綠色BN
2014-09-16

Retail News Roundup – September 16

The top 5 retail news clips in Asia this week.
Newspaper
1 – Chart: Alibaba’s massive dominance of China’s mobile payment market
China’s mobile commerce market is rapidly growing thanks to the fact that Chinese consumers are more open to mobile shopping than those from anywhere else in the world. At the head of the mobile e-commerce game right now is e-commerce behemoth Alibaba’s payment system Alipay, which commanded nearly 80 percent of China’s mobile payment provider market in the second quarter of this year.
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2 – Spykar to expand denim footprint in India
Spykar, an Indian specialist in making fashion jeans is expanding its footprint by adding new stores, products and extending its denim franchise into the FMCG category. It is planning to increase its exclusive stores from the present 206 Spykar stores across major cities and towns to over 400 stores over the next three years.
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3 – Sinopec plans 300 convenience stores with Taiwan’s Ruentex
Sinopec Corp is planning to jointly operate 300 of its convenience stores with Taiwan’s Ruentex Group – a move that is likely to enhance the appeal of its massive fuel retail unit in which it is planning to offload a minority stake.
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4 – Chinese are Tokyo’s biggest spenders
The Chinese are the most generous spenders of visitors to Tokyo, a report has revealed According to the Tokyo metropolitan government, Chinese visitors spent an average of 191,741 yen ($1791) per trip in Tokyo in fiscal 2013.
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5 – Prada opens Japan pop-up
Italian luxury brand Prada has opened a new pop-up store at Center Park, inside the prestigious Isetan Shinjuku department store in Tokyo, Japan. The new pop up store – which will remain open for approximately six months – is dedicated to the women’s ready-to-wear, accessories and footwear collections and also offers a selection of limited edition bags and shoes as well as re-editions of clothes and accessories from Prada’s archives. 
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 By Chris Hubbard 
   Market Strategy

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