Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
It has been a year of losses for fashion group Le Saunda Holdings, which designs, develops, makes and retails women’s and men’s footwear handbags and accessories. Total Le Saunda sales fell by 17.2 per cent for the year ended February 28, reaching RMB1.13…
A disused sugar factory in Zhuhai’s Jinwan District is set to be revitalized into an integrated cultural, tourism and leisure park. Woods Bagot’s master plan both celebrates the proud heritage of Zhuhai’s once prosperous sugar industry, while creating a…
Watchmaker Officine Panerai has opened a boutique in Beijing’s Wangfu Central (WFC) at the Wangfujing shopping area. Spanish designer Patricia Urquiola collaborated with the company on the 56sqm boutique. Her work with the brand dates back to 2011, and she…
GDFS, which describes itself as travel retail’s first membership-based global vertical e-commerce company, has opened its tenth GDFS Experience Store, in Shanghai. It aims to have 30 stores by year end, following openings last year in Ningbo, Zhejiang…
Alibaba Group has bought a minority stake in Ordre, a European online luxury wholesale platform. Ordre, launched in 2015, allows fashion designers to show off their collections via 360-degree photography and virtual reality to interested wholesale buyers. The…
Forevermark, a luxury retail brand of jeweller De Beers Group, has unveiled a flagship store concept, Libert’aime by Forevermark, in Shanghai. At HKRI Taikoo Hui, the store marks the 1000th Forevermark location in China. The Libert’aime concept focuses on 420…
Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash. She is among hundreds of millions of people whom firms such as Softbank Group-backed Grab and China’s…
JD is launching a service in China where online shoppers can have their purchases delivered to anywhere they can park their cars. The Chinese e-commerce giant has launched an ‘in-car delivery service’ in partnership with electric vehicle maker NIO, a similar…
Apparel group SMCP China has opened its 100th physical store on the mainland, the Maje, in Beijing’s Chaoyang Joy City mall. Since its debut in Hong Kong in 2012, the French group has built up a presence in Greater China with stores in 22 cities, including…
Vietnam has become an up and coming property investment destination among Chinese and Hong Kong buyers with real estate prices lower than in other Southeast Asian countries. Demand for properties in Vietnam among Chinese buyers surged 300 percent year-on-year…
Parkson Retail China has been able to parlay a string of modest first-quarter increases into an 181.7 per cent boost in operating profit. Same-store sales for the quarter, to the end of March, grew by 1.7 per cent; total operating revenues rose 2.9 per cent…
Japanese retail tycoon Ryuji Arai can thank a growing flock of Chinese spenders for his swelling fortune. Bic Camera Inc., the Tokyo-based consumer electronics retailer that sells everything from cosmetics to liquor at discounted prices, has become a…
Tiffany & Co Asia-Pacific sales soared 28 per cent in the first three months of this year helping the New York-headquartered jewellery retailer achieve a 53 per cent lift in profit. The company’s worldwide net sales increased 15 per cent to $1 billion, with…
BreadTalk Group has partnered with Shenzhen Pindao Food & Beverage Management to introduce tea beverages to Singapore and Thailand. BreadTalk’s wholly owned subsidiary Together Inc and Shenzhen Pindao have formed a JV, BTG-Pindao Venture. Together Inc will…
Carrefour China has opened its first-ever ‘smart supermarket’ in Shanghai in partnership with Tencent, four months after the parent company of the WeChat app bought a stake in the French retailer. Covering 4000sqm over two levels in Changning district, the…
France’s Givenchy is revamping its retail reach in Asia, with the rollout of a WeChat store in China. Bowing 15 May 2018, the new WeChat boutique store is an extension of Givenchy’s premium offline service, and aims to offer a convenient yet immersive…
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