Tag Archives: China

Muji opens flagship store on JD.com

Muji

(Source: Retail in Asia | June 8, 2018) Muji will launch an online flagship store on JD.com, and promote the partnership with posters in 231 of its stores throughout China, it announced. This will make it easier for online Chinese consumers to find and purchase Muji’s full range of Japanese product categories, including clothing, household items, home furnishing and even ...

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China to slash import tariffs on many consumer products by 60 percent from July 1

china

(Source: Manila Bulletin | June 1, 2018) China will cut import tariffs on nearly 1,500 consumer products ranging from cosmetics to home appliances from July 1, in a bid to boost imports as part of efforts to open up the economy. The move would be in step with Beijing’s pledge to its trade partners – including the United States – ...

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BreadTalk Group to broaden brand mix as bakeries feel the pinch

breadtalk

(Inside Retail Asia | May 4, 2018) Diminished returns from BreadTalk Group’s bakeries in Hong Kong and Mainland China saw the division’s sales slip 4.5 percent in the first quarter of this year. However, group revenue rose 0.5 percent to S$148.5 million (US$111.55 million) as other divisions compensated. And on a like-for-like basis, BreadTalk’s core food and beverage business posted ...

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Sales staunch for Hermes International

hermesHK

(Inside Retail Asia | May 4, 2018) Despite currency fluctuations knocking out €104 million (US$124.5 million) of revenue, Hermes International reports solid first-quarter sales with China again a hero. Excluding Japan, Asia achieved 16 percent growth. Japan continued with outstanding growth of 8 percent. In January, the group opened a Landmark Prince’s flagship store in Hong Kong. The French luxury ...

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IGD Asia: why China’s top 10 grocers shine

supermarket7-770x513

(Source: Inside Retail Asia | May 3, 2018) Leaders in China’s retail grocery market are growing at a rate that almost doubles that of the entire sector, according to new research from IGD Asia. It predicts the top 10 retailers will achieve 10.4 percent growth by 2022, compared to 5.8 percent for the overall market, but anticipates this will come ...

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Where do mobile wallets expand globally?

alipay

(Source: Retail in Asia, Forbes | April 26, 2018) In 1946, banker John Biggins introduced the first bank card, Charg-It, across his neighborhood in Brooklyn, New York. When a consumer charged a purchase at a local merchant, the charge would be forwarded to Biggins’ bank, which would reimburse the merchants and collect payment from the consumer. This development was noteworthy ...

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Trade tensions with US testing resolve of Chinese consumers

Guo Qingshan poses on his Harley-Davidson motorcycle in his village outside Beijing, China, April 7, 2018. REUTERS/Thomas Peter

(Source: Manila Bulletin, Reuters | April 20, 2018) Guo Qingshan delights in riding his 400,000 yuan ($63,839) Harley-Davidson (HOG.N) motorbike around Beijing’s suburbs. However, Guo has his limits. Deteriorating trade ties between the United States and China could mean American imports, including Harley-Davidson motorcycles, could be much more expensive in the future as the two countries trade tit-for-tat tax hikes ...

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Xi Has a New Signup for China’s Pollution Fight: Walmart

Walmart Store Exterior

(Source: Bloomberg | March 29, 2018) Chinese President Xi Jinping has vowed to slash pollution and prioritize living standards over unbridled growth. On the other side of the globe in Bentonville, Arkansas, the world’s largest retailer is signing on. On Thursday, Walmart Inc. committed to cutting 50 million metric tons of carbon emissions from its Chinese operations — attempting to ...

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RECon China: Innovation, Convergence and Consumption in the New Retail Age

asa recon

RECon China -ICSC’s flagship conference in China will be held on 20 April at the InterContinental Shanghai Jing’An. The event will gather more than 300 retail real estate industry leaders from around the world to share insights and opportunities. The theme of this year’s RECon China is: Innovation, Convergence and Consumption in the New Retail Age with programme sessions addressing ...

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China promotes green e-commerce delivery services

delivery

(Source: Xinhuanet |Jauary 23, 2018) China has urged e-commerce platforms and express firms to develop green delivery services and avoid over-packaging. E-commerce and express firms should coordinate on environmentally-friendly packaging, supply chain and packing material recycling, according to the guidelines released Tuesday by the State Council. Green development is a natural choice for China’s e-commerce market to enter a new ...

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