China Latest News - Inside Retail Asia
A Chinese electronics retailer is planning a network of stores where inventors or “makers” can create products, build their business and showcase their inventions.
New stores, refurbishments and strong eCommerce growth pushed Gome Electrical Appliances’ profit up 43.5% in 2014.
Tesco China powers China Resources Enterprise to its first loss in more than 20 years.
Spain’s Inditex Group is expanding its online shopping reach in Asia as it builds the profile of its brands in the region, with Zara the most likely brand involved.
Hong Kong-based Li & Fung has reported a 1.4% increase in turnover, but an 18% decrease in profit for 2014.
Walmart China plans to open 30 new stores in China this year.
Coffee company Starbucks China has signed a joint venture with China’s Tingyi Holding Corp to manufacture and distribute ready-to-drink beverages in the grocery channel.
China business confidence is on the decline, with the nation’s largest companies reporting a worsening sentiment in March.
UnionPay International has launched a privilege program featuring special discounts at 80 duty free shops in 70 airports by partnering with 16 world-renowned duty free groups.
Convenience Retail Asia says sales in its convenience stores and bakeries rose marginally last year, but rising costs dented profits.
Jimmy Choo China plans more stores as Asia drives the newly-listed brand’s global growth.