April Wu

China Market Strategy

November 3, 2015

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Retail News Roundup – Nov 3

The top 5 retail news clips in Asia this week.

1 – Marks & Spencer goes online but via e-tailers Myntra, Flipkart

British fashion and lifestyle brand has been trying to make a foray into the online segment for some time now in the India market. >>

2 – Vingroup announces plan to buy supermarket chain

Vingroup has announced it will buy a 100 per cent stake in supermarket chain Maximark of HCM City-based An Phong Joint Investment Joint Stock Company. >>

3 – Bonia banks on Vietnam, Indonesia

Fashion retailer Bonia is ramping up its presence in Vietnam, Indonesia and Cambodia as it looks to fresh sources of income as sales slide in its home market of Malaysia. >>

4 – FedEx prepares for eCommerce boom

FedEx Asia Pacific is predicting a record breaking Singles Day in Asia this November 11. >>

5 – Four trends to shape food retailing future

The drivers of change are based on increasing population growth, especially in Asia and Africa, and urbanisation as well as rapid technological changes, and outlined four big trends that will shape the future of global food retailing. >>