綠色BN
2014-08-05

Retail News Roundup – August 5

The top 5 retail news clips in Asia this week.
Newspaper
1 – Polo making a comeback among China’s elite
“The rise of polo in China reveals a lot about the country’s market today: it speaks to the vast wealth of China’s winners – the lucky one percent – and the staggering ambition that has developed here in the past few decades.”  
>>

2 – Samsonite plans to buy local brands in India
Samsonite is scouting for acquisition of local brands to strengthen its position in the Indian market. The company is also targeting up to 30 per cent sales growth at Rs. 800 crore (USD130.6 million) in this calendar year.
>>

3 – Uniqlo expands to US Midwest
Japanese clothing brand Uniqlo is to open a flagship store in Chicago next year, marking its entry into the Midwest. The Chicago store will be located at 830 North Michigan Avenue in the heart of The Magnificent Mile. It will be its second largest store in the US after its Fifth Avenue global flagship in New York.
>>

4 – Singapore mall expands
Singapore mall Northpoint City is to add about 300 new shops, nearly trebling its size. The shopping mall currently has 170 shops. By 2018, when the project is complete, Northpoint City will include a town plaza, community club, a rooftop community garden and a residential estate called North Park Residences.
>>

5 – More Chinese pay through mobile phones: report
Payments through mobile phones in China rose 707 percent year on year in 2013, a research report said on Saturday. Mobile payment users hit 125 million in 2013, up 126 percent year on year, said the 2014 China Internet Financial Development Report. 
>>


 By Chris Hubbard 
   Market Strategy

Also Worth Reading:
Share:

Relatived article

Categories
Tags

topgreen2