綠色BN
2014-07-01

Retail News Roundup – July 1

The top 5 retail news clips in Asia this week.
Newspaper
1 – Canadian chain Pita Pit to open 50 stores in India
Canadian quick service restaurant chain Pita Pit will open over 50 outlets in India over next five years to expand footprint in the northern and eastern regions to being with. The company, which entered Indian market in November, operates three outlets in the Delhi NCR region through its master franchisee Mentor Hospitality for North & East region. 
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2 – Starbucks to replicate US strategy successes in China
Starbucks has begun to see more widespread success in China by replicating one of their highly proven business models. By opening stores in close proximity to each other – a strategy the brand uses often in American neighborhoods – the company has managed to attract more business than usual.
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3 – Apple confirms six new China stores
Apple has detailed the first phase of its Chinese expansion. The iPhone maker is hiring six managers for new stores in Chinese cities Tianjin, Chongqing, Wuxi, Zhengzhou, Shenyang and Hangzhou. The openings follow the announcement of Angela Ahrendts, Apple’s new retail head, to open 20 new retail stores across China by 2016.
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4 – In Taiwan, tourist influx points up improving ties with China
“The revenue, an estimated $5.3 billion last year, is a boon to Taiwan’s stuttering economy. Taiwanese officials hope that local hospitality will have an influence on the mainland’s somewhat coarser customs, and that the whiffs of democracy perceived by observant tourists will leave a lasting impression.”
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5 – Sony has 3-pronged strategy for China, says report
After announcing the sale of its Vaio PC business and plans to restructure its LCD TV operations, Sony has turned its focus to smartphones and tablets. For the China market, the company has a three-pronged strategy: strengthening the competitiveness of its products and services, developing new product types and expanding its gaming business, according to a Chinese-language Tencent report citing Sony president China Kurita Nobuki.
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 By Chris Hubbard 
   Market Strategy

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