April Wu

China Market Strategy

October 20, 2015

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Retail News Roundup – Oct 20

The top 5 retail news clips in Asia this week.

1 – FamilyMart, Uny agree all-stock merger

FamilyMart Co. has agreed to buy Uny Group Holdings Co., the operator of the Circle K and Sunkus chains, creating the nation’s second-largest convenience store operator. >>

2 – Mini-marts boom as Vietnam’s shoppers shift spending patterns

Vietnam is seeing a mini-boom in mini-marts, with local and foreign players beefing up their presence as shoppers eye easy buys while a robust economy increases spending power. >>

3 – Ikea celebrates first anniversary in Indonesia, eyes expansion

Furniture giant Ikea marked its first full year of operations in Indonesia this week by welcoming its 2.8 millionth customer to its store in Alam Sutera, on the western outskirts of Jakarta. >>

4 – Li-Ning growth strengthens

Hong Kong-listed Chinese sportswear brand Li-Ning has released the vaguest operational update of the year – but nevertheless, it’s clear the brand is still growing. >>

5 – Cold Stone Creamery Cambodia plans 13 stores

Over the next five years, 13 Cold Stone Creamery locations will open in Cambodia, the first scheduled for the capital city Phnom Penh sometime during the next six months. >>