Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Global coffee giant Starbucks has finished its financial year on a high, reporting a 17 per cent increase in annual revenue to a record US$19.2 billion. But is the Starbucks Asia Pacific business underperforming? Neil Saunders, CEO of Conlumino, believes so.…
Alibaba says new relationships sealed with Dutch organisations in recent days will help continue to lay the groundwork for European expansion of its eCommerce businesses. Alibaba Group says it has established several partnerships and collaboration agreements…
“Genuine revolutions in food retailing are rare, but we’re living through one now.” That’s the view of Joanne Denney-Finch, CEO of the food and grocery researcher IGD, speaking who addressed last week’s Asia Pacific Retailers Convention and Exhibition (APRCE)…
FedEx Asia Pacific is predicting a record breaking Singles Day in Asia this November 11. “Due to the huge popularity of the occasion in recent years, China’s State Post Bureau anticipates that this year will see a maximum of 140 million packages being handled…
Chinese travellers have delivered a record spend for European outlet mall operator McArthurGlen. The company operates 20 Designer Outlets in Europe specifically geared to serve Chinese tourists – and one in China. Spending by Chinese customers is growing…
Singapore based Starhill Global REIT has posted a 16.8 per cent increase in revenue in the first quarter, to September 30. YTL Starhill Global REIT Management, the manager of the trust, says revenue rose to S$56.8 million and net property income rose 10.2 per…
A shift in focus away from the high end has partly buffered jeweller Tse Sui Luen from the Hong Kong luxury downturn. The group has released trading figures for the first half year revealing a decrease in turnover of just 3.6 per cent to HK$1.753 billion.…
ZTE Nubia Z9 and Z9 Max owners across the Chinese city of Shenzhen can now use a service launched by transportation operator Shenzhen Tong to make NFC mobile payments for public transportation and for purchases in retail stores. The company is making use of…
Aeropostale, an American mall-based fashion retailer for young men and women, is eyeing revenues of around Rs 500 crore from the Indian market in the next four years. The teen retailer launched its first store in the Capital in partnership with textile major…
English Premier League club Manchester City has partnered with EZ Shopnet to launch five online stores serving Asian fans. Manchester City online stores will be launched for customers in China, Hong Kong, Japan, Korea andSoutheast Asia. As the club’s new…
Apparel business I.T. Limited has boosted sales by 5.1 per cent to HK$3.393 billion in the first half year despite a slowdown in Hong Kong. But the company recorded a net loss of $31 million due to a non-recurring foreign exchange losspreviously reported…
A Jenny Bakery Shanghai store scam has angered the Hong Kong brand’s owners – not to mention Shanghai city officials and hundreds of customers who queued for hours only to find the cookies were copies. In the latest example of Mainland China’s seemingly…
China’s two largest internet retailers have clashed in the run-up to Singles Day, the world’s biggest online sales day, on 11 November. Alibaba has been accused by its smaller rival JD.com of “forcing retailers” to promote their sales exclusively with its own…
Tech giant Apple has reported its fourth quarter results – and concluded its “best year ever”. In the three months to September 26, the company achieved sales of $51.5 billion and a quarterly net profit of $11.1 billion. That compares to sales of $42.1…
Coca-Cola, one of the world’s most iconic beverage brands, is opening a flagship store on Alibaba Group’s Tmall online marketplace. The Coca-Cola Tmall store comes just in time for the Global Shopping Festival, the world’s biggest online sale, on November 11.…
The U.S. has holidays like Valentine’s Day and Christmas when couples are expected to exchange gifts, but China’s Singles’ Day proves even lonely hearts can get in on the retail action — and according to a recent Nielsen study, China’s lone wolves plan to do…
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