綠色BN
2016-10-11

Retail News Roundup – Oct 11

The top 5 retail news clips in Asia this week.
Newspaper
1 – Macy’s plans to launch an e-commerce site in China in 2017
Macy’s Inc. says it will launch a Chinese e-retail site in 2017 in order to increase its digital presence in the world’s largest e-commerce market. The department store chain announced the plan last week in Shanghai. >>

2 – Cath Kidston’s new owners are taking on Asia
The lifestyle brand has attained new ownership after its previous majority stakeholder TA Associates sold its shares to Baring Asia, who have now become the controlling majority stakeholders. >>

3 – Michael Kors banks on strategic plans, rising costs a worry
Michael Kors has been constantly deploying resources to expand its product offerings, open new stores, build shop-in-shops, and upgrade its information system and distribution infrastructure. >>

4 – TravelersBox rolling out in Asia
TravelersBox kiosks are being launched in Asian airports allowing travellers to deposit their leftover foreign coins into their preferred online accounts. >>

5 – Central FamilyMart set to expand
Central FamilyMart plans to double the number of its convenience stores in Thailand from 1116 to more than 2000 within five years. >>


  By April Wu 
  China Market Strategy

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