綠色BN
2017-05-31

Retail News Roundup – May 31

The top 5 retail news clips in Asia this week.
Newspaper
1 – Customer traffic dropping fast at Korean online shopping malls
Online shopping malls are fast losing customer traffic, industry data showed , compounding their massive business losses last year. >>

2 – Hermès to debut store in second-tier Chinese city to meet surging demand
French luxury house Hermès is set to open a new store in the city of Changsha by summer. The move marks the debut of an Hermès store in a second-tier city in China. >>

3 – Goodbye Gong Cha, hello LiHo
The man who introduced Gong Cha to Singapore is now taking the bold step of removing every single outlet of the popular bubble tea brand to replace it with his own made-in- Singapore creation. >>

4 – Fast fashion is turning into ultrafast fashion – report
New players such as Boohoo.com, Asos and Missguided are bringing products from design to sale in as little as one or two weeks – even quicker than traditional fast-fashion pioneers such as Zara and H&M. >>

5 – Spar China to expand in southeast
Spar China and Yunnan Anning Jinfang Commercial Group have signed a partnership agreement authorising Jinfang to grow the Spar brand in the nation’s southeast. >>


  By April Wu 
  China Market Strategy

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