Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Hong Kong jeweler Chow Tai Fook says the reopening of retail stores in Mainland China eased the company’s sales decline in the June quarter. But the lack of tourists in Hong Kong and Macau decimated sales there. Same-store sales were down by 93.2 percent in…
Fashion label Burberry is optimistic about a post-Covid-19 recovery as sales began to return to normal in Asia during the June quarter. While same-store sales were down by 45 percent across the three months, June’s decline was 20 percent and the brand…
Beauty-products retailer Sa Sa International saw sales plunge 67.9 percent in the June quarter due to the collapse in mainland tourist arrivals in the city. Sales in Hong Kong and Macau, its core market, fell by 74.3 percent with same-store sales down 71.9…
With manufacturers reporting greater demand volumes and retailers confirming a steady increase in business in April and May, the China jewelry industry finds itself in the midst of a V-shaped recovery in the second quarter of 2020. A confluence of factors has…
Despite constant pressure applied by the U.S. not to allow Huawei’s networking equipment inside Britain’s 5G networks, in January the British announced that it would not heed the warning. Gear from the world’s largest networking equipment supplier would be…
Sneaker giant Nike has introduced its new retail concept Nike Rise in Guangzhou, China. The latest international store concept joins the brand’s innovative portfolio which already includes Nike Live in Tokyo and House of Innovation in NYC. The Nike Rise…
Kering label Bottega Veneta has just opened its first pop-up store post-Covid-19 at Shanghai’s Plaza 66 Mall, dubbed the ‘invisible store’. Running until July 19, the pop up is doubles as an art installation with a mirrored exterior camouflaging the space,…
JD Worldwide has teamed with LG and Korea International Trade Association (KITA) to introduce more Korean brands to Chinese customers. “The epidemic has encouraged more Chinese consumers to shop online. With this trend, we will put more effort into helping…
Battles along the India-China border last month left 20 Indians dead, and as we told you at the time, negatively impacted iPhone production in and shipments to India. Indian authorities were blocking shipments from China into India. This left Apple iPhone…
Taiwan’s Foxconn wants to build housing for workers in northern Vietnam and has made a proposal to the government. The world’s largest contract manufacturer, a contractor for Apple and other global giants seeks to develop three housing projects at a cost of…
China’s securities watchdog issued 3.6 billion yuan of penalties over a case of insider trading by a Shanghainese entrepreneur and his daughter – an all-time record-high regulatory fine. Wang Yaoyuan and his daughter Wang Chengcheng were fined 2.72 billion…
Chinese fruit-based cheese tea brand Nayuki is making its debut in Japan, opening its first cafe in the Zero Gate shopping complex in Osaka. The new 200sqm store features a teahouse experience similar to the brand’s locations in its home market, incorporating…
The new Huawei Shanghai store, the Chinese smartphone and electronics brand’s largest yet, opened its doors this week. The three-story Huawei Shanghai flagship covers 50,000sqm – equivalent to the size of a small to medium shopping mall. It houses the full…
American brand management company Iconix Brand Group has sold the Starter China business for US$16 million to an unnamed local investor. The Starter divestment is the second Chinese transaction by the US company this year following an agreement reached in…
Signs of concerns continue to build up in China’s financial system with another two lenders affected by recent bank runs. The Local governments and police of Baoding city in Hebei province and Yangquan city in Shanxi province pleaded customers not to withdraw…
Chinese online e-commerce platform JD and Sony Semiconductor Solutions are working together to develop AR technology to measure foot size online. The JD and Sony solution requires customers to use their smartphone equipped with a distance-detecting camera and…
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