綠色BN
2015-07-14

Retail News Roundup – Jul 14

The top 5 retail news clips in Asia this week.
Newspaper
1 – Swedish major IKEA buys first land parcel in Hyderabad for retail store
IKEA Group, the Swedish home furnishings company, announced the purchase of its first land parcel in Hyderabad to build retail stores in India. The company is also evaluating suitable sites in Bengaluru, Mumbai, and Delhi NCR (National Capital Region) to open 25 stores in the long term. >>

2 – SuperGroup embarks on China expansion
SuperGroup is stepping into China via a joint venture deal with Trendy International Group, a casual fashion company backed by LVMH, the luxury goods house that owns Louis Vuitton and Céline. >>

3 – Sports shoes brand ASICS opens mono brand store
Japanese sports shoes and apparel company ASICS, which opened its first partnered mono brand store in the Capital, plans to expand to 8-10 cities in the coming months. >>

4 – Smoothie King eyes Asia
Smoothie King is currently located in Korea, Grand Cayman and Singapore, and according to Dan Hannah, VP of international business development, the company is now eyeing development in Japan, China, India, Indonesia, the Philippines, Taiwan, Australia and Brazil. >>

5 – eGG to be launched in Thailand, Malaysia, Singapore
eGG, the fast fashion optical boutique is proving such a hit with trend-chasing Chinese and Hong Kong consumers the brand is headed for Southeast Asia expansion. >>


  By April Wu 
  China Market Strategy

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