綠色BN
2014-06-10

Retail News Roundup – June 10

The top 5 retail news clips in Asia this week.
Newspaper
1 – Gap to be 1st US retailer to enter Myanmar market
Gap Inc. has announced plans to produce clothing in Myanmar, the first American retailer to enter the market since the Southeast Asian country began its transition to democracy three years ago. 
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2 – Isaia in Greater China expansion
Luxury Italian menswear brand Isaia is eyeing growth in Greater China.

The company has signed a five-year strategic partnership with Hong Kong-based ImagineX Group to aggressively drive the brand’s expansion in the mainland.
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3 – Ikea plans China malls
Swedish furniture retailer Ikea is thriving despite the stagnant residential property market in China. Ikea plans to open shopping malls in China, the first planned for Wuxi in Jiangsu province in late June. Two more will follow in Beijing and Wuhan. .
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4 – Gap set to enter India
American clothing retailer Gap could open its first store in India early next year. Gap is said to be in advanced discussions with Indian company Arvind to develop the retailer’s brands in India.
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5 – Price-savvy Chinese Tourists step up Europe luxury outlet shopping
China’s notoriously high tariffs on foreign luxury goods have made
shopping a key travel motivator for Chinese tourists headed abroad. As a growing number of middle-class Chinese consumers travel internationally, their price-conscious mindset is sending them to luxury outlets in Europe in record numbers. >>


 By Chris Hubbard 
   Market Strategy

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