Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Nike Inc. posted second-quarter results that showed the footwear and athletic-apparel giant remains largely immune to the shopper malaise that’s plagued much of retail. The world’s largest sporting-goods maker posted profit of 90 cents a share, topping…
Supermarket titan Woolworths considers taking advantage of China’s voracious interest for Australian food and grocery items. Australia’s biggest general store chain has connected with China-based eCargo Holdings to construct and operate a Woolworths…
Nan Hai Corp. is planning a big push in the mainland China market after acquiring a company that manufactures and sells skincare products under the Crabtree & Evelyn brand. The Hong Kong-listed firm has received leasing invitations from several shopping malls…
Deutsche Bank has agreed to sell its 20 percent stake in China’s Hua Xia Bank to insurer PICC Property and Casualty Co for up to 25.7 billion yuan ($4 billion) as it seeks to raise cash and reduce its balance sheet exposure. “As we execute on Deutsche Bank’s…
Alibaba’s B2B business unit, including Alibaba.com and 1688.com, has teamed with trade exhibition organiser UBM Plc to “unite the online and offline trade buying experience” initially in Asia. The two companies have begun exploring opportunities to link the…
Benoy, the global studio of Architects, Masterplanners, Interior and Graphic Designers has revealed its design of the future China Resources Land (CRL) Qianhai Centre Shenzhen. The development will form a core part of the highly publicised Qianhai special…
The Chinese Government has delivered an unexpected Christmas present by agreeing to add another 200 international air routes in 2016. Xinuanet, the Civil Administration of China is committed to the new programme, with China’s official news agency referring…
Chung Chang-mook recently bought a Tunland pickup truck, made by Chinese automaker Foton. At 33 million won ($27,951), the Tunland is more expensive than local competitor Ssangyong’s Korando, which runs between 21 million won and 28 million won. But Chung…
Imports of liquid milk into China are growing with European countries successfully tapping into the market, according to AHDB dairy. China is expected to import 350,000T of liquid milk in 2015, up nearly a tenth from last year and equalling its Whole Milk…
HONG KONG Banks in Hong Kong are intensifying the battle for young customers key to their future retail profit, offering online perks and mobile banking products in a bid to erode the dominance of HSBC in its Asian stronghold. Like peers around the world,…
China’s retail sales, a key gauge of domestic consumption, is likely to post slower growth this year compared with 2014, commerce ministry said. Retail sales may expand around 10.7 per cent in 2015, Shen Danyang, spokesman at the Ministry of Commerce, told a…
The Novotel Zhuhai has been rebranded by AccorHotels as the “Pullman Zhuhai,” in line with the company’s plans to promote its up-market Pullman brand in China, reported Travel Daily on Sunday. The Novotel Zhuhai opened only last December, but AccorHotels has…
SuperGroup, owner of the global lifestyle brand Superdry, has achieved an impressive 22.3 per cent increase in sales for the first half year, to £254.7 million. SuperGroup’s retail arm represented its strongest division, generating 30.8 per cent growth to…
Peru and China have signed an agreement allowing Peruvian products to be sold directly to Chinese consumers online. Peruvian producers will set up stores on Alibaba Group’s Tmall Global via a country shopfront, much like Tmall has created with Germany,…
German Bundesliga football team FC Schalke 04 has taken the next step in its long term process of internationalisation, opening three online stores for fans in Asia. The Royal Blues (as the team is nicknamed) has launched online shops to sell fans club…
Once a sideline part of the wool industry, cardings have now become the unsung hero of the wool market. Cardings are made up of the wool from the bellies and other parts of the sheep that don’t make the fleece lines. Demand for heavy jackets and coats in…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.