綠色BN
2015-06-23

Retail News Roundup – Jun 23

The top 5 retail news clips in Asia this week.
Newspaper
1 – Hero to open more stores to boost revenues
Indonesia retail company PT Hero Supermarket (Hero) will spend up to Rp 640 billion (US$48 million) this year for business expansion with retail plans to open stores in several cities across the country. >>

2 – Samsung becomes largest single brand retailer with 2,100 stores
Korean electronics maker Samsung India Electronics said it has become the biggest chain of single brand stores in the country by opening 2,100 stores. >>

3 – Gap narrows for Chinese brands
Chinese brands are closing the gap with international brands as consumers become more concerned about product quality rather than the origin of the brands, according to a latest study. >>

4 – Coach heads to India
US fashion brand Coach is to enter India with exclusive retail stores. >>

5 – Applebee’s Philippines set for debut
The first three Applebee’s Philippines restaurants will open from next month, the first in Bonifacio Global City in Manila. >>


  By April Wu 
  China Market Strategy

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