綠色BN
2016-02-02

Retail News Roundup – Feb 2

The top 5 retail news clips in Asia this week.
Newspaper
1 – H&M eyes expansion as profits rise
H&M said it planned more than 400 new stores for the coming financial year, mostly in markets where the group is already present. >>

2 – McDonald’s plans expansion in more lower-tier cities in China
McDonald’s China says it eyes to open 250 new stores in the country this year and it will focus its expansion in lower tier cities and consumers’ digital experience as the fast food chain recovers from the OSI China supplier issue in 2014. >>

3 – Singapore-Based Courts Retail opens second megastore in Indonesia
Indonesia is currently the driver of Courts’ growth. Since we first entered Indonesia in 2014, we now operate two megastores and three regular outlets. We aim to open twelve more outlets by 2018. This is our commitment in catering to the demands of Indonesians. >>

4 – Harley-Davidson Hong Kong opens new flagship
Harley-Davidson Hong Kong has unveiled a new showroom in Chai Wan as part of its expansion plan in the city. >>

5 – O2O commerce is generating real money in China
Online-to-offline GMV grew 38 per cent last year to RMB 335 billion (US$51 billion) as Chinese consumers became increasingly enthusiastic about using their smartphones to book and pay for taxi rides, food delivery, movie tickets and other local services, iResearch said in a new paper, 2015 China E-commerce & O2O Summary Report. >>


  By April Wu 
  China Market Strategy

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