Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Asian stocks followed their US counterparts lower after President Donald Trump’s decision to slap tariffs on China heightened concern a trade war could hurt global growth. The yen climbed to its strongest in more than a year. Equity indexes from Tokyo to…
There is sad synchronicity in the timing of the death of Toys R Us founder Charles Lazarus, which comes as the retailer is preparing to shut up shop. News of the passing of Lazarus, 94, was tweeted by Toys R Us overnight. He founded the company in 1957 after…
Cosmo Lady has formed a joint venture with Shanghai Kappa to develop and sell intimate apparel in China. The partnership – 75 per cent owned by Cosmo Lady and 25 per cent by Shanghai Kappa – will focus on men’s underwear and women’s sports underwear products.…
President Donald Trump is poised to unveil sanctions against China today for the “theft” of US intellectual property, fuelling fears of a trade war as Beijing vowed to retaliate. White House spokesman Raj Shah said that Trump will announce actions following…
H&M China launched on Chinese e-commerce platform Tmall, complementing the Swedish clothing retailer’s 400-plus physical stores and HM.com Shop Online. “We are very happy to extend our collaboration with Alibaba by launching H&M and H&M Home on Tmall,” says…
Hermes Asia sales grew 11.3 per cent last year to €1.946 billion (US$2.4 billion) as the luxury retailer set a new record for gross retail margin. The company said the retail market was improving in Hong Kong and Macau, with the Asian market “pursuing its…
The Children’s Place is the latest fashion retailer to look to the Far East for new growth opportunities. The Secaucus, N.J.-based firm, which operates 1,014 stores in the U.S., Canada and Puerto Rico, announced today that it has signed an exclusive licensing…
Stocks in China and Hong Kong fell early on Tuesday, tracking losses on Wall Street, where concerns over increased regulation of large technology companies led to shares of Facebook plunging overnight. ** Facebook shares tumbled 6.8 percent as Chief Executive…
With Chinese consumers now making up almost a third of all luxury purchases globally, premium brands are having to turn their minds to China-specific engagement strategies. “The vast social influence of the Middle Kingdom has shifted the ‘Made in China’…
Retail giants like Walmart, Target and Best Buy and their powerful lobbying groups on Monday urged the Trump administration to hold off new tariffs aimed at punishing China for its intellectual property practices, saying that such an aggressive step will only…
Lotte China plans to wrap up the sales of its hypermarket chain in China within the next three months. Potential buyers have started to inspect the South Korean retail giant’s stores. While many have reviewed documents, Chinese retailer Liqun Group was the…
Buccellati Macau has opened a store at the new MGM Cotai Mall as a step forward in its global expansion. This follows the acquisition of 85 per cent shareholding of the Italian jewellery brand by China’s Gansu Gangtai Holding last year, and the opening of…
Tiffany & Co worldwide has finished its latest year with solid sales growth, both geographically and across product categories, says CEO Alessandro Bogliolo. Strong sales growth in Mainland China was offset by lower sales in most other countries. “We are…
Swiss travel retail operator Dufry says its sales in its Asia-Australia-Middle East division rose 5.4 per cent last year with most markets contributing to the improvement. Turnover was CHF809.1 million (US$849 million) last year, up from CHF770.7 million the…
Worldpay, Inc. the global leader in payments, and Lianlian Pay, one of the top mobile payment service providers in China, are partnering to expand Worldpay’s settlement and pay out capabilities to include Chinese Yuan (CNY). Lianlian Pay provides an efficient…
Sunshine Insurance Finance Plaza provides a soaring new addition to Sanya Bay’s rising skyline. Located at the southern tip of China’s Hainan Island, the mixed-use development features a 37-storey tower rising above a tiered retail podium and lush gardens.…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.