Vanguard Archives - Inside Retail Asia
Chinese e-commerce giant JD is considering a share listing in the US, according to multiple news reports.
As 50,000 people apply each day to be franchisees, JD.com promises to open more than 1000 stores a day this year.
Alibaba Group has declined to comment on Chinese media reports it plans to acquire RT-Mart China.
Tesco China is rebranding its stores under majority partner China Resources’ Vanguard banner.
China’s domestic retailers are continuing to squeeze out foreign rivals in the nation’s growing FMCG market. Research from Kantar Worldpanel shows a solid 5.7 per cent value growth in China’s FMCG market for the year to September 5. While in comparison to historic levels this remains low, in the latest quarter (Q3 2014), FMCG growth recovered to 6.9 per cent, higher than both Q2 (4.7 per cent) and Q1 (4.6 per cent) – what Kantar describes as “a promising rebound in the second half of …
China Resources Enterprise profit falls.
Vanguard supermarket parent to open up to 400 stores yearly.