綠色BN
2016-01-12

Retail News Roundup – Jan 12

The top 5 retail news clips in Asia this week.
Newspaper
1 – China Retail: Convenience stores – the beauty of small format retailers
Convenience stores (CVS) is the fastest-growing retail format among all other retail formats in China, but the development of convenience stores in the country is still unbalanced – coastal areas is more mature and concentrated than in inland areas, according to a new report from the Fung Business Intelligence Centre. >>

2 – Brookstone opens 1st overseas store in China, eyes more shops in airports, railway stations
US specialty retailer has opened its first overseas store in one of the largest retail shopping centers in the Chinese city of Nanjing. It also opened three store-in-stores within Funtalk Telecommunication’s locations in Beijing and Shanghai. >>

3 – Thai TCC Holding takes over Vietnamese Cash and Carry
According to the release by the Metro Group, TCC Land International Pte. Ltd., a subsidiary of TCC Holding Co. Ltd., has acquired the business in Vietnam which consists of 19 wholesale stores, 3,300 employees and the related real estate portfolio for an enterprise value of EUR655 million. >>

4 – Uniqlo struggles with currency, weather
Uniqlo, Asia’s largest apparel retailer, has delivered a disappointing set of results for the quarter to November 30. >>

5 – Alibaba to focus on China’s biggest cities
Alibaba Group CEO Daniel Zhang has laid out the eCommerce giant’s strategic direction for 2016, saying Alibaba will be looking to grow its already large operations in China’s biggest cities.That change of focus follows a year in which it made global expansion and greater penetration of China’s underserved rural markets priorities during 2015. >>


  By April Wu 
  China Market Strategy

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