Tag Archives: China

Alibaba Group revenue up but profit down

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(Source: Inside Retail Asia | 19 May 2017) Alibaba Group revenue jumped 56 percent to RMB158.27 billion (US$22.96 billion) for its latest fiscal year, even as net income fell 42 percent to RMB41.23 billion. The company attributes the fall to a larger tax bill plus investments in cloud computing. Fourth-quarter sales to the end of March rose for the seventh ...

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Moncler Asia revenues rise

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(Source: Inside Retail Asia | 5 May 2017) Moncler Asia revenues rose 12 per cent in Asia in the latest quarter. The Italian-headquartered fashion retailer says sales in both its own stores and wholesale channels recorded “very good performances” in Japan, especially, where it says Moncler enjoys a “particularly strong brand perception”. Moncler continued its solid growth in Mainland China, ...

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Apple sales plunge in China, but global profit rises

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(Inside Retail Philippines | 3 May 2017) Apple sales and profit grew globally in the second quarter – despite iPhone sales being down $7 billion on the same quarter two years ago. Total revenue grew by 4.5 percent to $52.9 billion and net income by 4.9 percent, leaving Apple sitting on cash reserves of a staggering $250 billion. International sales ...

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China’s online grocery growth predicted to double

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(Source: Inside Retail Asia | 27 April 2017) Online grocery in China could more than double in growth between now and 2020, according to international grocery research organization IGD. Online grocery’s current 3.1 percent share of the country’s total grocery market is forecast to leap to 6.6 percent over the next three years. Driven by the spread of the internet, ...

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China’s healthy snack trend creates opportunities

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(Source Inside Retail Asia | 4 April 2017) China’s healthy snack trend is creating massive opportunities for FMCG companies and retailers according to a new report from research house Mintel. While snacking is often thought of as an indulgent and convenient alternative to traditional meal times, many Chinese consumers are now focusing on their health. Mintel’s report reveals that four ...

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Octogenarian new ambassador for Reebok China

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(Source: Inside Retail Asia | 31 March 2017) Octogenarian Wang Deshun, a silver-haired actor known as “China’s hottest grandpa”, is Reebok China’s newest brand ambassador. Wang, who was born in Shenyang in 1936, stars in the sports brand’s latest Chinese video campaign “Be More Human” alongside actress Yuan Shanshan and actor Wu Lei. The senior citizen first caught attention in ...

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Samsonite Asia heightens focus on China

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(Source: Inside Retail Asia | 24 February 2017) Branded luggage-maker Samsonite Asia aims to make China its biggest market within five years, pinning its hopes on eCommerce and social media to fuel growth. While sales in China now account for more than 10 per cent of its total revenue, Samsonite CEO Ramesh Tainwala says they are likely to double by ...

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Alibaba forms partnership with high street retailer Bailian group

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(Source: Tech Wire Asia | 21 February 2017) China’S e-commerce giant, Alibaba Group Holding Ltd, has formed a strategic partnership with traditional bricks and mortar retailer Bailian Group to use big data to improve sales. The state-owned Shanghai based high street retailer is the largest by store numbers to join forces with Alibaba in its new effort to capture a ...

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Missile move hits Lotte Group in China

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(Source: Inside Retail Asia | 07 February 2017) Hit by fallout from the Korean government’s plan to deploy a US-made missile shield, the Lotte Group is shutting three retail shops near Beijing. Korea’s fifth-largest conglomerate, Lotte was hit by a series of regulatory investigations into its China business in December after striking a deal with the Korean government a month ...

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China bullies South Korea at its own risk

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(Source: Retail in Asia | 13 January 2017) China can only do so much to make life harder for South Korea. Beijing appears to be taking economic revenge against Seoul over a missile defence deal with the United States. Sectors riding the “Korean wave” in China, such as cosmetics, tourism and entertainment, are hurting. But $100 billion-plus manufacturing ties between ...

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