April Wu

China Market Strategy

October 13, 2015

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Retail News Roundup – Oct 13

The top 5 retail news clips in Asia this week.

1 – Ikea to open 25 stores in India

The company had been sourcing products from India for 28 years but it is yet to open its first store in the country. At Rs 500 crore for each store, Ikea’s investment in 25 stores could be Rs 12,500 crore. >>

2 – Thailand:Lawson eyes fast expansion

Competition among convenience store chains is heating up as Japan’s Lawson says it will add more than 100 Lawson 108 outlets next year. >>

3 – Columbia Korea in aggressive expansion

US sportswear brand Columbia says it will expand its retail network in South Korea, part of a strategy to become one of the top three retailers in its category there by 2020. >>

4 – Karl Lagerfeld to go online in 97 markets

The move marks a dramatic expansion of the company’s current online strategy which is to partner with leading department store brands, such as Harvey Nichols and Harrods, and selected online-only retailers Stylebob.com, Luisviaroma.com and Zalando.com. >>

5 – Uniqlo owner Fast Retailing puts brakes on US expansion

“The brand penetration in big cities such as New York, San Francisco and Chicago — where we will open a new store – is good, but not in the suburbs,” said Tadashi Yanai, chief executive. “We need to overhaul our policy for opening new stores.” >>