Once-daggy home-brand products are back.
In a bid to win back disaffected shoppers, Australia's biggest supermarket chain, Woolworths, plans to match or beat the prices of major rival Coles and match the range of entry-level products sold by discounter Aldi.
CRC Thai Watsadu Co, operator of Thai Watsadu construction material and hardware stores, has earmarked THB1.5 billion (USD44.9 million) to open five new branches this year.
Sa-angtip Amornchat, vice-president for marketing, said the five new Thai Watsadu stores would be in Greater Bangkok, bringing the total to 45.
Each Thai Watsadu store will be built on 15-25 rai, depending on location, and cost THB300 million.
Tesco Lotus remains committed to Thailand and will continue to invest in expanding its retail and online channels, according to chief executive officer John Christie.
The company will open five large stores and 50 express stores over the coming year, he said.
It also plans to increase investment in programmes to help reduce the prices of fresh food, groceries and household items to help consumers struggling with rising living costs.
Croma, consumer durables and electronics chain of the Tata Group, is looking to open a dozen more stores in India this financial year.
In April, the first month of 2015-16, it launched three stores. Two more are being readied for launch in a month or so. "We have budgeted for around 10 new stores in FY16 but might exceed that, depending on the quality of location and store layout, if we get the right rental. We continue to focus sharply on calibrated growth in our chosen markets," said a spokesperson.
Japanese retailer Fast Retailing may have to inject new capital into UNIQLO Australia to fund the next phase of growth as the casual clothing chain expands into new states and suburban markets, increasing pressure on department stores and specialty retailers.
UNIQLO, which opened its first store in Australia a year ago, wants to become the market leader in casual wear by 2020, overtaking established brands such as Just Jeans, Sussan and General Pants, as part of its parent's goal to become the world's leading clothing company.
A sharply weaker euro is giving European luxury goods makers a headache: as the price gap for their products in Europe and China widens they may have to rebalance prices globally, which could hit earnings, analysts say.
European luxury goods have always been priced 30-40 percent more in mainland China compared to Europe, partly to cope with high import duties and consumption tax, said RBC Capital Markets analyst Rogerio Fujimori in a March 31 note. But due to the falling euro, to maintain margins in China, the price differential is now 60-80 percent.
Chinese B2C e-commerce giant JD.com Inc on Thursday said fashion brand Uniqlo will open a flagship store on its marketplace platform, joining fashion retailers Gap, Levi's, Lacoste, Marks & Spencer and Skechers to reach China's online shoppers.
Bangkok has been ranked eighth among retail target markets in Asia-Pacific, with 19 new entrants opening stores last year, according to a report by property consultancy CB Richard Ellis (CBRE).
James Pitchon, head of research and consulting at CBRE Thailand, said Bangkok was one of the hotspots for retail development in Southeast Asia, with 1 million square metres of new retail space due this year.
Shopping mall developer Aeon Mall Indonesia and real-estate giant Sinar Mas Land, have joined forces to open Indonesia's first Aeon Mall on 30 May, a company executive revealed on Wednesday.
The announcement confirms a report detailing the endeavour in GlobeAsia last October, which also quoted Sinar Mas Land director Ishak Chandra in estimating that the project would cost between USD150 million and USD200 million.
Hong Kong-listed jeweller Luk Fook Holdings said on Wednesday that it opened its first store in Seoul, Korea on 3 March.
The first Lukfook Jewellery retail outlet in Korea is situated in Walkerhill Duty Free in the central area of Seoul. With convenient transportation, high traffic, as well as leisure and entertainment facilities, the hotel is one of the shopping hotspots in Seoul.