Asia – Page 23
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NewsEthical Trading Initiative reveals new fire and building safety plans following Bangladesh tragedy
The Ethical Trading Initiative (ETI) has revealed details of a new far-reaching safety plan to improve standards in fashion production in Bangladesh following the Rana Plaza disaster.
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NewsWalmart commits to Bangladesh and embarks on standards drive
Walmart has committed to continued sourcing from Bangladesh and to improve safety standards in the country.
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News
Convenience store group CP to acquire Siam Makro
Convenience store group CP All has signed an agreement to acquire Dutch SHV Makro-owned Siam Makro in Thailand.CP All, controlled by Dhanin’s Charoen Pokphand Group, will pay THB787 (£17.72) a share for 64% of Siam Makro, a total of THB188.88bn (£4.25bn). The acquisition is subject to shareholder approval.CP All is ...
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AnalysisInternational analysis: Flipkart goes head-to-head with Amazon in India
Indian ecommerce group Flipkart has launched its long-awaited Marketplace platform for third-party sellers.
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AnalysisAnalysis: Asian retailers on the rise in pursuit of growth
Homegrown retailers are expanding rapidly in many Asian countries. We highlight 10 companies to watch as they extend their reach.
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OpinionComment: India remains challenging despite relaxation of rules
This week’s Retail Leadership Summit in India showed the playing field remains as level as it ever was between multinationals and Indian retailers, but that the turnstile is open.
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NewsMarks & Spencer missing its Chinese sales targets by up to 30%
Under pressure retailer Marks & Spencer is missing its sales targets in China, which it has identified as a key market for international growth, by as much as 30%.
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AnalysisInternational analysis: Media Markt exits China as ecommerce dominates
Metro’s Media Markt consumer electronics business has said it will pull the plug on its two-year-old venture into China, due to lessons learnt from a “test phase” that ended in December.
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AnalysisAnalysis: Challenges faced by UK retailers in the Chinese market
China remains high on retailers’ expansion agendas but few have cracked the country. Caroline Parry finds out
what strategies are likely to lead to Chinese success. -
News
Fast Retailing report net profit increase
Fast Retailing’s net profit rose 23% in its first quarter.For the September to November period, net profit increased to ¥38.4bn (£268.2m) from ¥31.15bn (£217.5m).Sales rose 17% on last year to ¥318.14bn (£2.22bn) and domestic sales increased 8% to ¥204.7bn (£1.43bn).The retailer’s sales from Uniqlo overseas rose 51.1% to ¥64.5bn (£450.4m) ...
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News
Carrefour's Indonesian franchisee to expand its private-label range
French retailer Carrefour’s Indonesian franchisee, CT Corp, is to expand its private-label range in responseto demand.At present the retailer offers about 3,000 private-label SKUs but needs to increase its offer to meet the 5% to 10%demand increase recorded each year.Private label represents 7.5% of the product portfolio, and 60% of ...
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GalleryStore of the week: ST Dupont, Seoul, South Korea
ST Dupont is a Parisian luxury accessories retailer and you could be forgiven for not having heard of it, as it has managed to maintain a resolutely low profile this side of the Channel.
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News
Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers.At present Decathlon only operates a handful of wholesale operations in India.The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the country. The ...
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AnalysisInternational analysis: Casino hopes to take top spot in Thailand with new stores
French retailer Casino has ambitious plans to triple its number of locations in Thailand by 2016, when it hopes to operate 1,250 stores.
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OpinionComment: Chinese retailers need to raise their UK game
Bosideng, the Chinese retailer with thousands of shops in its home country, opened its first UK store last year.
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GalleryStore of the week: G-Star Raw, Shanghai
Denim brand G-Star Raw has continued its relentless global expansion with the opening of a second store in Shanghai.
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GalleryStore gallery: Shanghai takes store design to the next level
The Chinese city may have many familiar retailers but the stores take things to a new level.
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AnalysisInternational analysis: Exiting Malaysia would be shrewd for Carrefour
The rumour mill is pumping out speculation that Carrefour’s time in Malaysia is coming to an end, with the group to sell its local operations to Japanese giant Aeon for JPY20bn (£155.9m).
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AnalysisAnalysis: Chinese strategy rethink needed as shopper behaviour changes
Retailers in China will need to rethink their strategy in the country as consumer behaviour has started to change rapidly.
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AnalysisInternational news analysis: China’s online retail race brings risk and opportunity
There has been astonishing growth in the Chinese ecommerce sector over the past five years and it still has a promising future.