Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Asia “continued to boom” for travel retailer Dufry in the first half of this year. Bali, Cambodia, Indonesia, Macau and South Korea all achieved double-digit sales growth during the half year, with Chinese tourists credited for much of that growth. Australia…
Hong Kong Jeweller Tse Sui Luen (TSL) has moved to target the Chinese middle class, according to a report. TSL has announced plans to open 100 outlets in the Chinese mainland within two years, taking its total number of stores to 487. The firm’s deputy…
Luxury down jacket brand Moncler reported strong double-digit sales growth in the first half of 2018, on the back of solid revenue gains in China and Japan. The Milan, Italy-based brand said consolidated revenues reached 493.5 million euros for the six months…
Yum China sales rose 12 per cent in the quarter to June 30, boosted by more stores and currency gains. But same-store sales declined across both of its brands and margins contracted. The company reported total sales of US$2.1 billion which on a…
China warned the United States today that upping the ante in a tit-for-tat trade war will “only serve to disappoint” the world as Washington threatened to raise the tariff rate on the next US$200 billion (RM814 billion) of Chinese imports. Beijing said it…
South Korean fashion and retail group E-Land is surrendering its Coffee Bean & Tea Leaf China franchise licence. The move is expected to improve the conglomerate’s reportedly strained cash-flow situation and mark a more focused approach to retail. It comes…
C.banner International has dropped its House of Fraser rescue plan, dealing what some observers in the UK are describing as a potentially fatal blow. Hong Kong-listed C.banner, which is the parent of toy retailer Hamleys, had undertaken to invest £150 million…
Starbucks China and Alibaba have announced an alliance that stretches way beyond the latter’s online delivery platform Ele.me. The two companies describe their pact as “a deep, strategic New Retail partnership” that will enable a seamless Starbucks experience…
Hong Kong-based fresh-brewed tea brand Flamingo Bloom has opened four stores in its first year of trading. The health-conscious beverage retailer first set up just last year in Hong Kong’s Central, but has already opened a larger space in Tsim Sha Tsui, a…
Earlier last week, the rumor of Facebook’s comeback to China was spreading fast. Banned since 2009, the technology giant was apparently trying to gain a foothold into the country with the establishment of an innovation hub. The word spread as screenshots of…
Viacom International Media Networks Asia will build a Nickelodeon indoor theme park at the Mall of China in Chongqing. It will be Nickelodeon’s largest indoor park in the world, and its first in Asia when it opens in December 2020. The Mall of China is being…
Starbucks China sales slipped 2 per cent on a same-store basis in the latest quarter, but the company will persevere with its expansion plan. The number of transactions in China and Asia Pacific slipped 3 per cent. “We remain confident in our global growth…
CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CapitaLand Retail China Trust (CRCT), announced today that it registered distributable income of S$25.7 million for the period 1 April to 30 June 2018 (2Q 2018), an increase of 10.0%…
There are 11 Supreme stores in the world: two in New York, one in Los Angeles, one in London, one in Paris, and six around Japan. There are none in China. So what’s the deal with the new “Supreme” store opening in Shenzhen, China that no one knows about? The…
Chinese e-commerce giant Alibaba is preparing to spend big on the country’s food-delivery market, setting aside hundreds of millions of dollars this summer to regain the lead from Tencent-backed rival Meituan Dianping. SEE ALSO : Alibaba Group-owned Ele.me to…
In a matter of days, Alibaba is investing in two separate China-focused digital advertising firms, as the e-commerce giant continues to increase the span of its company portfolio in 2018. Alibaba confirmed that it has agreed to acquire a minority stake in…
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