Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Booming sales by Nike China helped the sportswear giant record a 10 per cent rise in global revenues in the first quarter. Footwear sales in greater China soared 26 per cent, apparel sales by 23 per cent and equipment sales by 8 per cent. Combined sales…
Australian activewear retailer Lorna Jane is expanding into greater China as more than 10 potential investors are seeking a majority shareholding. Around 30 per cent of Lorna Jane’s more than $200 million in annual revenues comes from its online platforms in…
An SK-II smart store has opened in Shanghai, an enhanced version of the global beauty brand’s technology-packed showcase which opened in Tokyo in May. The SK-II Future X Smart Store features facial recognition, computer vision, and AI technology augmented by…
Chinese e-commerce giant Alibaba Group has invested for a second time in fashion rental platform YCloset, injecting an undisclosed sum. The Beijing-based YCloset is set to use to funds plans to expand its current team, upgrade the recommended algorithm system…
French handbag label Longchamp sees the China and US markets as key in boosting its global sales. Facing sluggish traditional European markets, the company is looking to celebrity endorsements and online opportunities to drive growth, according to CEO Jean…
British jeweller House of Garrard is set to launch in Beijing. The new 100sqm outlet opens this month in a prestigious location in centrally positioned landmark Emperor Group Centre skyscraper on Chang’An Street. It is the brand’s second boutique in China,…
Hong Kong-listed Spring REIT has agreed to buy the Huamao Place shopping centre, located in Huizhou, Guangdong Province. Spring will pay RMB1.65 billion (US$241 million) for the mall, a seven-storey property, part of the larger integrated development by…
JD is expanding its 7Fresh grocery store chain across Mainland China. The e-commerce and tech company has signed agreements with 16 real estate companies including China Poly Group, Joy City, Vanke, Yuexiu Property and Greenland Holdings to expand the…
Vietnam could suffer collateral damage if Chinese businesses use made-in-Vietnam labels to avoid U.S. tariffs, experts warn. Economist Vu Dinh Anh said it is “highly possible” that Chinese businesses would seek to export their goods through Vietnam to the…
International health and beauty retailer AS Watson has initiated a global VIP loyalty program. The group has announced the program to enhance its connectivity with customers, planning to extend it to all of its 130 million loyalty members in 24 markets by…
A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of US President Donald Trump’s tariffs on Chinese imports. Companies…
Listed Hong Kong watch & jewellery group Citychamp has bought a majority stake in Ernest Borel Holdings. The transaction, which saw Citychamp taking a 58.22 per cent shareholding in the heritage Swiss watch manufacturing brand, was completed on Tuesday.…
Foreign exchange losses hobbled the recovery of Hong Kong-headquartered fast-fashion label Bossini. In full-year results just released, Bossini reported a 3 per cent decline in total revenue to HK$1.958 billion (US$249.6 million), largely due to a decrease in…
As US is imposing new tariffs on US$200 billion (RM828 billion) worth of Chinese goods, local exporters are expected to see some increase in orders from the affected players in the two big economies over the next few months. It is understood that the US…
Indonesian ride-hailing firm Go-Jek on Wednesday launched its services in Vietnam’s capital of Hanoi under the brand Go-Viet. The move is part of Go-Jek’s $500-million international expansion. The app-based on-demand service Go-Viet, driven by a Vietnamese…
JD Sports saw profits increase more than 17 per cent to £95.4 million (US$124.1 million) in the six months to August 4, from £81.1 million in the previous corresponding period. The sporting retailer saw gross revenue jump 35 per cent to £1.84 billion, from…
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