綠色BN
2015-03-24

Retail News Roundup – Mar 24

The top 5 retail news clips in Asia this week.
Newspaper
1 – Hon Hai Chinese retail unit builds ‘makers’ brand
A retail subsidiary of Hon Hai Precision Industry Co., the world’s largest contract electronics manufacturer, plans to open 20 stores in China for technology innovators known as “makers,” by the end of the year. >>

2 -Hong Kong still key target market for global retailers
International expansion remains high on the agenda for retailers in 2015, despite uncertain economic prospects and cost escalation. Hong Kong follows mainland China as one of the most targeted markets in Asia-Pacific for global retailers considering expansion, according to a new report from CBRE How active are retailers globally. >>

3 – Luxury shoemaker Jimmy Choo to expand in China after earnings rise
Luxury shoemaker Jimmy Choo reported a 7.2 percent rise in annaul earnings and said it would continue to grow by expanding its store portfolio in China. >>

4 – New stores, eCommerce drive Gome growth
China’s Gome Electrical Appliances boosted online sales by 84 per cent last year helping fuel a 43.5 per cent boost in annual profit. At the same time, Gome says it continued to refurbish its bricks and mortar store network and revamp its supply chain, procurement and distribution operations. >>

5 – Tesco China drags down partner
Tesco China has been blamed for dragging China Resources Enterprise into the red.CRE has effectively taken control of Tesco China when the latter effectively admitted defeat in Asia’s largest grocery market, unable to penetrate the domination of local brands and store networks. >>


  By April Wu 
  China Market Strategy

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