Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Vipshop, the Chinese online discount retailer, says it boosted sales by as much as 63 per cent in the last quarter. The US-listed company says it expects revenue to be between RMB8.6 billion (US$1.349 billion) and RMB8.7 billion ($1.365 billion). But that is…
October figures for China retail sales show a surprise 11 per cent leap year on year. It seems that while the commentators were talking about how China’s economy was nodding off, consumers were out spending. Total retail sales of consumer goods during the…
Hit with a 15 per cent sales slump since the introduction of GST in Malaysia, embattled department store operator Parkson is set to enter new categories – gourmet food, supermarkets, beauty – and import new fast fashion brands. The company has invested RM100…
Indian B2B eCommerce startup Bizzplus.in has added 32 suppliers from China to its portfolio, giving 50 brands direct access to its Indian business customers. And the company says it aims to become a US$20 billion turnover business within the next three years.…
China will drive more than half the world’s retail growth over the next decade, Walmart Asia CEO Scott Price has told the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Manila. Despite slowing economic growth, the world’s largest retailer still…
China’s number 2 eCommerce player JD.com has axed its consumer to consumer online storePaipai.com in a bid, it says, to cut sales of counterfeit goods. The store will be closed by December 31 and after a transitional period of three months, the company will…
Pitney Bowes Inc. subsidiary Borderfree is expanding its online shopping catalogue for Chinese online customers to serve their penchant for America-based consumer products. The company intends to provide these customers with more options for American brands…
Apple has announced that its fifth retail store in Beijing, and 27th in China, opens Saturday, November 28 at 10 AM local time. The store will be located in the new Chaoyang Joy City shopping mall at 101 Chaoyang North Road in Beijing’s city proper Chaoyang…
Developed using retail technology specialist Red Ant’s award-winning RetailOS mobile commerce accelerator, the apps are:In a first for the UK’s largest independent online fashion and beauty retailer, ASOS has launched mobile apps for iPhone, iPad and Android…
China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55…
Focus on the online sales channel, digital initiatives, and revival of its travel retail channel, will be the key drivers for Estee Lauder‘s (NYSE:EL) growth in the future. While travel retail showed tremendous growth in 2014, the slowdown in China and…
This week, Saatchi & Saatchi China announced it was bringing on 48 hires from a local e-commerce services provider called Bysoft. It’s the latest example of how international agencies are adjusting their offer to cater to China’s e-commerce boom. In China,…
Hugo Boss has recently announced that it is anticipating challenges in the Chinese and US markets, which will have a negative impact on sales next year. While a decline is expected, the brand plans to continue investment in its stores and online platform. The…
The world’s largest branded athletic and casual footwear manufacturer and retailer Yue Yuen Industrial says retail and wholesale sales of sportswear in Greater China rose 19.6 per cent in the first nine months of this year, due to an expanding store network.…
The Hong Kong Trade Development Council has unveiled a revamped HKTDC Design Gallery shop at the Hong Kong Convention and Exhibition Centre. HKTDC executive director Margaret Fong was joined by famous Hong Kong actor Moses Chan and many of the city’s top…
Nasdaq-listed, Chinese fashion retailer Ever-Glory International Group has reported a third quarter plunge in same store sales of 21 per cent. Wholesale sales fell 10.9 per cent with total company revenue down 15.3 per cent to US$118.6 million. Wholesale…
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