Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Louis Vuitton Korea has fallen behind its rivals, with sales dipping into minus territory this year, industry data shows. Sales at a leading department store for the international fashion house for the January-October period backtracked 5.3 per cent. Demand…
the frenzied annual celebration of consumption and commerce that is China’s much larger version of Black Friday — began as a protest of sorts against Valentine’s Day, propelled by college students in the 1990s. The event’s date, written numerically as 11/11,…
Sales momentum in Mainland China helped boost growth for French luxury retailer Hermes in its third quarter. Overall sales grew 11 per cent at constant exchange rates, and at the end of September revenues were up 10 per cent to €4 billion (US$4.6 billion).…
French luxury brand Hermès launched its very first WeChat pop-up store, a strategic move signaling the brand’s ambition to step up its digital innovation in China. But it also raises the question of just how aggressive it can be in the digital space. The…
It is that time of the year again. China’s – and the world’s – biggest online shopping event is about to take place on 11 November. Known as Singles’ Day, Alibaba and its founder, Jack Ma, transformed the de facto holiday from an ‘anti-Valentine’s Day’ for…
Alibaba, the Chinese e-commerce giant, said on 11 November 2017 its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Once a celebration for China’s lonely hearts,…
It is always tricky for multinationals to pick a name that sounds right to Chinese ears, but few went as wrong as McDonald’s latest business tweak. When the news broke last week that the American fast-food giant had changed its business name in China,…
Leading French luxury beauty brand LANCÔME Travel Retail Asia Pacific is delighted to announce the launch of a global campaign, ‘Declaring Happiness’, which will be celebrated through a series of brand events across Asia. In line with the global direction to…
Third-quarter sales for apparel retailer Giordano International have been edging ahead in most markets, an exception being South Korea, a 48.5 per cent JV with an independent management team. While e-commerce sales jumped by 17.6 per cent in Mainland China,…
Ford Motor and China’s Anhui Zotye Automobile have agreed to invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles, both companies said on Wednesday. The new joint venture, Zotye Ford Automobile Co. Ltd,…
Mitsubishi Motors Corp said on Tuesday it swung to an operating profit for the second quarter, beating expectations as it rebounded from a mileage-cheating scandal a year earlier helped by cost cuts and favorable exchange rates. Healthy demand in Southeast…
Trumpeting solid growth in China sales in the first half year, Burberry has revealed plans to head more upmarket and cull its store network. Burberry marketing, retailing and communication will be refocused to meet the changing demands of today’s luxury…
China’s commercial conglomerate Suning Holdings Group is partnering with Hon Hai Technology Group in an “extensive retail co-operation” worth at least RMB50 billion (US$8 billion). Suning has also signed an RMB20 billion investment agreement with Evergrande…
US brand Blue Bottle Coffee is expected to open in South Korea soon, followed by other Asian countries including China, Hong Kong and Taiwan. “We’re developing our contact here,” CEO Bryan Meehan said while attending the World Coffee Leaders Forum at the…
China signed an agreement Thursday to buy 300 airplanes from U.S. aerospace giant Boeing valued over $37 billion, as part of a multi-billion dollar raft of deals announced during President Donald Trump’s visit to Beijing. The agreement for China Aviation…
China online spending is set to account for almost 50 per cent of the country’s total retail market this year. According to fresh data from Mintel, this year’s figure will be 45.7 per cent of “total per capita retail spend”. In many categories, already more…
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