綠色BN
2016-05-10

Retail News Roundup – May 10

The top 5 retail news clips in Asia this week.
Newspaper
1 – Aeon reports 64% net profit decline in China
The report revealed that Aeon’s Hong Kong business revenue decreased by 1.7% to HKD3.82 billion and its Chinese mainland business revenue increased by 4.6% to HKD5.152 billion. >>

2 – China: Top chains have ‘toughest year’ in 2015 as sales growth decelerates, margins narrow
Total sales for the largest 100 chain retailers reached 2.1 trillion yuan ($324.24 billion), increasing 4.3 percent from a year earlier, read the report from the China Chain Store & Franchise Association (CCFA). >>

3 – Hong Kong retail sales ‘worst in history’
A MasterCard spending survey released ahead of the official government data this afternoon shows March Hong Kong retail sales declined at the worst rate in the history of the survey. >>

4 – Line Thailand expansion plans include business
Mobile platform Line Thailand has announced bold plans, targeting business uses. Part of Korea’s Naver internet service company, Line sees Thailand as its second-largest strategic market following Japan. >>

5 -Asian cities dominate world’s top luxury retail destinations
Asian cities are the most appealing destinations for luxury retailers to set up shop. The Destination Retail 2016 report reveals that Asia boasts seven of the top 10 cities with the highest presence of luxury retailers. >>


  By April Wu 
  China Market Strategy

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