Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns in China.
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Starbucks China will invest US$130 million in a new roasting facility in 2022 as part of its upcoming Coffee Innovation Park in Kunshan.
Apple has closed all of its stores outside of Greater China in response to the coronavirus crisis, a decision based on its experiences on the mainland.
A Gome flagship store has launched on JD, giving the Chinese home appliance retailer access to JD’s more than 360 million active annual customers.
Investment groups China Resources and Yonghui Superstores, as well as some private individuals, are among potential buyers of Hong Kong’s City’Super high-end grocery chain.
Chinese online fashion and lifestyle retailer Mogu says its live-streaming broadcast formats doubled in the last quarter, driving a 7.8 per cent rise in group Gross Merchandise Volume (GMV) last year to US$2.6 billion.
Alibaba’s cloud service is promising to boost e-commerce solutions to businesses suffering from the impact of the coronavirus outbreak.
Hong Kong-based jewellery group Chow Tai Fook has closed 40 stores in Hong Kong after experiencing a 60-per-cent drop in retail sales there amidst the coronavirus outbreak.
Circle K Hong Kong parent Convenience Retail Asia has recorded a 5.9 per cent increase in sales last year to US$724.7 million, despite the onset of social unrest disrupting its core Hong Kong retail market.
Chinese retail giant Suning’s unmanned logistics and contactless delivery services have come to the forefront during the coronavirus outbreak.
Online shopping in China is booming during the coronavirus outbreak, with twice the number of first-time users in lower-tier cities moving online compared to those living in upper-tier cities.
Giordano group sales fell 11.9 per cent last year to US$624.6 million with sales at physical stores falling by 9.6 per cent and to franchisees by 24.2 per cent.
Ant Financial Services subsidiary Alipay says it will spend the next three years opening up its online payments platform to support the digital transformation of 40 million service providers across China.