April Wu

China Market Strategy

September 22, 2015

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Retail News Roundup – Sep 22

The top 5 retail news clips in Asia this week.

1 – Apple retailer iBox to focus on regional markets

iBox, one of Indonesia’s largest resellers of Apple products, plans to open six more retail stores by the end of 2015, mostly focusing on regional areas that are potential markets for Apple products. >>

2 – Lacoste to expand stores at airports in India

French sportswear major Lacoste is looking to tap air travellers by opening more outlets at airports in major cities in India. >>

3 – (Video interview)Under Armour CEO expects revenue to double by 2018

Despite the economic slowdown in China, Plank told CNBC’s “Power Lunch” he believes there is still an opportunity to expand to overseas markets, including Asia. >>

4 – Internet pushes malls into mobile era

China’s mall sector is accelerating into the mobile era because of the fast development of online technologies and rapidly changing consumer habits. >>

5 – Lawson to accept UnionPay

Japanese retailer Lawson has installed 1000 ATMs in a new network to help Chinese tourists access their cash via UnionPay cards. >>