April Wu

China Market Strategy

November 17, 2015

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Retail News Roundup – Nov 17

The top 5 retail news clips in Asia this week.

1 – Landmark Group to open 50 more Easybuy stores in 3 years

Dubai-based retail major Landmark Group is envisaging opening 50 more Easybuy apparel value retail format stores across the country over next three years. >>

2 – Pxmart to acquire Matsusei Supermarket for NT$450 mil.

The nation’s largest grocery store Pxmart (全聯) will acquire Matsusei Supermarket (松青超市) at a price tag of NT$450 million, giving it over 800 stores nationwide. >>

3 – Hello Curry plans 100 outlets in 2016

Indian quick service restaurant chain Hello Curry says it plans to treble its network by the end of 2016. >>

4 – Singles Day 2015: the new record

It’s over. And the total GMV for Alibaba Group’s 11.11 Global Shopping Festival soared to US$14.3 billion (RMB 91.2 billion) this year. >>

5 – (video)KFC Drives Yum’s Surging Sales in China, Pizza Hut Drops

The US company, which last month revealed plans to spin off its Chinese operations into a separate company, said total Chinese October same-store sales grew an estimated five per cent, compared to same-store sales growth of six per cent in September. >>