Woolworths chief Grant O'Brien will turn his attention to the problem children of the retail empire, its loss-making Masters hardware joint venture and limping Big W chain, as he awaits a bounce in confidence that will prod consumers to open their wallets again and fill their shopping baskets.
Macy's has apparently set its sights on China in its ongoing efforts at international expansion.
Terry J. Lundgren, Macy's chairman and chief executive officer, has been eyeing China for a while, planning on either opening a Macy's department store or a series of specialty stores featuring popular in-house brands like Alfani, American Rag, Material Girl, Charter Club, and INC.
Gap has partnered with Arvind Lifestyle Brand Limited, a subsidiary of Arvind Limited, which is one of India’s largest textile companies, to expand its presence in India through franchise-operated Gap brand stores in 2015.
The first stores are expected to open in India’s two largest cities – Mumbai and Delhi – starting with Gap’s Summer 2015 collection for adults, kids and babies. The plan is to open about 40 franchise-operated Gap stores in India.
Indonesian minimarket operators PT Indomarco Prismatama and publicly listed PT Sumber Alfaria Trijaya (AMRT) are starting to offer more services to customers in response to growing competition from foreign players.
Indomarco, which runs the country's largest minimarket chain, Indomaret, is aiming to partner with a local travel agency to provide customers with ticket and hotel reservation services. The plan was made after the firm recently launched an express courier service across its Indomaret outlets in collaboration with local cargo service provider, the RPX Group.
Two jeans distributors in Thailand, Mc Group and DKSH (Thailand), will continue their business plans as usual for the rest of the year even though they faced slow sales growth in the first half.
Mc Group, the maker and distributor of Mc jeans, and DKSH (Thailand), the distributor of Levi's jeans, plan to open more shops in new locations to reach more consumers in the last five months.
In Southeast Asian countries where poverty is easing but the middle class has yet to achieve critical mass, businesses involved in modern retailing find they still need to win many people over from traditional ways of living and shopping.
One company that has been undertaking this challenging yet rewarding task is Malaysia-based Parkson, which operates the department stores of the same name across the region. Parkson usually aims to be the first mover in a market and in doing so it has ventured into emerging markets such as Vietnam and Myanmar, with Cambodia next on its list.
Philippine mall, banking and retail conglomerate SM Investments Corp. (SMIC) has started its foray into the local convenience store segment, a sector with heating competition given the rapid expansion of top companies and global brands.
The listed holding firm is putting up as much as four new Alfamart stores in the southern part of Metro Manila this year on top of the existing three branches as part of efforts to test the market, a top executive said on Thursday.
Taking note of sartorial leaders in the United States and Europe, the Indonesian fashion industry is starting to realise the opportunities of e-commerce in high-end design and ready-to-wear retail.
Though the new shopping territory is still largely uncharted in Indonesia, a few product pioneers are already testing out the internet market. Their customer base, however, is still several steps behind. Shopping online, from the comfort of home, is not yet seen as an upgrade – or even as an alternative – to shopping in a store.
Samsonite is scouting for acquisition of local brands to strengthen its position in the Indian market. The company is also targeting up to 30 per cent sales growth at Rs. 800 crore (USD130.6 million) in this calendar year.
“We are open to acquiring local brands. We are looking for opportunities. Earlier, we only looked for brands which can be launched globally but now we are also looking at local brands (to acquire),” Samsonite South Asia Pvt Ltd Chief Executive Officer Suresh Menon told PTI.
Mitra Adiperkasa, Indonesia's largest high-end fashion and lifestyle retailer, reported lower profit in the first half of this year due to a weaker rupiah and rising costs.
Net income at Mitra Adiperkasa, or MAP, which also has the franchising rights for Starbucks Coffee, fell 31 percent to IDR100.4 billion (USD8.7 million) from January to June this year compared with the same period a year ago. Revenue increased by 25 percent to IDR5.5 trillion, the company said in a statement on Thursday.