Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Hermes sales rose 8 per cent last year for French high-fashion goods manufacturer Hermes International. In what it describes as a “difficult context”, the group’s consolidated revenue reached €5202 million (US$5.5 billion). Sales growth was sustained in the…
Chinese consumers are increasingly craving premium-tier products to underscore their success, says Nielsen China. The market research company defines premium-tier products as items that cost at least 20 per cent more than the average price for the category.…
Chinese smartphone maker Xiaomi has pinned its hopes on offline sales with a plan to open 1,000 brick-and-mortar stores over the next three years, targeting 10 billion yuan in revenue from this channel, its founder and chief executive Lei Jun said on…
German automaker BMW Group announced on Friday that its sales in China achieved double-digit growth in January, hitting a new record. A total of 51,345 units of the premium brands BMW and Mini have been delivered to Chinese customers, representing a…
The farm is located in Naxineua village, Naxaithong district. It keeps a variety of animals, including goats, pigs, ducks, chicken, and fish, but its mainstay is ists herd of dairy cows. Farm Director Sengmany Yathotou told last week that they began in 2014…
Starbucks has extended its social gifting promotions into China, where it has launched a major expansion program to double its stores within the next five years. The coffee giant’s new “Say It With Starbucks” program, created by Starbucks and Weixin, China’s…
Chinese outbound travel tilted in favour of destinations in Japan and Thailand in the 12 months to October 2016, according to CiR Business Lounge – creating more sales opportunities for duty-free and travel retailers in key airport locations in these markets.…
After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi Corp. is turning to old-fashioned retail to arrest its slide. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner…
The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group of Companies has established its first retail partnership in Asia for its generic polished diamond grading services. The partnership with Soo Kee Group in Singapore…
Seven & I Holdings, parent company of Ito Yokado, will accelerate store expansion in the Chinese mainland market and plans to have 20 stores by 2020, tripling their current number in China. Ito Yokado entered the Chinese mainland market in 1997, with its…
General Manager of national carrier PT Garuda Indonesia of Mataram branch Mochammad Yansuerio said that in the near future, Garuda Indonesia would open a direct flight serving Lombok–Guang Zhou, China. “Lombok and Sumbawa are getting more popular both at the…
With more tourists from the mainland, cosmetic retailer Sa Sa International Holdings saw a 3.5 per cent upswing in sales in Hong Kong and Macau during the Lunar New Year (January 28 to February 3). It says there were 10.7 per cent more transactions by…
China offers “enormous room for growth” for foreign F&B brands, according to a new whitepaper from JLL China and retail data specialist LocalGravity. The Foreign F&B Expansion in China report explores the trends behind foreign F&B operators expanding in China…
American retail giant Wal-Mart Stores has further increased its stake in China’s second-largest eCommerce firm JD.com. It now has a 12.1 per cent shareholding, up from 10.8 per cent, and comes about three months after the Arkansas-based retailer disclosed it…
With a population of roughly 1.3 billion people, China offers unprecedented growth opportunities for retailers looking to conduct business internationally. China’s National Bureau of Statistics reported last month that online retail sales in China grew 26.2%…
Chinese consumers are buying more luxury items at home, but it may not be enough to save struggling department stores – particularly those that don’t boast a restaurant, cinema or ice rink. Offline shops may benefit from a recovery in domestic luxury…
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