Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Lululemon’s third quarter sales performance – measured on a total basis – was solid with total company revenues up by 14 per cent. This was mostly driven by the addition of 52 new stores, with the extra 142,000 sqft of selling space making a good contribution…
Footwear retailer Le Saunda says same store sales in its own stores slipped eight per cent in the third quarter. But the company’s online turnover soared 26.7 per cent reflecting rising popularity of online shopping across Greater China. Total sales declined…
In some positive news for the Chinese economy, it was reported today that retail sales in China rose unexpectedly last month. According to a report released by the National Bureau of Statistics of China, it was reported today that Chinese retail sales rose to…
Chinese e-commerce giant Alibaba Group announced on Friday that it is acquiring Hong Kong’s English language newspaper South China Morning Post (SCMP) and its other media assets. It said the agreement will see Alibaba’s digital expertise being merged with…
Landmark in North Bridge Road to close next year for major renovations to convert it into a new creative hub. His first job as a draftsman was to draw Funan Centre. Mr Mark Yan’s voice lit up when he talked about his pride and joy in being part of the team…
The outlook for real estate in the Asia Pacific region remains largely positive heading into 2016, according to Colliers International’s 2016 Property Outlook. But pockets of weakness are starting to appear, according to the forecasts from Colliers…
Powa Technologies, a British e-commerce tech firm, has formed a “strategic alliance” with China’s biggest payments processor, China UnionPay. The joint venture could generate $5bn (£3.3bn) in revenues over three years, Dan Wagner, Powa’s chairman and chief…
Spain’s Inditex, owner of the Zara chain and the world’s biggest fashion retailer, is optimistic about long-term growth in China despite the slowing economy, as demand for its affordable fashion stays robust. Inditex, whose Zara brand has lured shoppers this…
The new Qianhai Chow Tai Fook mall opened its doors in Shenzhen on Monday – selling Hong Kong sourced goods to mainlanders at prices said to be cheaper than in Hong Kong. Officially named the Qianhai Chow Tai Fook Global Goods Shopping Center, the 19,000 sqm…
Apple has announced that its 28th retail store in China opens Saturday, December 12 at 2:00 p.m. local time. The store will be located in the MixC shopping mall at 136 Minzu Avenue in Nanning’s Qingxiu District. The new store will be open between 10 a.m. and…
Postal Savings Bank of China has raised $7bn from a global group of 10 investors including JPMorgan, an affiliate of Alibaba, and Temasek, valuing the state-owned lender at $41bn ahead of a float that could come as soon as next year. The sale of 17 per cent…
Lenovo is bringing the new Motorola Moto 360 smartwatch to the local market, making it the first time that the Chinese company is launching a Motorola product in Singapore. The second generation Moto 360, which was announced at IFA 2015 in September, is…
The Huawei Mate 8 finally went on sale in China on Dec. 9 after its unveil on Nov. 26 and seems to have sold out at many Chinese retailers on its very first day. The flagship phone will be unveiled to the international market at the Consumer Electronics Show…
The grand opening ceremony of Carrefour supply chain in China-North-West China distribution center is held in Wuqing Economic Development Area, Tianjin municipality. The foundation of the center is expected to become the overpass of Carrefour China’s supply…
Intidex, the parent company of fast fashion chain Zara, has revealed a sales increase of 16% year-on-year to 14.74bn (£10.6bn) over the first nine months of its financial year. Despite a dip in the economy, the Spanish group has said that it remains…
The price of elephant ivory in China has fallen by almost 50 percent over the past 18 months, likely due to a shrunken demand in the country for illegally poached tusks, the Wildlife Conservation Network wrote this week in a blog post. Raw ivory in Beijing…
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