of CBRE – The Future of Luxury Retail in Asia Pacific: New Demand Drivers and Shifting Occupier Requirements. >>

4 – Dairy Farm struggles in SE Asia

Dairy Farm International Holdings says softer sales growth and steep cost increases led to weakened margins in the third quarter. >>

5 – Luxury brands who are best at balancing exclusivity and demand in China

The primary findings aren’t news per se, at least according to most market reports. They reveal that luxury stalwarts like Chanel, Dior, and Hermès are what Chinese shoppers think about most when they go to sleep at night—it’s not surprising, then, that Apple looked to Hermès’ timeless leather designs for its latest wearable tech collaboration that attracted droves of China’s fashion-savvy. >>