綠色BN
2014-11-04

Retail News Roundup – Nov 04

The top 5 retail news clips in Asia this week.
Newspaper
1 – Wal-Mart to close 30 underperforming stores in Japan
Wal-Mart Stores Inc said on Thursday it would close 30 underperforming stores in Japan, scaling back in what was once considered one of the retailer’s most promising markets and highlighting the hurdles it faces to securing growth overseas. >>

2 – Seven & I to challenge online retailers with same-day delivery
Retail giant Seven & I Holdings Co. next year will start providing same-day delivery of products sold online by its group stores, a source close to the matter said Wednesday. >>

3 – McDonald’s to open 27 stores in Thailand next year
McThai Co, the local operator of the McDonald’s fast food chain, will increase its investment budget by 25 percent to THB900 million (USD27.6m) to expand business in Thailand next year. >>

4 – Analysis: Retail overview: Huge opportunity amid tight competition
The potential of the Indonesian retail market in the medium-to-long term remains substantial despite an expected flattening of growth in national retail turnover this year, consistent with the slowdown in the Indonesian economy.  >>

5 – Crocs loses favour in Asia
Shoe brand Crocs is finding Asia a tough market with falling sales and bad debts from Chinese retailers.The company said the broader Asia market was “substantially impacted” by a weaker performance in China at both wholesale and retail level. >>


  By April Wu 
  China Market Strategy

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