Courts Asia Ltd, a Singapore listed retailer of consumer electronics and household furnishings, is looking to expand its regional reach after establishing a strong foothold in Singapore and Malaysia.
Courts, which only recently opened its first branch in Jakarta, says a move into Indonesia is long overdue. It plans more such stores in the near future as demand for consumer electronics and furnishings rises with the growth of the middle class.
UK fashion retailer Jack Wills has further expanded its presence in Asia by opening two new stores last week – one in Singapore, one in Macau.
The fashion brand made its Singapore debut on 4 November with a grand opening event at the new store in Raffles City Shopping Centre. Later in the week on 7 November, the store in Macau opened its doors in The Venetian Macau with a big "blue-and-pink striped" ribbon cutting ceremony.
ImagineX Group, Asia's leading retail, brand management and distribution company, has inked a long-term deal with Authentic Brands Group, LLC (ABG), the new owner of Juicy Couture, for the expansion of the lifestyle fashion brand in Asia.
"The partnership will provide the momentum to add more Juicy Couture stores throughout Asia; expand the brand's reach with new product lines; and support further regional growth initiatives," ImagineX said on Tuesday.
Burberry recently opened its new flagship store at the Kerry Centre. It is the brand's eighth store to open in Shanghai, following recent openings within L’Avenue, K11 Art Mall and Hongqiao airport in 2013.
After several missteps in its Asian expansion, global retailing giant Wal-Mart is taking a slow and careful approach, with expansion plans primarily aimed only at its three current regional markets, the Asia CEO told CNBC.
EC Harris, the leading global built asset consultancy, has joined forces with inProjects, one of Asia’s foremost project management firms. The addition of inProjects strengthens EC Harris’s presence in Asia and creates the region’s leading programme and project management delivery organisation.
Flight 001, the US-based specialty store for travel products, will expand business in Asia including Thailand to cope with the continued increase in the number of travellers across the region.
Executives were in Bangkok to officially open its first Thai shop at Siam Discovery Centre.
The company is looking to open stores in new markets, develop new product lines and build loyalty for its Flight 001 brand. Japan will be its strategic market in Asia, while Thailand will be its strategic base for the ASEAN market.
Samsonite International SA, the world's biggest luggage maker, on Tuesday posted record net sales of USD983.6 million for the six months ended on 30 June 2013, driven by strong sales in Asia. That's 16.2 percent increase compared with USD846.7m in the same period prior year. Adjusted net income rose 17.6 percent to USD92.9m, after excluding certain tax benefits recognised during the first half of 2012.
The company attributed the strong first half results to "diversification in terms of brands, products and markets".
US clothing retailer Gap Inc. is going to bring a new brand into China by opening the first Old Navy store in Shanghai and launching an e-commerce site in the first half of 2014, the company said on 22 Aug.
The first store will be located in one of the city's busiest shopping and entertainment areas.
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