綠色BN
2016-01-05

Retail News Roundup – Jan 5

The top 5 retail news clips in Asia this week.
Newspaper
1 – Guardian allocates RM20 million for rebranding, expansion next year
Pharmacy, health and beauty store chain, Guardian Malaysia is allocating RM20 million for its rebranding and business expansion next year. >>

2 – Korean retailers suffer from warm winter
The unusually warm weather has hurt Korean retailers sales of everything from winter coats to snow boots, while boosting sales of outdoor sportswear and camping gear. In contrast, outdoor sportswear and gear enjoyed unusually high popularity. >>

3 – The battle has just begun: Amazon vs. stores
As the swell of holiday shopping subsides, online retail appears to have gained momentum this year. But traditional retailers and e-tailers alike face challenges to dominate in 2016, including weather, prices and profitability. >>

4 – Ailing McDonald’s Japan accelerates outlet closures, looks to have 190 shuttered before February
McDonald’s Holdings Co. (Japan) is accelerating the closures of outlets to cope with its deteriorating earnings traced to its loss of customer trust. >>

5 – Online-only fashion brand Teesort eyes overseas foray
Homegrown online-only menswear fashion brand Teesort.com is planning an overseas foray through multiple channels. While the Delhi-based company is in talks with Amazon for overseas launch in the US and the UK markets, it is also talking to potential local partners in West Asia for a launch in the region. >>


  By April Wu 
  China Market Strategy

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