Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
The Alibaba Group has announced that will acquire the South China Morning Post, one of Hong Kong’s most influential English language newspapers, and other media assets of SCMP Group Limited. The move is reportedly part of an effort to improve China’s image in…
Retail sales rise 11.2% y/y in November vs 11.1% expected Chinese retail sales were slightly stronger than estimates as auto sales picked up. Vehicle sales climbed 9% y/y in November compared to 7.1% in October. A strong automotive sector also boosted…
Hong Kong luxury fashion retailer Moiselle has revealed a raft of innovative strategies to restore flagging sales. Hit by a $31.9 million loss for the first half of the trading year due to declining spending by Mainland Chinese tourists, Moiselle is…
Modern Beauty Salon Holdings has reported an 87.4 per cent plunge in first half profits as consumers restrain their discretionary spending. Modern Beauty runs 42 service centres in Mainland China, Hong Kong and Taiwan, 16 in Singapore and three in Malaysia.…
Italian shoemaker Geox has signed a distribution agreement with Hong Kong listed Pou Sheng International to set up 350 stores in Mainland China by 2020. The two companies will target China’s rising middle class – 109 million newly affluent, quality-conscious…
AccorHotels, a leading international hotel operator, is further strengthening its presence in northern China with the announcement of the signing of three hotels in Beijing with Luneng Group. The three projects, two of them new build hotels, are expected to…
Eyewear chain Optical 88 has suffered a 10.5 per cent slump in sales in the first half, with profit down 53.2 per cent. According to the trading announcement of its parent company Stelux International, sales reached HK$579.1 million and EBIT $18.0 million.…
Taiwanese bookstore operator Eslite Corporation has opened its first shop in Mainland China. The Eslite China store has opened in Suzhou in a high profile event featuring some of China’s most famous writers and artists, including Lin Hwai-min. Eslite has…
At last: some “relative improvement” in retail sales data to encourage embattled retailers. Hong Kong retail sales in October fell three per cent year on year, provisionally estimated at $37.2 billion. A government spokesman said retail sales showed “some…
Chinese down apparel brand Bosideng has seen sales revenue slump 10 per cent – and profit nearly halved in the first half year. Down apparel sales, which account for almost half the group’s turnover, fell 14.6 per cent. While Bosideng blamed its poor…
While its peers suffer from Hong Kong’s lacklustre market, one retailer has achieved a stunning sales boost. Veeko International operates 82 Colourmix and one Morimor cosmetics stores and 155 fashion stores in Hong Kong, Macau, Taiwan, Singapore and Mainland…
Investors understand that General Motors generates the majority of its profit right here in the United States. However, GM sells more cars in China than in any other market, and it was worrisome for investors when new-vehicle sales slowed in China over the…
Carrefour SA, a French retailer, as of late opened its biggest store in Asia in the Chinese capital, Beijing. The divulging comes as the firm plans to capitalize on the expanding interest for imported sustenance from medium-and top of the line customers. The…
In the heart of Guangzhou’s Yuexiu district, the shopping centre La Perle is a symbol of luxury living in the southern mainland city. The high-end shopping mall, which opened in January 2004, has long been the first stop for many international brands seeking…
Didi Kuaidi has appointed Yahoo co-founder Jerry Yang as a senior adviser to the ride-hailing app firm as it battles Uber Technologies for market share in China. Mr Yang, an independent director of Alibaba Group which backs Didi Kuaidi, will also be an…
Hong Kong headquartered watch retailer City Chain plans to close more stores as sales slid 12.1 per cent and profits crashed by 86.4 per cent in the first half year to just HK$15.7 million. Parent Stelux says turnover was “sluggish” in Hong Kong, Macau and…
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