綠色BN
2014-06-03

Retail News Roundup – June 3

The top 5 retail news clips in Asia this week.
Newspaper
1 – Tencent allows WeChat account owners to open ‘micro shops’
Tencent has made a further step into the mobile shopping sector after it started to allow WeChat official account owners to open shops on the popular smartphone chat software.
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2 – New Damiani store opens at The Shoppes at Marina Bay Sands
Italian luxury jeweler Damiani has opened a second boutique in Singapore. The store is located at The Shoppes at Marina Bay Sands.

American actress and philanthropist Eva Longoria was the guest for the official store opening event, which was also a celebration for Damiani’s 90th anniversary.
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3 – Sale of media tablets nearly doubles in the Philippines
Media tablets posted a nearly two-fold (95 percent) increase in sales volume in the first quarter of 2014 compared with the same period last year.
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4 – Starbucks comes under 7-Eleven control in Australia
The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks’s struggling local operations in a bid to turn around its fortunes, the company said on Wednesday.
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5 – Tokyo Asia’s hottest city for global retailers
Tokyo is the second most attractive city for global retailers, behind Paris. According to CBRE, Japan’s capital city has seen the number of new entrants during 2013 double (48) since 2012, reflecting renewed confidence in the economic prospects of Japan. 
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 By Chris Hubbard 
   Market Strategy
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