Business

Toys"R"Us to open 55 stores in Asia for '13, pins focus on China

Top US toy retailer Toys"R"Us on Wednesday said it plans to open more than 100 stores globally in 2013, including new locations, the relocation and conversion of 14 stores to the Side-by-Side format, and 22 new licensed stores. These new stores are located throughout 21 of the 36 countries and jurisdictions in which Toys"R"Us currently has a presence through its wholly owned and licensed businesses, and represent the net addition of over 900,000 square feet of retail space to the company's store portfolio.

Vietnamese firms eager to invest in retail

Source: 
Viet Nam News

Several domestic firms have seized the opportunity to invest in Vietnam's retail industry, even though the economic crisis is far from over.

Nguyen Manh Duy, managing director of the Ocean Retail and Real Estate Management Company, said that Ocean Group, his parent company, plans to open between 70-80 supermarkets and shopping centres nationwide by 2015.

This would make the retail industry one of the group's core businesses. The company also has two supermarkets that are already in operation, the Ocean Mart in Ha Dong and Ocean Mart Thang Long.
 

GNC opens 1st retail store in China, to add 25 more over next 12 months

GNC Holdings, Inc., the US-based specialty retailer of health and wellness products, on Monday announced that it is expanding its retail presence in China by opening the first stand-alone GNC store in Shanghai. The first stand-alone location opened yesterday in Raffles City, one of Shanghai's prime retail and office space locations.

The move complements GNC's existing marketing footprint in the world's largest consumer market. The company plans on opening an additional 25 locations in China within the next 12 months.

Spurred by Amazon model, online supermarkets push ahead in India

Source: 
Business Standard

Indian online supermarkets seem to be going the Amazon way in expanding their presence. Online start-ups such as LocalBanya.com, BigBasket.com and AaramShop.com are looking to move from their home turf to multiple cities to tap local markets.

The US online giant recently expanded its grocery supplies to California from Seattle in a bid to break open grocery market there. It is expected to spread the business further across the US.

Omni Channel Retailing Conference: China Daily Asia Leadership Roundtable

Source: 
Retail in Asia Managing Editor

During the China Daily Asia Leadership Roundtable, a co-branded session with the Omni Channel Retailing Conference at Retail Asia Expo 2013, a panel of four leading retailers and retail space asset managers shared their views on a variety of issues facing retailers in Asia today.

Mulberry defends price rises as pins hopes on Asia push

Source: 
CNBC

UK luxury fashion group Mulberry defended its plans to move further upmarket, saying it was crucial to expansion plans in Asia, where local shoppers and outbound tourists are still spending heavily on top-end lines.

Mulberry defends price rises as pins hopes on Asia push

Source: 
CNBC

UK luxury fashion group Mulberry defended its plans to move further upmarket, saying it was crucial to expansion plans in Asia, where local shoppers and outbound tourists are still spending heavily on top-end lines.

Thailand's Central signs Watts deal, to open 60 Komonoya stores in 5 years

Source: 
Bangkok Post

Thailand's Central Department Store Co, a unit of Central Retail Corporation (CRC), has officially partnered with Watts Co from Japan by acquiring a 51 percent stake in Thai Watts Co.

Tos Chirativat, CRC's chief executive, said that as the major shareholder in Thai Watts, Central Department Store will co-manage Komonoya, the Japanese chain of 60-baht shops in Thailand, with Watts Co.

Philippines' NBS plans to open 10-15 stores in 2013

Source: 
Manila Bulletin

National Book Store of the Ramos family continues to expand its business on the back of the Philippines' strong economic growth even as it takes steps to list at the Philippine Stock Exchange through Vulcan Industrial & Mining Corporation.

In an interview after the annual stockholders' meeting of Atlas Mining and Development Corporation, Atlas executive vice president Adrian Ramos said they will be opening 10 to 15 stores nationwide this year. NBS had 165 stores as of the end of 2012.

HK's pursuit of luxury defies Western gloom

Source: 
Bangkok Post

Despite the gloom in the West and a slowing expansion of China's economy, free-spending Chinese consumers and wealthy Hong Kong locals craving exclusivity have proven a blessing to retailers looking to buck global woes.

From gadgets decked out in jewels to made-to-order men's shoes and ladies leather handbags or Rolls Royce cars with monogrammed seats, Hong Kong continues to benefit from the influx of newly rich mainland Chinese searching for authentic goods and lower sales taxes.

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