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  • Xiaomi India becomes nation’s largest single-brand retail network

    Xiaomi India becomes nation’s largest single-brand retail network

    Xiaomi India has been recognized as the largest exclusive brand network in the territory.

    The finding was released in a study by retail and channel solution provider Channelplay, and coincides with the launch of the brand’s 2500th Mi Store in India. Xiaomi India now has Mi Stores in more than 790 cities.

    The results of the study showed that Xiaomi’s retail network is 44-per-cent larger than Samsung; 108-per-cent larger than Domino’s; and 117-per-cent larger than Bata in terms of exclusive brand retail presence.

    “We started our offline journey in India in 2017, and our expansion gained momentum last year,” said Xiaomi India COO Muralikrishnan B. “We have crossed the milestone of 2500 Mi Stores in less than a year across 790+ cities and towns and extremely proud to be bringing the best specs, with the highest quality at an honest price with an exceptional retail experience to our Mi fans in all rural areas.”

    Earlier this year, a Counterpoint Research Market Monitor named mi.com as the top single brand online smartphone channel in India.

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  • Singapore retail sales slip in June

    Singapore retail sales slip in June

    Singapore retail sales – excluding motor vehicles – decreased by 2.7 percent in June, according to Statistics Singapore.

    The headline figure, which includes motor vehicles, was down 8.9 percent, reflecting the high volume of cars sold in June last year and a lower COE quota for May to July this year.

    Month-on-month, Singapore retail sales were down 0.4 percent, excluding vehicles.

    Online accounted for 5.5 percent of the S$3.5 billion in retail spending for June.

    Sales of furniture & household equipment declined 15.1 percent year on year, attributed to higher sales in the sector during last year’s Hari Raya festive season. Similarly, the computer & telecommunications equipment and watches & jewelry sectors reported sales down by 7.7 percent and 4.8 percent respectively, driven in part by lower demand for handphones and jewelry.

    Sales of medical goods & toiletries and of apparel & footwear both grew by 1.4 percent.

    Compared to the same period last year, sales of food & beverage services grew by 5.3 percent in June, estimated at $864 million, compared to $820 million in June last year.

    Sales by fast-food outlets grew by 10.6 percent compared to June last year, due partly to the opening of new outlets by some major fast-food chains. Food caterers, restaurants and other eating places (such as cafes)were up by between 3.2 percent and 5.7 percent during the period.

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