綠色BN
2014-07-08

Retail News Roundup – July 8

The top 5 retail news clips in Asia this week.
Newspaper
1 – Hunter commits to Japan
British lifestyle brand Hunter has signed a joint venture to expand into Japan. Hunter, renowned for its Wellington boots, has signed Itochu Corporation as JV partner to cater to Japanese consumers.
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2 – Ayala plans malls at train stations
The Philippines’ Ayala Land Incorporated (ALI) is to open shopping malls at LRT stations. Its parent company Ayala Corporation and Metro Pacific Investments Corporation will develop a mass transit infrastructure project and ALI will be the retail leasing partner.
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3 – WeChat luxury car crowdfunding goes viral in China
Good bargains and promotions are mandatory in China’s e-commerce market, and flash sales and group buying (tuangou wang) are strong incentives to buy online. Convenience is also a key driver: with a varied number of payment methods, including those through social and mobile apps like Weibo or WeChat, one can buy any kind of product–even a car.
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4 – Emilio Pucci opens new boutiques in St Tropez and HK
Italian luxury fashion house of Emilio Pucci (LVMH) opened this week two new mono-brand boutiques – one on the French Riviera in St Tropez on Rue Gambetta and a second one in Hong Kong at International Financial Centre.
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5 – Parkson opens new store in West Jakarta, to add another 4 in next 2 years
Parkson, a premium fashion and lifestyle department store, has finally arrived in Jakarta, opening its doors last week at the upscale Lippo Mall Puri, St. Moritz, in West Jakarta. Parkson is operated in Indonesia by Tozy Sentosa, which also operates Centro department stores at malls such as Plaza Semanggi. 
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 By Chris Hubbard 
   Market Strategy

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