Chinese clothing giant Bosideng International Holdings, on Friday said that its subsidiary Talent Shine International Limited (Talent Shine) invested CNY150 million (USD24.4m) in Shenzhen Bangbao Fashion Wear Company Limited, which owns the ladies' wear brand "BUOU BUOU", and acquired its 30 percent interests.
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.
Stella International, the Asian shoemaker that manufactures for companies such as Prada, plans to expand its own brands in Paris, turning into a lower-priced competitor to luxury clients there.
The contract manufacturer plans to add two shops in Paris by the end of this year and expand into other locations in Europe, said Stephen Chi, chief executive of the company's women's footwear and retail business division. The company, which was founded in Taiwan and trades on the Hong Kong stock exchange, already has one Paris store.
Ahead of its 15-year anniversary celebrations in Malaysia, Starbucks Coffee Company has announced plans to open 100 new stores in Malaysia over the next four years.
John Culver, group president, Starbucks China and Asia-Pacific, Channel Development and Emerging Brands, reaffirmed the company’s commitment to building the brand in Malaysia, and across Southeast Asia, during his two-day market visit in Kuala Lumpur recently.
In 2006, Delhi Metro Rail Corporation, or DMRC, started its retail operations and stations like Inderlok, Kashmere Gate, Rajiv Chowk were targeted as retail hubs. Inderlok station has a McDonald's, Big Bazaar, Comesum restaurant and wine and beer shop. At the Big Bazaar outlet, there are very few customers, while the McDonald's looks quite full. At the Akshardham station, which has a Parsvnath mall, hardly any mall space has been rented out. A "Coming Soon" poster of Haldiram's outlet has faded away. The outlet has been "coming soon" since 2010.
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.
According to the 2013 China Consumer Market Development Report released by China’s Commerce Ministry, consumer goods sales will grow 13 percent year-on-year, a figure that’s lower than previous years, but still robust by global standards.
Hong Kong casual wear chain Giordano International closed 163 stores in mainland China in the first quarter of 2013 but the clothing retailer said it will open shops in markets with strong growth potential, such as in South East Asia and Saudi Arabia and new markets like Japan, South Africa and South America.
Giordano said on Tuesday sales for the quarter ended on 31 March 2013 increased by 6 percent to HKD1.51 billion (USD194.5 million) from HKD1.43b in the same period last year. Brand sales and comparable store sales declined 2 percent.
Tesco, the world's third largest retailer, plans to expand its property-owned chain of stores in south China to 15 to 20 within the next five years.
China Daily quoted Tesco Property Limited operation manager Chen Pei as saying the company would continue the policy of purchasing land and build their own properties in China.
Chen said the move aimed to maintain sustainable development in the country amid a fierce retailing industry.
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.