綠色BN
2016-07-19

Retail News Roundup – Jul 19

The top 5 retail news clips in Asia this week.
Newspaper
1 – Valentino heading into India
Italian fashion house Valentino is about to enter India, joining a growing list of luxury brands changing their focus to a buoyant retail scene far from the slowing Chinese economy. >>

2 – Big boost in customer engagement via social media
Social media has evolved from its original purpose of simple networking to now being heavily used by brands and businesses for customer engagement and to further their business agenda, according to the latest GFK report. >>

3 – Asos sales soar – everywhere
Far from a potential barometer of consumer uncertainty, the latest Asos sales results indicate a proposition which is exceptionally well placed to meet the demands of a challenging retail landscape. >>

4 – Study: China’s luxury travelers value experience over shopping
When wealthy Chinese travelers head abroad, they’re prioritizing experiential luxury such as dining and seeking out unique cultural activities, but shopping still fits in big to their travel plans. >>

5 – Yum China divestment on track
The US fast food giant released the target date along with second quarter figures showing solid sales growth across most Asian markets, especially within the KFC division. >>


  By April Wu 
  China Market Strategy
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