綠色BN
2015-12-22

Retail News Roundup – Dec 22

The top 5 retail news clips in Asia this week.
Newspaper
1 – HK eyewear brand Mujosh opens 1st store in Australia, to have 1,000 stores worldwide in 5 years
The brand aims to have at least 1,000 specialty stores and mature distribution channels through the world in the next five years. >>

2 – Big C REIT will fund expansion
The board of SET-listed Big C Supercenter Plc has announced plans to set up a real estate investment trust (REIT) next year. Assets underlying the REIT are expected to comprise most of its 174 shopping centres in prime locations nationwide, covering 800,000 square metres of rental space. >>

3 – Bison plans 150 new myNEWS stores in Malaysia
Home-grown news stand and convenience store operator Bison Consolidated Bhd, which aims to expand its presence using proceeds from an upcoming public offer, plans to open 150 new myNEWS.com convenience stores across the country by 2017 from 205 stores currently. >>

4 – Lee clothing now sold in vending machines
Consumers can now buy Lee T-shirts from vending machines in selected locations, with jeans to be added next year. Central Marketing Group plans to boost the number of machines to 200 in three years from four at present. >>

5 – First M&S Beijing store opens
UK department store operator Marks and Spencer has opened its first store in Beijing. >>


  By April Wu 
  China Market Strategy
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