綠色BN
2014-10-21

Retail News Roundup – Oct 21

The top 5 retail news clips in Asia this week.
Newspaper
1 -Courts Megastore arrives in Indonesia, to open 12 more stores in Greater Jakarta
Courts Asia, the operator of big-box retailer Courts Megastore, expects to book up to USD25 million in sales at its first Courts Megastore in Indonesia over the next year, backing on the country’s expanding middle-class population.
>>

2 – Department Stores Fight Back From Online Challenge
Global sector set to rise 22% to $450b by 2019, as investment pays off in store revamps and e-commerce; Asian, Middle East investors pounce on Western chains. >>

3 – Metro to integrate online-offline businesses at Pudong concept store
Metro Cash & Carry China said on Wednesday it will set up logistic facilities in its first new concept store in Shanghai’s Pudong New Area to better incorporate online and offline businesses. >>

4 – Bestseller to boost India network
Danish fashion retailer Bestseller is reportedly planning to invest US$30 million in developing single brand retail stores for two of its brands.Bestseller will open exclusive Vero Moda and Only womenswear stores, according to a report in VCCircle.  >>

5 – Shenzhen underperforms; Shanghai soars
Shenzhen is the only one of China’s so-called ‘top tier cities’ to underperform in the latest rankings of retail property investment in 17 major cities across China. >>

  By April Wu 
  China Market Strategy

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