綠色BN
2014-07-22

Retail News Roundup – July 22

The top 5 retail news clips in Asia this week.
Newspaper
1 – Apple to open 11th China store
Tech giant Apple is slated to add another location in the world’s second largest economy. Apple will reportedly open its 11th store in China in Chongqing’s Paradise Walk mall in the Jiangbei District on July 26. 
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2 – Walmart shows renewed zest for India
American retailer Walmart has injected new investment into India, demonstrating a renewed optimism for the market. Walmart has invested 6.2 billion rupees ($102.9 million) into its Indian wholesale business, its second capital infusion since separating from former partner Bharti Enterprises.
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3 – Topshop adds Hong Kong location
British brand Topshop has opened its second store in Hong Kong in Admiralty. The new 6300 sqft Topshop at Queensway Plaza also includes Topman outlet, the first in Hong Kong.
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4 – Hanoi named in region’s top crowded retail markets
Hanoi has been listed in the top three cities with the most crowded retail market in the Asia-Pacific region in 2014, after China’s Beijing and Shanghai.
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5 – 3 Reasons there’s no time to waste in China’s luxury e-commerce market
There’s no question that e-commerce is booming in China: the country is expected to overtake the United States as the world’s largest e-market this year in absolute USD value. Many luxury brands, however, have been slow to jump on the e-commerce bandwagon, despite the fact that more than 50 percent of Chinese internet users shop online and online sales are expected to comprise 9 percent of total Chinese consumption in 2014.
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 By Chris Hubbard 
   Market Strategy

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