April Wu

China Market Strategy

September 19, 2017

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Retail News Roundup – Sep 19

The top 5 retail news clips in Asia this week.

1 – H&M makes bricks-and-mortar debut in Vietnam

H&M expands its global footprint with the opening of its first store in Vietnam. Located at Vincom Center Dong Khoi in Ho Chi Minh City, the new flagship store opened with a DJ performance and party. >>

2 – Canadian retailer Roots eyes Singapore, Malaysia for expansion

Canadian clothing retailer Roots is hoping an IPO will help it expand internationally, including Singapore and Malaysia. >>

3 – JD Sports enters South Korean market with Hot-T investment

The British sportswear giant amps up plans to take on South Korean market with 15 percent stake in Hot-T, as part of wider global expansion plans. >>

4 – Pagoda to open 10,000 stores by 2020, providing global superior fruits for Chinese consumers

Fruit retailer Pagoda says it is opening new stores in Mainland China at the rate of four or five a day and anticipates opening its 10,000th store by 2020. >>

5 -Vietnam retail sales soar this year

Vietnam retail sales soared 10.3 per cent in the first eight months of this year, according to figures released by the General Statistics Office. >>