綠色BN
2014-10-28

Retail News Roundup – Oct 28

The top 5 retail news clips in Asia this week.
Newspaper
1 – Apple CEO says to add 25 stores in China within two years: Sina
Apple Inc Chief Executive Tim Cook said the company is planning to open 25 retail stores in China within the next two years, according to a Chinese transcript of an interview posted by web portal Sina.com.
>>

2 – LVMH keen on Asian market
Asia remains an important region for Hublot, the LVMH-owned luxury watch group, though an anti-corruption crackdown in China has reduced demand. Jean-Claude Biver, LVMH Group president of the watches division, considers market consolidation healthy as it creates a good base to build on. >>

3 – Aeon to team up with major Vietnamese retailers
Japanese retail giant Aeon said it planned to team up with leading Vietnamese retailers Fivimart and Citimart late this year. The cooperation is expected to help Aeon expand its activities to urban areas in the country’s two most highly developed economic regions. >>

4 – 200 in Phl, 100 overseas: Jollibee to open 300 new stores
Fastfood giant Jollibee Foods Corp. (JFC) is ramping up its store expansion for next year, with a third of new branches to be opened abroad.  >>

5 – Shanghai leads way in retail property development
Shanghai, Beijing and Hangzhou are the three cities in the Chinese mainland that offer the brightest prospects for retail real estate investors, CBRE, the world’s largest commercial property services provider, said in its latest report. >>


  By April Wu 
  China Market Strategy
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