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China has unveiled its inaugural five-year scheme centered on consumption, where it anticipates annual retail sales to reach approximately 60 trillion yuan (US$9 trillion) by 2030. This indicates a deceleration in year-on-year growth to roughly 3.7 per cent,…
California’s Vuori, an activewear brand, is reportedly putting China at the forefront of its global expansion strategy. The company’s intention is to expand its global store network more than twofold. China at the Heart of Vuori’s Expansion Plan In a recent…
Starbucks has announced ambitious plans to open up to 100 outlets annually in India, marking an accelerated expansion in one of the company’s most rapidly growing global markets. Sushant Dash, CEO of Tata Starbucks, emphasized the potential for significant…
CRC Sports, a division of Central Retail, has recently acquired a significant 40% stake in JD Sports Thailand. This strategic move is aimed at bolstering the company’s standing in Thailand’s rapidly expanding sports fashion sector. The transaction is…
Swiss investment company, Vontobel, has announced its plan to establish a new office in Düsseldorf in 2026. This new branch will further assert their position in Germany, with a particular focus on high-net-worth individuals (HNWIs) and family offices in…
Mr DIY, the biggest home improvement retail chain in Asia, is setting its sights on further expansion in Thailand, having recently reached the milestone of 1,000 stores in the country. Establishing a Strong Retail Presence Since its debut in Thailand in 2016,…
Last week, EU regulators conducted an unannounced raid on the Dublin-based European headquarters of Temu, an online retailer and subsidiary of China’s e-commerce titan, PDD Holdings. The action arose from concerns regarding potential Chinese state subsidies…
The Swedish fast-fashion behemoth, H&M, is set to broaden its reach in Ho Chi Minh City, a bustling retail hotspot in Vietnam, as a crucial part of its larger growth strategy for Southeast Asia. Expansion Plans for H&M in Vietnam According to local sources,…
L Catterton, an investment firm supported by luxury goods group LVMH, has entered into a strategic partnership with Seki Furniture, a prominent furniture producer and retailer in Japan. Established in Okawa in 1968, Seki Furniture originated as a wholesaling…
Philippine Seven Corp (PSC), the company that operates 7-Eleven stores domestically, has plans to significantly increase the number of outlets across the country by next year. The ambitious goal is to expand their current network to an impressive 5000 branch…
The US retail clothing and footwear industries are contending with increased tariff pressure as the government announced levies on numerous countries, including key Asian textile suppliers such as Vietnam and Indonesia. The tariffs are expected to be between…
Royal International Corporation, which operates a casino in the northern Quang Ninh Province, has set itself a profit target of $500,000 this year after two years of losses. It seeks to double revenues to $10.3 million, $5.8 million from the casino and the…
