Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Lane Crawford has big plans to celebrate the upcoming Lunar New Year — also called the Chinese New Year — which kicks off in early February. According to the Chinese zodiac tradition, this will be the year of the monkey. Lane Crawford has tapped nine artists…
First Step Includes One Walk-In Retail and Three Store-in-Store Location. The company’s strategy is “to bring premium American lifestyle products to shoppers in China while providing China-based makers access to American and international retail markets.”…
Hong Kong International airport (HKIA) is to offer various promotions including cash redemptions of up to HK$5,000 ($640) in celebration of the upcoming Chinese New Year. From February 4 to February 15, travellers spending over HK$2,000, HK$5,000, HK$10,000…
China’s economy slowed in December, capping the weakest quarter of growth since the 2009 global recession, as the Communist leadership grapples with a transition to consumer-led expansion. Industrial production, retail sales and fixed-asset investment all…
As analysts and investors eye prospects for Apple stock, many are drilling down on the company’s sales and earnings prospects in China, its biggest overseas market. On Wednesday, the company’s stock was down as much as 5 percent, a day after the tech giant…
Starbucks’ latest overall figures look impressive- but this first set of results of its new fiscal year show a marked polarisation in performance around the globe. In the Americas, the company’s largest market, sales and profits powered ahead. However, the…
With sales slipping in the industry’s largest market, the annual Watches & Wonders exhibition in Hong Kong may be cut back to every two years. High-end watchmakers are looking at a shift in strategy in Hong Kong in the face of the most severe downturn the…
US industrial giant General Electric will sell its appliances business to China’s Haier Group for USD 5.4 billion, it said today, in one of the largest Chinese acquisitions of an American firm yet. The transaction epitomises the changing nature of the global…
On February 8th, China will celebrate the Year of the Monkey. The monkey is famously a smart, naughty, wily and vigilant animal, and anybody trying to make money in the rest of 2016 will have to learn how to outsmart the animal. A useful barometer of the…
As expected, Oettinger Davidoff AG has acquired the majority interest in Bluebell Cigars (Asia) Ltd – its long-time Asian distributor – in what is a highly significant strategic move. Bluebell is a family-owned company that is one of the largest brand luxury…
Investors world-over fear that China could record another worse-than-expected slowdown this year. Over the past two decades, annual GDP growth in China has averaged around an impressive 10 percent, underpinned mostly by investments, as well as exports. The…
Fast fashion retailer Bossini has warned shareholders its profit for the six months to December 31 will be down by between 80 and 90 per cent. Based on the comparable trading period to December 31, 2014, when Bossini reported a profit of HK$665 million, that…
If Tiffany was hoping for some holiday respite following a year of negative numbers it will be sorely disappointed by its latest results. Indeed, the pace of decline has actually accelerated since the third quarter, which covered the three months up until the…
Netflix has added a record 5.59 million subscribers across the fourth and final quarter of its fiscal year, putting it within touching distance of 75 million subscribers. Such impressive growth is, primarily, the result of a global rollout that has seen…
Toy and baby products retailer Toys R Us has opened its 100th store in China. Ten years after entering the market, the US-based chain has its milestone outlet in the APM Shopping Mall in Wang Fu Jing, Beijing. During the past year, Toys R Us China has opened…
To mark its second anniversary, Chengdu IFS has launched the “All In Here – World Fashion Tour” to introduce the south-west China city’s latest initiative to be part of the global fashion scene – and a direct challenge to Hong Kong’s Harbour City on Canton…
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