綠色BN
2014-11-18

Retail News Roundup – Nov 18

The top 5 retail news clips in Asia this week.
Newspaper
1 – Alibaba sets record USD9.3b Singles’ Day sales
Alibaba Group’s Single’s Day sale (also known as 11.11 online shopping festival) set record breaking sales of USD9.3 billion, up from last year’s USD5.8 billion finish. >>

2 – Study: Multi-channel shoppers powering China’s e-commerce boom
Online sales in China are expected to jump from CNY1.84 trillion (USD303.3 billion) to CNY4 trillion (USD652.9 billion) in 2016-2017, powered mainly by urban multi-channel shoppers and the newly emerging middle class. >>

3 – Uniqlo to open first store in Belgium in 2015
Uniqlo said on Tuesday it opening its first store in Belgium in the Autumn of 2015.The store will be located in Antwerp, a world renowned fashion capital with a vibrant cultural scene. The city is also a popular shopping destination for international visitors. >>

4 – Vietnam cafe heads to Middle East
Vietnamese coffee brand Trung Nguyen is to expand into the United Arab Emirates.Trung Nguyen is Vietnam’s largest manufacturer and distributor of packaged coffee under its own and G7 brands and has one of the nation’s largest branded coffee chains.  >>

5 – ‘Perfect storm’ for Asia retail development
Explosive middle class growth and rapid urbanisation is providing a perfect storm for retail development across Asia, according to speakers and a report released at ICSC RECon Asia. >>

  By April Wu 
  China Market Strategy

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