Company Location

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.

Italian footwear brand Geox walks into India

Source: 
The Hindu Business Line

Premium Italian footwear brand Geox has entered into a retail and distribution arrangement with Delhi-based G&B Footcorp to set up its mono brand stores.

The company has chosen the distribution route rather than the foreign direct investment (FDI) mode to test water there. While footwear brand Clarks has a joint venture with Future Group, another footwear brand Pavers was the first to apply for a 100 percent FDI for single brand retailing.

India's Shopper's Stop to add 20 stores across its brands this year

Source: 
Business Standard

Mumbai-based Shopper's Stop Ltd, a premier department store chain promoted by the K Raheja Corp Group, is planning to invest INR125 crore (INR1.25 billion, USD22.9 million) this year, to expand its various brands of retail stores. The company is planning to add around 20 stores across its brands during the period, said a senior executive from the company.

Japan's Toyoshima buys 5pc stake in Trisula; both plan expansion in Indonesia

Source: 
Jakarta Globe

Tokyo-based fashion retailer Toyoshima has purchased a 5 percent stake in Trisula International, an Indonesian textile producer and clothing retailer, as the Japanese company aims to increase its Indonesian imports.

Trisula is also an operator of 230 fashion stores that sell brands like Jack Nicklaus, G2000 and JOBB. Lisa Tjahjadi, president director of Trisula, said that the company will spend up to IDR8 billion (USD821,777) to open 40 new stores this year.

Asian brands shifting focus to Indonesia

Source: 
The Jakarta Post

Indonesia is becoming a preferential place for glossy Asian fashion and lifestyle brands seeking to showcase their merchandise.

Within a month, two large Japanese retailers, Fast Retailing Co. Ltd., the brand owner of UNIQLO, and AEON MALL Co. Ltd., have established their presence by setting up flagship stores there.

Two other big department stores from Indonesia's immediate neighbours, Parkson Retail Asia, headquartered in Malaysia, and Thailand-based Central Retail Corporation (CRC), are already looking to open their first stores there next year.
 

Philippine supermarket chain Puregold steps up expansion

Source: 
philstar.com

Supermarket chain Puregold Price Club Inc. has beefed up anew its portfolio as it acquires Mega Manila-based chains Eunilaine and Grocer E.

The 15 newly-acquired supermarket branches in strategic areas will be rebranded into Puregold groceries, a company official said.

In a disclosure to the stock exchange, Puregold said it acquired 100 percent of the four operating Eunilaine foodmarts and 11 operating Grocer E supermarts from Company E Corp. The purchase cost was not disclosed.

 

Italy's Peuterey to have 30 stores in China in 5 years

Source: 
red luxury

 Italian outerwear brand Peuterey Group SpA owns stores in Milan, Rome, Cortina, Berlin, and Antwerp. Their next stop is Shanghai. A store for men's and women's collections and a second exclusively for children's will open at Takashimaya in Shanghai this week. As part of this venture, Peuterey has also opened an office in Beijing with a subsidiary in Shanghai to manage business in Asia.

India's Maxwell to open 100 Inners stores in next 3 years

Source: 
Business Standard

Mumbai-based Maxwell Industries Ltd., that manufactures men's and women's inner wear and lingerie, is set to foray in Gujarat with its exclusive retail store "Inners" soon. The company, known for its flagship brand "VIP", will set up its exclusive inner wear store in Ahmedabad within next 3-4 months.

Amazon's value surpasses Wal-Mart after surprise 2Q profit

Source: 
CNBC

Amazon shares surged almost 10 percent on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue.

The sharp increase in shares brought Amazon's market value to USD247.77 billion, more than its biggest rival, Wal-Mart Stores Inc., signalling a sea change in retailing. Amazon, which just turned 20, is now valued higher than the world's largest retailer.

Convenience-store wave keeps rolling in Asia-Pacific

Source: 
Bangkok Post

Visit any major Asian city and you can't walk more than a couple of hundred metres without seeing a modern, branded convenience store. These outlets, with their increasingly innovative product offerings aimed at time-short city dwellers, are growing at a pace that exceeds that of the retail industry as a whole.

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