Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Uniqlo owner Fast Retailing’s healthy online sales and strong performance in overseas markets, particularly in China, have helped boost its third quarter results. The Japanese retailer said its online sales saw a 16.1 per cent year-on-year increase in the…
Bonjour Holdings says it expects a loss in the half year to June as protests took their toll on the city’s retail sector. Last year, Bonjour Holdings reported a profit of HK$7.4 million in the six month period. In a stock-exchange filing, the company did not…
US fashion brand Michael Kors is to launch a digital flagship store on Alibaba’s Tmall and the Tmall Luxury Pavilion. The launch marks Michael Kors’ first e-commerce channel in China, apart from its own site, offering consumers the full line of clothing sold…
Ajisen China has reported a 4.8 per cent improvement in same-store sales for the June quarter. The Hong Kong-listed fast-casual restaurant operator combined sales in its local operations with those in the mainland and did not comment on the respective markets…
Uniqlo owner Fast Retailing’s healthy online sales and strong performance in overseas markets, particularly in China, have helped boost its third quarter results. The Japanese retailer said its online sales saw a 16.1 per cent year-on-year increase in the…
China·Chengdu Panda Cafe, a coffee house featuring panda elements, officially debuted in Naples, Italy last weekend. The cafe, presents Chengdu-themed performances to guests, quickly attracted local customers curious to try the brand’s unique “Chengdu…
China is one of the biggest EV markets in the world and many global automakers have developed electric vehicles particularly for the Chinese market. However, some carmakers like Toyota and Honda have also invested heavily in the hybrid technology and have…
Luckin Coffee, the Chinese cafe startup that has directly taken on Starbucks in the territory, is moving into the takeaway tea market with its new Xiaolu brand. “Coffee and tea are the two most popular drinks in the office,” said Luckin VP Jinyi Guo.…
Belgian designer brand Jean Paul Knott will open its first Chinese flagship in Beijing next month. The designer behind the eponymous label, which emphasises high-quality fabric and minimalist design, revealed the plans at a recent conference marking the…
Discount e-commerce platform Vipshop has acquired a chain of Chinese outlet malls. The online business has paid RMB290 million (US$42 million) for Shan Shan, extending its offline footprint. The Tencent and JD-backed site has been making strong moves to trade…
Chinese tech firm Huawei has launched its largest international flagship store in Madrid. The new centrally located 1100sqm store showcases the company’s 5G and AI technologies as well as its range of smartphones and computers. More than 1000 people attended…
Versace China’s new flagship has opened in Beijing as part of a concerted plan by the fashion label’s new owners to expand its footprint globally. Launching in Beijing’s China World Mall to bring its store network to 53 outlets, the more than 4300sqft…
By 2035 half of Volkswagen’s sales in China will be new energy vehicles (NEVs), CEO Herbert Diess told a conference in Boao, China, on Tuesday, according to a company statement. Volkswagen intends to offer 14 electrified models in China this year. By 2028,…
Alibaba’s marketplace Tmall has rolled out a suite of tools for brands to customize their online storefronts and offer a more personalized experience for shoppers. The platform’s “Flagship Store 2.0” solution pulls both analytics and popular technologies…
Tmall has rolled out a suite of tools for brands to customize their online storefronts and offer a more-personalized experience for shoppers. Called “Flagship Store 2.0,” the solution from Alibaba’s premier marketplace pulls together into the Tmall app both…
Sportswear brand Nike has revealed its net profit increased to US$4 billion during the 2019 financial year, compared to the previous year, which saw Nike earn US$1.9 billion. The large disparity is attributed to the enactment of the Tax Act last year, which…
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