Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns in China.

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Ikea City store in Shanghai opens, a Chinese first for Swedish retailer

Swedish home-furnishing giant Ikea opens an Ikea City store in Shanghai today, its first such outlet in China.

Asia outperforms for Groupe L’Occitane as pandemic decimates European sales

Strong sales across Asia and rapid online growth helped beauty-products retailer Groupe L’Occitane contain its sales decline during the June quarter to a comparatively respectable 22 per cent.

Luk Fook to close five Hong Kong stores as sales continue to fall

Luk Fook Holdings has reported a 71-per-cent plunge in first-quarter same-store sales due to the impact of Covid-19 on tourist numbers travelling to Hong Kong.

Kris Wu x Gentle Monster pop-up space opens in Shanghai

A Kris Wu x Gentle Monster pop-up space themed The Roller has opened in Shanghai, featuring design inspired by a parking lot layout.

‘Starbucks Now’ to join four Alibaba apps

Starbucks Coffee is introducing its own mobile order and payment system in the Mainland Chinese market as a feature on four Alibaba platforms.

Crazy Sports to open lottery franchises inside JD convenience stores

Chinese internet firm V1 Group has partnered with Suqian Jingdong to introduce sports lottery retail services into JD Convenience Stores within the territory via its subsidiary Crazy Sports.

Silver linings in Covid-19 crisis for China’s department stores

Chinese department stores long-term outlook remains positive despite being greatly impacted by Covid-19, according to Fung Business Intelligence.

Apple Sanlitun China store opens

International tech giant Apple has opened a new store in Beijing’s Sanlitun, twice the size of the one it replaces.

Richemont suffers slump in online sales

After dismal updates from luxury goods groups this week, Richemont, the company behind Cartier could be forgiven for a 47-per-cent slump in sales in its first financial quarter.

Covid-19 has trapped US$111 billion of luxury spending in China

Thanks to the coronavirus global pandemic, cashed-up Chinese high-end shoppers are finding it hard to spend their cash on luxury goods.

NBA joins branded-mask trend, selling across Asia

North America’s National Basketball Association (NBA) has launched a face-mask collection online, supporting communities impacted by Covid-19.

PizzaExpress in takeover talks

A group of senior bondholders to PizzaExpress is in talks to potentially provide new funding in a deal that could see them take over much of the company from owners Hony Capital.