US-based watchmaker Fossil will invest up to INR40 crore (INR400 million, USD6.3m) to open 25 retail outlets in India by 2017 as it aims to reposition itself from a watch brand to a fashion lifestyle brand.
The company, known for its range of watches, will sell non-watch products such as leather bags for women and men, wallets, eye-wear and jewellery through its retail outlets in the country.
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.
Woolworths is taking on Wesfarmers' Bunnings in the heartland of the AUD45 billion (USD37.28b) home improvement market, opening four Masters big-box stores in western Sydney in 2015 at a cost of AUD100 million.
Woolworths' home improvement managing director, Matt Tyson, said on Tuesday the four stores were the first of many planned for Sydney under a new strategy aimed at boosting Masters' presence in metropolitan markets.
Starbucks recently announced plans to double its store count in China to over 3,000 stores by 2019. It said China and the Asia-Pacific region represent enormous immediate, high-value opportunities for the company.
Belinda Wong - president Starbucks China,said China is the fastest growing market for Starbucks. The company has been in China for 16 years with 25,000 partners working in 1,400 stores in 84 cities, with 3 million transactions every week.
Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling.
The online grocers benefit from low overheads, as they store goods in warehouses outside big cities where commercial rents are sky-high. Some like Bigbasket.com can also charge more for certain items than traditional supermarkets, which means even more profits in a country where all food retailers enjoy margins as high as 20 percent on rice and other staples.
Miu Miu continues its expansion in mainland China with two new stores located within Shin Kong Place, the most busy and prestigious shopping destination in the city.
Both stores have been designed by the architect Roberto Baciocchi and are located on the fourth floor of the mall. The first, dedicated to ready-to-wear, covers an area of 180 square metres and the second, home to footwear, extends a little over 100 square metres.
Arvind Ltd, is looking to expand the presence of its ‘The Arvind Store’ to 165, from the existing 142, by the end of this fiscal. The Arvind Store offers mid to premium range shirting and suiting fabrics apart from three of its fast-moving brands — Arrow, US Polo Association and Flying Machine.
Expansion, mostly through the franchise model, will have specific focus on Tier-II, III, IV, V cities and towns.
Dick Smith chief executive Nick Abboud is considering taking his female-friendly Move stores offshore as the retailer eyes growth opportunities beyond its traditional consumer electronics base in Australia.
Launched by Mr Abboud in October last year, weeks before Dick Smith's AUD520 million (USD456.7m) float, Move is now the fastest-growing and most productive part of the retailer's business and is gaining global recognition after being nominated for three retail innovation awards.
Pro-democracy protests put a huge dent on Hong Kong's lucrative luxury space, but US fashion designer Tory Burch remains optimistic and plans to expand in the ex-British colony.
The accessible luxury brand known for its eclectic designs currently has five retail stores in Hong Kong, which saw its largest street demonstrations in September since returning to Chinese rule in 1997. Protesters, mainly students, are against Beijing's decision to screen all nominees running for the city's chief executive role in 2017.
Alibaba Group’s Single’s Day sale (also known as 11.11 online shopping festival) set record breaking sales of USD9.3 billion, up from last year’s USD5.8 billion finish.
“On behalf of our entire ecosystem — from millions of buyers and merchants both here and abroad — we are very happy with the results of this year’s 11.11 shopping festival,” said Jonathan Lu, CEO of Alibaba Group.
“Alibaba is humbled to play a role in making it easy for people to do business anywhere," he added.