Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Hong Kong listed retailer International Housewares has reported a 52.6 per cent slump in profits in the first half year, despite improved sales in key markets. The company reported a seven per cent same store sales growth in Hong Kong in the six months to…
Last year is yet another in a line of several that proved tough for the luxury retail industry in China. The anti-graft campaign has continued in full force, causing some shoppers to steer clear of flashy, high-cost purchases, while online shopping has driven…
After enjoying a decade of aggressive expansion in China, international luxury brands have begun to curtail their operations as the world’s second-largest economy is beset by a slowdown, a massive government crackdown on graft and a Chinese preference to buy…
The future of Starbucks is in China. The company opened nearly 1,000 new stores in the country over the past year, bringing the total to about 2,500 stores. It’s still opening more than one store per day, and expects to open 5,000 stores by 2021. At the…
UK and Ireland’s department store group House of Fraser opened its first store in China this month. The store, located Xinjiekou Sanpower Plaza (International Financial Centre) in Nanjing, covers a total building area of approximately 28,500 square meters…
UK department store operator Marks and Spencer has opened its first store in Beijing. The new 1500 sqm M&S Beijing store has opened in The Place shopping centre, selling clothing and food. M&S operates 10 stores in Shanghai and the move to Beijing is in line…
The new Muji Shanghai flagship just opened marks the Japanese department store brand’s largest shop in China. Muji says it built the massive store so consumers in China “can experience the Muji lifestyle concept”. The new store is located at 755 Huaihai Rd,…
The internet is no longer a business model but rather an essential piece of infrastructure on which all businesses need to operate, says Alibaba CEO Daniel Zhang. “All businesses are based on the Internet now,” Zhang told the World Internet Conference in…
One in three millennials in Asia are eating at fine dining restaurants at least once a month – more often than those aged over 30. The surprise finding is one of a list of revelations uncovered by a MasterCard survey of Asian dining trends away from home. It…
If you have been paying attention to developments in the e-commerce world, it’s unlikely that you have missed the news about the outcome of Singles’ Day. Chinese e-commerce giant Alibaba recorded US$14.3 billion in sales on Nov. 11, eclipsing the most recent…
Recently, Starbucks Corporation China announced the opening of its first online store in China’s popular ecommerce site, Tmall, which will feature unique and specially designed e-cards, Starbucks cards and coffee vouchers providing an easy gifting option.…
Shares in Europe and Asia fell on Monday in trade thinned by holidays in a number of financial centres, hit by slumping oil prices and concerns over Chinese growth and finances – two of the year’s major factors. Prices of both Brent and U.S. crude fell 1.8…
Samsung’s latest phablet has come as a surprise for some: unlike the other members of the Galaxy A 2016 family, the Galaxy A9 has no such “subtitle” for it is the first of its kind. Sporting a 6-inch Full HD Super AMOLED display and with a metal unibody…
Rakuten, Japan’s largest eCommerce company, is to open an online flagship on Chinese cross-border eCommerce platform JD.com. The Japanese company says it aims to take “the best Japanese products to Chinese consumers”. It launched a beta version of the new…
Hong Kong Customs officials report they have arrested a record number of teenagers for selling counterfeit goods online via social media. According to a report in the South China Morning Post, officials have arrested double the number of teenagers in the…
Market reports on Wednesday claim that Jewelry manufacturing and retail industry are among the worst hit sectors in China due to a slowdown in the country’s economic growth. Shuibei, which was once the mecca for Jewelry retail and production in China, is now…
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