綠色BN
2014-09-02

Retail News Roundup – September 2

The top 5 retail news clips in Asia this week.
Newspaper
1 – Courts Asia to build 10 to 12 megastores in Indonesia over next 5 years
PT Courts Retail Indonesia, a subsidiary of Singaporean retailer Courts Asia Ltd., is looking to build 10 to 12 megastores in Indonesia over the next five years. “We have set a schedule to build 10 to 12 megastores over the next five years, but only three or four of them will be established as “big-boxes”. The remaining stores will be in malls,” Courts Indonesia CEO Roy Santoso said on Friday. 
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2 – Vietnamese consumers’ purchasing power edges higher
The purchasing power of Vietnamese residents increased slightly in the first eight months of 2014, following an increase in the purchase of goods and services. Officials of the General Statistics Office (GSO) attributed the slight increase to a 0.25 percent increase in the total retail sales value of goods and services in the first seven months of the year.
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3 – Alibaba plans IPO launch week
What will likely be the world’s largest initial public offering in years appears to be just over a week away. Chinese e-commerce giant Alibaba Group Holding Ltd. plans to launch its US IPO early in the week of 8 September, as the company aims to complete its monthslong dialogue with US regulators, a person familiar with the deal said.
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4 – Wendy’s to enter India
American hamburger chain Wendy’s plans to take a share of India’s $2.4 billion quick service restaurant market. It has partnered with Sierra Nevada to open outlets in India, the first of which is planned for 2015.
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5 – Central builds new mall
Central Pattana is to build a new CentralPlaza mall in Nakhon Si Thammarat, Thailand. The company has earmarked 3.5 billion baht ($109.5 million) to build a 150,000 sqm shopping mall in the city, its fourth in southern Thailand after Hat Yai, Surat Thani and Koh Samui; its 30th in the country.
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 By Chris Hubbard 
   Market Strategy

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