Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Indian e-commerce aggregator BuyMore has partnered with retail consulting firm Hong Kong Circle Tech to assist Chinese retailers seeking to sell their products in India. The deal will see Circle Tech’s Chinese retail clients listed on BuyMore’s 10 e-commerce…
Gome Retail Holdings has posted a loss attributable to shareholders of RMB457 million for the first half of this year as it continued with implementation of its Home – Living strategic restructure. The loss was a contrast to the profit of RMB122 million in…
Emperor Watch & Jewellery cites “strong momentum in luxury consumption” as the reason for a massive profit boost in the first half of this year. Total sales surged 34.3 per cent to HK$2.454 billion (US$312.6 million), as inbound tourism arrivals from the…
Corporate restaurateur Tao Heung is reporting improved sales in both its core Hong Kong market and on the mainland as people dine out more often and the average tab increases. Tao Heung operates 60 restaurants under its own brand, two RingerHut eateries…
L Brands, parent of Victoria’s Secret, Pink, La Senza and Bath & Body Works, has reported a drop in sales and earnings for the second quarter. Teen-focused diffusion-brand Pink, now a US$3 billion business which achieved $12 billion in sales last year, is…
Only two weeks after the official announcement of Anders Colding Friis’ resignation as Pandora’s CEO, the Danish jeweller seems to be on a roll to bring some changes to the company . The company tapped former Nike employee Geena Tok to head its business in…
Alibaba Group revenue soared 61 per cent in the second quarter as the behemoth achieved a record 576 million active annual consumers in its marketplace – 24 million more than three months earlier. Total revenue was RMB80.92 billion (US$12.229 billion), with…
Alibaba Group has signed a deal with Zhoushan Free Trade Zone, in China’s eastern Zhejiang province, that speeds up the cosmetics certification in China for Tmall brands who want to import non special-use cosmetics. This agreement, signed between the…
The United States and China escalated their acrimonious trade war today, implementing punitive 25% tariffs on US$16 billion (RM65.6 billion) worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two…
Bakery franchise BreadTalk Group has brought two Shenzhen-based specialty tea brands – Nayuki and TaiGai – into Singapore. BreadTalk will operate and manage both brands in its joint venture with Shenzhen Pindao Food & Beverage Management. The agreement marks…
Zara sister label Uterque has opened a flagship on Alibaba’s Tmall to build brand awareness in China’s premium fashion market. Uterque has yet to open any physical stores in China, but the company’s parent Inditex says China is definitely on the radar in the…
Cosmetics giant Estee Lauder says it achieved sales growth in every global market last financial year, led by strong double-digit increases in China and Hong Kong. Every single category posted growth as well. Globally, Estee Lauder sales reached $13.68…
As the Chinese economy slowly exits the slumber of recent years — and as the anti-corruption campaign implemented by President Xi Jinping subsides — the retail industry is seeing remarkable growth across first- and second-tier cities, as well as the…
The Retail industry in China has experienced some significant changes over the past few years. New Retail is trending as players in the industry are striving to bring customers an unique omnichannel experience. Shoppers can now buy anything, anywhere,…
US private equity firm Warburg Pincus has signed on to buy a majority stake in Beijing baby products retailer Leyou, according to a report. Warburg’s acquisition – valued at between US$200-400 million, is a brand with a 580-store strong network of…
Iconic jewelry house Tiffany & Co. will release its latest “Tiffany Paper Flowers” collection in China exclusively on the Luxury Pavilion, Tmall’s invite-only platform for luxury brands. New York-based Tiffany will launch a virtual pop-up store on the…
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