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CommentWire
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Italian e-retailer Yoox has announced plans to launch dedicated online shops for China, in order to tap into a rapidly growing luxury market and to reduce its dependence on Europe. The Chinese market is enticing due to rising affluence and increasing internet penetration. However, China already has several established e-retailers, necessitating a shrewd, competitive approach from Yoox.
Published By Datamonitor
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02 Dec 2010 |
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CommentWire
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Competition in the Chinese personal care retail space is increasing, with Watsons and Mannings both expanding rapidly. The two drugstores offer the right mix of variety, quality, brand image and value for money, but future success will depend on their ability to continue evolving with the ever-changing consumer preferences in this dynamic market.
Published By Datamonitor
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11 Jun 2010 |
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CommentWire
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The US retailer has successfully outbid a host of foreign and domestic rivals - including Tesco, current market leader Carrefour and domestic operator Lianhua - to buy Trust-Mart, which will enable it to more than double its presence in one of the world's fastest growing economies. This landmark deal plays a crucial role in Wal-Mart's revised international strategy.
Published By Datamonitor
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17 Oct 2006 |
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Wal-Mart has announced plans to double its number of outlets in China to tap into a liberalizing market. Despite regulatory relaxation, the chain intends to continue investing in partnership with Chinese players rather than via solo ventures. Yet such an approach appears prudent, enabling Wal-Mart to reassess in the future if its stores prove successful.
Published By Datamonitor
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26 Jul 2005 |
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Wal-Mart's latest deal sees the US retailer taking a 35% interest in Trust Mart, the Chinese discount operator with 101 stores in 34 cities. Longer term, Wal-Mart could take managerial control of the business, in a move that would propel the retailer past rival Carrefour as China's biggest foreign operator of hypermarkets.
Published By Datamonitor
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27 Feb 2007 |
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Expert View
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Tesco has shrugged off concerns that performance at its fledgling Fresh & Easy chain in the US is falling short of expectations. Reporting results for 2007/08, the world's fourth largest retailer expressed confidence in its international growth prospects and offered assurances that it can continue to grow in the UK.
Published By Datamonitor
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15 Apr 2008 |
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Expert View
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Talks are underway between Tesco and India's Bharti Enterprises over a possible grocery chain joint venture in India's GBP145 billion a year retail market. While the move is consistent with Tesco's strategy of entering emerging markets with fragmented competition, many are already questioning the wisdom of a foray into India whilst Tesco also strives to build a presence in the US and China.
Published By Datamonitor
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21 Mar 2006 |
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Expert View
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Competitive pressures are mounting in Tesco's domestic market and with growth in the UK set to become far more subdued, aggressively pursuing growth in its Asian operations is a sensible strategy for the grocer. However, Tesco must ensure that the emerging avenues of growth in the UK are exploited to the same extent as those provided by the exciting opportunities in its key growth region.
Published By Datamonitor
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24 Nov 2010 |
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CommentWire
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Starbucks looks set to take over McDonald's crown as the most omnipresent corporate brand, with the company planning an ambitious growth strategy in 2007. In some instances, this has prompted complaints that the company is being insensitive about where it locates its shops. However, with quarterly results on target, the investment community is more than happy to see the company thrive.
Published By Datamonitor
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02 Feb 2007 |
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CommentWire
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Sports Direct has announced that it has formed a strategic alliance with ITAT in China through which it will sell some of its sports brands via ITAT's larger stores. Although this will cost the company GBP20 million, it does give Sports Direct access to the rapidly expanding Chinese market and promises future high returns.
Published By Datamonitor
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05 Feb 2008 |
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