April Wu

China Market Strategy

September 30, 2014

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Retail News Roundup – September 30

The top 5 retail news clips in Asia this week.

1 – Forget China, this is the next big luxury market

India is the fastest-growing emerging market for luxury goods, according to some experts, but whether it can surpass China as the world’s top luxury consumer is open for debate. >>

2 – Study: Consumers see social media as less important in the shopper journey

Consumers consider social media a less important part of their customer journey – from awareness, through to post-sale activity – compared to two years ago, a new global report released by Capgemini reveals.>>

3 – H&M Eyes Further Expansion in US, China

Fashion retailer Hennes & Mauritz AB said Thursday it plans to expand its business over the coming year by increasing online sales and opening new stores, particularly in its largest markets, the U.S. and China. >>

4 – Courts Indonesia ready for more stores in five years

PT Courts Retail Indonesia, a subsidiary of Singaporean retailer Courts Asia Ltd., aims to open more stores in Jakarta and other major cities as it prepares to launch its first megastore in October.. >>

5 – Investment firms eye Indian retailer

Asian investment firms, including Singapore’s Temasek, are eyeing 30 per cent of Indian retailer Aditya Birla.The investors, which also include L Capital, the investment arm of LVMH Group, and International Finance Corporation, a unit of World Bank, are reportedly in advanced talks to buy a minority stake in Aditya Birla Retail, whose portfolio includes Madura Fashion and Lifestyle and Pantaloons, for $400 million – $500 million. >>

 

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