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Tag: china

Retail Asia23/03/2017
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Food

Jumbo Group China to open Beijing restaurant

2min0
Singapore-owned seafood restaurant Jumbo Group China has signed a JV agreement to open its first outlet in Beijing. The agreement is between the Singapore group’s indirect wholly owned subsidiary Jumbo F&B Services (Shanghai) and Beijing Hualian (SKP) Departmental Store, a member of the Beijing Hualian Group. JFB Shanghai will hold a 51 per cent stake […]
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Retail Asia22/03/2017
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E-Tailing

Lotte Department Stores take in online retailers

2min0
Online retailers in Korea are set to open 13 outlets at Lotte Department Store branches in the next three months. “Online brands are continuously expanding into offline stores to raise their brand value and to receive real-time feedback from consumers,” says Lotte Department Store. Statistics Korea says online sales of apparel and fashion-related items have […]
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Retail Asia22/03/2017
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E-Tailing

Matsuya opens its own online store in China

1min0
Luxury Japanese department store Matsuya has opened its own online store in China. The company plans to use the store to lure repeat business from Chinese shoppers who have visited its Ginza flagship while on vacation, once they return home. Inbound Chinese travellers account for about 20 per cent of Matsuya’s store sales. Prior to […]
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Retail Asia22/03/2017
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Electronics

Apple China investing in research hubs

2min0
Apple China plans to set up two more research hubs and boost investment there. The announcement comes as CEO Tim Cook takes his latest trip to Apple’s single biggest overseas market. He is expected to be present at the opening of a new Apple store at Jinmao Place in Nanjing this Saturday, March 25. Apple […]
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Retail Asia22/03/2017
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Fashion

Uniqlo targets Zara in faster fashion move

4min0
From fast fashion to faster fashion: speed is seen as the key by Uniqlo owner Fast Retailing in its bid to outrace apparel powerhouse Zara. Uniqlo founder Tadashi Yanai says Fast Retailing plans to shorten the time it takes from design to delivery to about 13 days, roughly the same as Zara, owned by clothes […]
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Retail Asia21/03/2017
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E-Tailing

Alibaba Group Investments in Delivery Start Ups

3min
Alibaba and main rival JD.com will enjoy fast growth in the fast moving consumer goods (FMCG) market, according to research from Goldman Sachs, as more people in China turn to online shopping for daily grocery items like food snacks, body care products and soft drinks. The online grocery retail market is currently substantial and will […]
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Retail Asia21/03/2017
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E-Tailing

Alibaba to open Malaysian distribution hub

2min0
Chinese e-commerce giant Alibaba is to open a Malaysian distribution hub at KLIA Aeropolis to serve its growing business in Southeast Asia. According to unnamed sources quoted by financial press, Alibaba founder Jack Ma and Malaysian prime minister Najib Razak will announce the project at an event in Kuala Lumpur next week. The new centre […]
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Retail Asia21/03/2017
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Fashion

China drives Tiffany Asia sales growth

8min0
Tiffany Asia sales rose 9 per cent on the back of new store openings in 2016, with a solid fourth quarter balancing out a difficult year. In the Asia-Pacific region, total sales of US$1 billion in the full year were approximately equal to the prior year and total sales of $284 million in the fourth […]
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Retail Asia20/03/2017
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Fashion

Chow Tai Fook looks to Japan for growth

2min0
Hong Kong jeweller Chow Tai Fook is looking to Japan for growth to compensate for its challenges in greater China. The company is about to open a shop inside the Laox duty-free shopping centre in Tokyo’s Shinjuku district, a prime destination for Chinese tourists to the city. Currently, Chow Tai Fook operates just 19 of […]
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Retail Asia20/03/2017
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Fashion

Inditex Group sales rise on new stores

2min0
Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, to January 31, reaching €23.3 billion. Growth was achieved in every geographic region where the group is present, and includes contributions from debut stores in Vietnam and New Zealand. Same-store sales rose by 10 per cent, up from 8.5 per […]
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Retail Asia20/03/2017
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Telecom

Arrow holds IoT innovation showcase in Shenzhen

2min0
Arrow Electronics has held an internet of things (IoT) innovation showcase in Shenzhen aimed at connecting innovative Hong Kong startups with technology companies in China. The event attracted 500 attendees from all sections of the IoT ecosystem in Hong Kong and China, providing a platform for IoT businesses in China and Hong Kong to collaborate. […]
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Retail Asia18/03/2017
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Fashion

Tod’s Group looking to e-commerce

4min0
Italian luxury leather goods group Tod’s Group plans to continue to scale back store openings this year and look at e-commerce opportunities. Profits have fallen, despite a rebound in sales in Greater China. Announcing its results for last year, CFO Emilio Macellari says Tod’s will cut back store openings to between nine and 13 this […]
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Retail Asia17/03/2017
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E-Tailing

Alibaba plans technology boost

8min0
Alibaba plans to form independent research and development teams to build up core technologies that support its vision of serving 2 billion people in the future. The giant e-commerce and technology company unveiled its grand plan at its inaugural tech summit, “New Technology, New Future”, at its Hangzhou headquarters in China. About 5000 engineers attended, […]
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Retail Asia17/03/2017
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General

Lowest growth in decade for China retail sales

2min0
For the first time in 11 years, China retail sales growth has slipped below 10 per cent. With market expectations of a 10.6 per cent rise, official data shows sales for the first two months this year increased by only 9.5 per cent. The National Bureau of Statistics (NBS) attributes the slower growth to cooling […]
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Retail Asia16/03/2017
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E-Tailing

Chinese online sales reported to grow

2min0
Chinese online sales are tipped to reach US$1.17 trillion by 2020, according to new research by  Goldman Sachs. That compares with $750 billion in 2016. “While there have been concerns of a slowdown following the deceleration in growth to mid-20 per cent in 2016, we expect online retail growth to sail on at 23 per […]
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Retail Asia16/03/2017
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E-Tailing

Hugo Boss China focus online

3min0
German fashion house Hugo Boss says that improving its online business will be a priority this year as it shores up its recovery in China after slashing prices there. Since taking over as Hugo Boss chief last May, former finance chief Mark Langer has been cutting costs by renegotiating rents, shutting stores, trimming brands and […]
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Retail Asia16/03/2017
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Fashion

Further ‘exceptional’ growth for Furla Group

2min0
Italian luxury company Furla Group has had another year of what it describes as “exceptional growth” in turnover and profit. Sales soared 31.7 per cent in Japan, its strongest market in Asia, and the company is now setting its focus on boosting sales in China and Australia in the year ahead. The fashion house turned […]
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