Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Luxury branded handbag store chain Milan Station Holdings Ltd. saw its revenues plunge by 80.8 per cent year-on-year to HK$15.6 million (US$1.94 million) in Macau for 2015, following its closure of retail stores in the territory, according to its filing with…
Opening on Saturday, the second Dalian Apple Store is disputedly the brand’s largest flagship to date. It is located in the eight-storey Olympia 66 shopping mall in the Xigang district of the Chinese port city. Opened in December, the centre has won several…
US retail chain Ulta Beauty is on a rapid expansion program, buoyed by soaring demand for cosmetics. In the words of US retail publication Chain Store Age, “no [US] retailer has more momentum right now than Ulta Beauty”. In the last financial quarter – to…
China Telecom has reported a sharp increase in its net profit for 2015 thanks to one-off gains from the sale of telecom towers and related assets last year. Profit surged 13.4% year-on-year to 20.05 billion yuan ($3.07 billion) on the back of a one-time gain…
With its rapidly ageing population, China offers the world’s largest “silver market” – and trade shows are seen as the best way for foreign companies to start to tap into these consumers. About one third of the Chinese economy is now “silver”. There are more…
Manchester online lighting distributor, LSE Retail Group , has launched an office in China as it pushes ahead with ambitious growth plans and expands its global supplier network. The company behind brands Value Lights, Iconic Lights and MiniSun has opened the…
The 500 largest e-retailers in China ranked by annual web sales grew their combined online sales by 59.6% in 2015 to $198.30 billion from $124.22 billion a year prior, according to Internet Retailer’s newly published 2016 China 500. Now in its third edition,…
Beijing has reportedly asked Hong Kong officials to present a plan for boosting tourism from mainland China following a 3 percent decline last year amid growing anti-mainland sentiment in the territory. A plan for drawing tourists to Hong Kong could include…
China Shun Ke Long, a supermarket chain store operator in Guangdong province, entered into a cooperation agreement with Hengli Limited, the wholly-owned subsidiary of Foshan Shunde Shente Trading Limited. The Group will sell cross-border goods, general goods…
Official retail sales data from the mainland shows a continuation of slowing growth this year. According to the National Bureau of Statistics (NBS) China retail sales of consumer goods rose 10.2 per cent in January and February combined. That follows growth…
Electronic payments boost household spending on goods and services as well as boost GDP, according to a study commissioned by global payments technology company Visa. Moody’s Analytics investigated the impact of electronic payments on economic growth across…
Chinese sportswear maker 361 Degrees Group published its financial report for 2015 in Hong Kong, stating that its turnover reached CNY4.459 billion in 2015, a year-on-year increase of 14.1%; its gross profit was CNY1.823 billion; its gross margin was 40.9%;…
China Jo-jo Drugstores Inc institutional sentiment decreased to 1 in 2015 Q3. Its down -1.50, from 2.5 in 2015Q2. The ratio is negative, as 5 investment professionals opened new or increased holdings, while 2 trimmed and sold equity positions in China Jo-jo…
Global exporter Li & Fung Ltd’s full-year profit fell 4.6 percent but beat analysts’ estimates, as growth in its logistics and vendor support services business helped overcome headwinds from global retail disruption and macro environment. The Hong Kong-based…
Chinas tourists have taken over the domination of Australian tourists who so far top the list of foreign tourist arrivals in the Indonesian tourist resort Island of Bali. “I have predicted that the number of Chinese tourists visiting Bali will increase after…
Hong Kong’s economy is at its worst in 20 years, billionaire Li Ka-shing said on Thursday, warning that the city’s stock market could fall by more than half if the financial hub does not get backing from mainland China. Li, who held court and joked with…
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