綠色BN
2016-03-22

Retail News Roundup – Mar 22

The top 5 retail news clips in Asia this week.
Newspaper
1 – Wal-Mart Japan to focus on remodelling stores, no plans to exit market
Wal-Mart Stores expects its Japan business to focus on remodelling existing stores rather than opening new ones this year, citing fierce competition and consumer reluctance to spend freely amid uncertain economic times. >>

2 – Taco Bell to open first store in China
Yum! Brands (YUM), which owns the Mexican fast food chain, plans to open its first store in China by the end of this year. >>

3 – China’s affluent spend more on experiences while luxury shopping remains “steady”
While Chinese luxury consumers still love to shop for their Chanel and Hermès handbags, a new report finds that they’re continuing to allocate a growing portion of their leisure spending to luxurious experiences such as travel and spa treatments. >>

4 – Li Ning skips out of the red
hanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. >>

5 – Vietnam mobile phone market heats up
The Vietnam mobile phone market is heating up, with major retailers pushing smaller businesses to the wall as new branded stores open almost every week. >>


  By April Wu 
  China Market Strategy

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