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Indomaret, Alfamart to offer more services

Source: 
The Jakarta Post

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.

Thailand's Mc Group, DKSH press on with expansion strategies

Source: 
Bangkok Post

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.

Retailing on the frontier

Source: 
Bangkok Post

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.

SM to enter convenience store business with Alfamart

Source: 
philstar.com

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.

Rise of fashion e-commerce in Indonesia

Source: 
Jakarta Globe

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 plans to buy local brands in India

Source: 
The Hindu Business Line

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.

 

Falling rupiah hurts profits at Mitra Adiperkasa

Source: 
Jakarta Globe

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.

China's Fosun Group invests in German retailer Tom Tailor

Source: 
The Wall Street Journal Online

A consortium led by China's Fosun Group is investing in German retailer Tom Tailor Holding AG, bringing another Western brand under the private conglomerate's wing for expansion back at home.

Fosun, Tom Tailor's management and other investors are buying a 23.16 percent stake in the retailer, according to a Tom Tailor news release on Wednesday. The financial value of the sale wasn't disclosed.

The firm plans to bring Tom Tailor to more Chinese consumers, said Fosun President Wang Qunbin in the release.
 

Apple opens new store in China, more expected

Source: 
Shanghai Daily

Apple opened a new store in Chongqing Municipality in southwest China on Saturday, bringing the number of Apple stores in the Chinese mainland to 11.

Another Apple store is expected to be opened on 2 Aug. in Wuxi City in east China's Jiangsu Province, about a one-hour drive from Shanghai. Apple CEO Tim Cook said last year the company will open more than 25 stores in China in the future.

Kate Middleton put this Singapore retailer on the map

Source: 
CNBC

Singapore fashion house Raoul's plans to go global got a royal boost when UK's Kate Middleton donned its ready-to-wear pieces during her visit to Singapore with Prince William in 2012.

The label is available in 25 countries today, including fashion capitals Paris, London and New York. In addition to Western markets, Raoul has been making inroads into the Middle East since last year. Next up, it plans to launch Raoul in Japan and South Korea as well as the retail market every business wants a slice of: China.

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