Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Adidas has replaced its China chief, it said on Tuesday, as the German sportswear brand looks to revive sales in the world’s second-largest economy. The company has appointed Adrian Siu to take over from Jason Thomas, who became Adidas Greater China’s…
Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, has decided to shut down its struggling fast-food brand, East Dawning, after it failed to survive the Covid-19 pandemic. The company said in its annual report that the…
Vietnam will cap its coal exports at 2.03 million tons this year, according to the Ministry of Industry and Trade. That represents a 22.5 percent increase from last year’s 1.55 million tons. But Vietnam also imported a lot of coal and its net exports were…
Chinese discount retailer, Miniso, has set foot in Soho, New York’s most expensive borough, with a 10 N’ Under flagship store as part of its North America expansion. Spanning 7974 sqft, the flagship is located at 490 Broadway within a heritage-listed…
Blue Bottle Coffee opened its first store in the Chinese mainland on Friday in Shanghai, a city boasting the highest number of coffee shops worldwide. Naming its Shanghai debut “Yutong Cafe”, the American coffee chain selected a historic venue by Suzhou…
The global winter sports gear market continues to boom in 2022 thanks to the thrilling Beijing 2022 Winter Olympics and the rising popularity of winter sports around the world. Sales data from AliExpress, a global retail online marketplace under the Alibaba…
New Zealand’s A2 Milk said on Monday its first-half profit halved as sales of its infant milk formula product continued to fall in China, but forecast second-half revenue to be significantly higher than a year ago. The firm reported a first-half net profit…
Coffee chains such as Luckin Coffee and Tim Hortons have increased the prices of their beverages in China, with U.S. giant Starbucks blaming “multiple factors” such as higher operating costs. The chains, among China’s largest coffee players, raised prices by…
German sportswear company Adidas said on Thursday it would grow in its key market of China in 2022 even after it was hit by renewed pandemic restrictions and the aftermath of a consumer boycott of Western brands. The comments come after Manager Magazin…
French luxury goods Kering sounded a positive note on its forecasts for its performance this year in China, even if the country’s consumers are not expected to resume traveling abroad for at least a year. Group managing director Jean-Francois Palus told…
Treasury Wine Estates said on Wednesday its operating earnings outside mainland China jumped 28per cent, underpinned by growth in its luxury and premium brands, sending shares of the world’s largest standalone winemaker nearly 12per cent higher. Treasury has…
Starbucks is battling its second bout of public fury in China in less than three months, after an incident described by the US coffee giant as a “misunderstanding” at one of its stores sparked criticism from online users and state media. The company came…
Lang Son has decided to stop receiving fruit trucks headed for the China border for ten days starting February 16 as over 1,000 trucks are still stuck in the province. The provincial Department of Industry and Trade said that as of Friday morning, the total…
“We are pleased to report the third consecutive quarter of delivering positive same-store sales growth. With revenues exceeding $2 billion in the quarter, restaurant margin, operating profit and net income have all improved. We opened 129 new restaurants in…
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday. Japan-Taiwan Exchange Association Chairman Mitsuo Ohashi praised Taiwan Semiconductor Manufacturing Co Ltd (TSMC)’s plans to expand in…
Someone over at Apple is popping the champagne as an extremely successful holiday season for the iPhone 13 made Apple the top brand in the world’s largest smartphone market — China. We’ve known that the new iPhone models (minus the iPhone 13 mini) have been…
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.