April Wu

China Market Strategy

October 27, 2015

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Retail News Roundup – Oct 27

The top 5 retail news clips in Asia this week.

1 – Alibaba group unveils omni-channel retailing plans for 2015 11.11 Global Shopping Festival

More than 1,000 retail brands, with 180,000 stores in 330 cities across China, will participate in this year’s 11.11 Global Shopping Festival. In Beijing alone, more than 8,000 stores will join the 11.11 festival. >>

2 – Hip & Bone China plans 50 stores

Fast-rising Canadian street sportswear fashion label Hip & Bone has formed a joint venture with MRH SpaRotica Groupe to roll out 50 stores in China over the next five years. >>

3 – Yum China to split from parent

US fast food giant Yum! Brands is to spin off its troubled Chinese operation into a separate business. The new company will be called Yum China. >>

4 – Smoothie King Vietnam expansion plan

South Korea’s Shinsegae Group is to buy the Korean network of 105 Smoothie King stores and launch the brand into Vietnam. >>

5 – Malabar Gold and Diamonds set to expand retail network

The jewellery store, a flagship company of the Malabar Group, plans to expand its retail network from 135 at present to155 in the next six months and further double it to 300 by 2020. (Its existing outlets are present across nine countries including India, the UAE, Bahrain, Qatar, Saudi Arabia, Oman, Kuwait, Singapore and Malaysia). >>