1 – Walmart to open 50 cash and carry stores in 4-5 years
Walmart plans to open another 50 cash and carry or wholesale stores in India over the next four to five years, according to the US retailer’s Asia head Scott Price. The announcement comes just a day after the BJP manifesto opposed FDI in multi-brand retail. >>
2 – Is Click & Collect the saviour of retail?
Traditional bricks and mortar retailers are facing significant challenges because of the wave of digital disruption sweeping the industry. Shopping and spending is shifting online as technology progresses and consumers become more digitally savvy.
This year, Asia-Pacific will actually surpass North America to become the world’s largest market for business-to-consumer e-commerce sales (according to Forrester Research), with sales of nearly USD1.5 trillion (eMarketer). And with high smartphone penetration in developed Asia (Hong Kong, Singapore, Malaysia, Australia) and China, the region is primed for smartphone shopping. >>
3 – Thailand’s PowerBuy continues expansion
Thai electrical appliance retailer PowerBuy has earmarked 1.2 billion baht ($37 million) to open 12 new stores across Thailand this year. Marketing VP Sa-angtip Amornchat admits the overall economic situation is not very good, but, the company sees some positive factors that can spur sales of electrical appliances. >>
4 – Samsung plans Indian blitz
Korean tech giant Samsung plans to open between 3000 and 4000 new stores in India’s smaller cities to boost sales. Samsung already plans to open 1000 stores in fourth and fifth tier cities this year. >>
5 – How Lane Crawford’s ‘unique’ business model defies China’s anti-graft drive
Despite China’s ongoing corruption crackdown that has dampened sales for some luxury companies, Lane Crawford President Andrew Keith told CNBC that his company hasn’t felt the pain. In fact, Lane Crawford has gone ahead with its expansion plans into mainland China, and opened a new store in Chengdu this year. >>