Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Ikea has announced impressive growth in sales across the globe, achieving £23bn in the year at the end of August. Sales were up by 5% on the previous year in comparable sales. The furniture giant has 328 stores across 28 countries, and estimates that they…
Starbucks is investing heavily in ‘mobile order and pay’, with plans to roll out the feature across the US by the end of this month, CFO Scott Maw said at the Goldman Sachs retailing conference on Thursday. Previously, the coffee giant had set itself the end…
Michael Dell is no longer beholden to shareholders after taking the computer company he founded private two years ago. As such, he’s free to invest more than $125 billion in China over the next five years as part of his “In China, For China” 4.0 strategy…
The new Apple iPhone will give the city’s battered retail sector a shot in the arm, experts say, as the price difference between Hong Kong and the mainland will help stimulate demand from across the border. Previous iPhone launches have seen long queues in…
E-commerce giant Alibaba has succumbed to the crisis gripping the Chinese economy a year after the company became the world’s biggest float. Founder and former English teacher Jack Ma became an overnight billionaire when Alibaba launched on the New York Stock…
Macy’s says it will close 35 to 40 stores in early 2016, or as much as 5 per cent of its namesake department stores.Macy’s said Tuesday it hasn’t selected all of the stores that will be closed yet. It expects the locations will have about $300 million in…
German retail giant Metro said today it is teaming up with Chinese online retailer Alibaba to tap the potential of the booming e-commerce market in China. Metro, which operates more than 80 Cash and Carry wholesale stores in China “is now expanding its…
General Motors and its joint ventures booked record retail sales of 2,197,192 vehicles in China during the first eight months of the year, which was up 2.3% year on year. The increase, the automaker said, was driven by successful new product launches and an…
Apple stock has taken it on the chin in the past several weeks. The stock is down around $110 from an intra-day high of $135 just a few months ago. Most of this decline is due to pervasive fear about declining economic growth in China, and concern over the…
NYSE-listed pharmaceutical retailer China Nepstar Chain Drugstore says increased staff training and promotional activity fuelled a 12.9 per cent rise in sales in the latest quarter. In the three months to June 30, China Nepstar achieved US$125 million in…
Jeweller Tiffany & Co says its 30 China stores posted record double-digit sales growth in the second quarter. China is the world’s second largest luxury market and accounts for 10 per cent of the US company’s global store network. And despite the Chinese…
September 4, 2015, 10:56 AM E-commerce China Dangdang Inc., a leading Chinese web retailer of books, music, video and other media, reported continued sales growth in the second quarter. But the e-retailer swung to a loss as Dangdang increased spending on…
The impact of e-commerce on the retail industry in China has meant traditional retailers have been transforming themselves by investing in new sectors, shifting to asset-light business models or exploring the online-to-offline business mode, Shanghai’s China…
Institutional investors are diverting their capital to Hong Kong’s office property market in the wake of a troubled outlook for the retail sector, where yields have been compressed by soaring asset prices. Property consultants expect more big-ticket…
As investors around the world fret over China’s economic tremors, Hong Kong tycoon Li Ka-shing has less reason to press the panic button: he has been quietly accelerating moves to cut his reliance on the world’s second-largest economy. Mr. Li, nicknamed…
Demand from China has helped drive the massive success of the iPhones 6, but will it do the same for the Apple Watch? The early numbers look a bit muted, though still promising. Since the device’s release in May, research firm RedTech Advisors/TalkingData…
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.