綠色BN
2017-01-24

Retail News Roundup – Jan 24

The top 5 retail news clips in Asia this week.
Newspaper
1 – Hugo Boss price slash pays off in China
Affordable luxury brand Hugo Boss said 2016 operating profit would fall less than first predicted, after the German firm smashed out a fourth-quarter sales recovery thanks to increased spending in China. >>

2 – 86 percent of millennials use mobile while shopping in-store
Millennials are increasingly turning to mobile to enhance their in-store experience, with 96 percent of millennials making purchases at stores at which they used their mobile devices to shop. >>

3 – JV aims to boost Muji brand in Philippines
Specialty retailer SSI Group has signed a JV agreement with Japan’s Ryohin Keikaku in a bid to boost the Muji household supplies brand in the Philippines. >>

4 -Nike To Benefit From Opening Stores Within JCPenney Locations
Recently JCPenney announced that it is featuring designated Nike shops within more than 600 of its stores. >>

5 – Wahlburgers announces major expansion to Asia
Wahlburgers announced that it will expand to Asia in 2017 through a joint venture with Cachet Hospitality Group (CHG). The first three restaurants are slated to open in Hangzhou, Wuhan, and Shanghai, China. >>


  By April Wu 
  China Market Strategy

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