October 11 – Online shopping receipts are estimated to total 1.18 trillion yuan in 2013, with clothing sales to account for 27% of the total, iResearch predicted.
October 11 – Diamond jeweler De Beers opened a second store in Shanghai and its 6th in China, Inside Retail Asia reported. The new store spans 120 square meters.
October 10 – In response to media reports that its prices are higher in China than in the US, Starbucks (Nasdaq: SBUX) said operating expenses in China are different from other markets and the ratio of its joint venture stores and franchises is higher in China. According to its latest quarterly report, Starbuck's profit margin in the China/Asia-Pacific region was 32% compared with 21.1% in the US.
October 10 – Tory Burch opened its first store in Nanjing, Jiangsu province. It is the designer clothing retailer's 5th store in China. It plans to open new stores in Qingdao and Hangzhou by the end of 2013.
October 10 – China's restaurant revenue is expected to total 2.5 trillion yuan and growth is expected to get back to double digits in 2013, the China Cuisine Association predicted.
October 9 – British high street apparel brand Topshop plans to open stores in mainland China, Inside Retail Asia reported, citing owner Philip Green. Green said Arcadia Group, which owns Topshop, is in talks with several parties to explore opportunities in mainland China. Topshop plans to open 20 to 30 pop-up stores within Chinese department stores in the years to come.
October 9 – British retailer Marks & Spencer opened its 16th China store in Suzhou, Jiangsu province.
October 9 – Lane Crawford, a seller of designer label luxury goods, said it will open its largest China flagship store in Shanghai in October. The 14,000s-square-meter outlet, Lane Crawford's 8th in China, is estimated to cost 400 million yuan and offer more than 500 international brands for apparel, beauty and jewelry products.
October 9 – Nike's (NYSE: NKE) revenue from China fell 3% year on year to $574 million in the past financial quarter as the local market became more competitive. The sportswear retailer said it was working on a new strategy for the Chinese market.
October 8 – Meat prices rose and vegetable prices fell in China's 50 largest cities between September 21 and September 30 compared with the previous 10-day period, according to the National Bureau of Statistics.
October 8 – Retail sales and restaurant receipts totaled 870 billion yuan during the past weeklong National Day holiday, up 13.6% from a year earlier, the Ministry of Commerce said.
October 8 – Chinese tourists traveling overseas spent 65% of their expenses on shopping during the past weeklong National Day holiday, according to the China Tourism Academy.
September 30 – Oysho, a Spanish clothing retailer owned by Inditex, opened its first China store in Shanghai. The store offers lingerie, outerwear and informal loungewear.
October 4 – American legwear brand Hue has opened its first 2 stores China in Shanghai and Shenzhen, Inside Retail Asia reported. The expansion is part of its agreement with partner E-Land Group to open 50 global stores within a year and 500 within 5 years.
October 3 – China will have 10,000 shopping malls by 2025, up significantly from 3,100 at present, Inside Retail Asia reported, citing an industry expert. Guo Zengli, director of Mall China that is affiliated to the China Commercial Real Estate Commission, said the boom would be driven by China's middle class, which is expected to comprise 93 million households by 2015.
October 1 – Golden Jaguar, a Chinese buffet restaurant operator in China, plans to open 8-10 restaurants this year, Linkshop.com.cn reported. The company expects its annual revenue to top 1.2 billion yuan this year and operate more than 50 restaurants by 2015.
September 30 – Uniqlo opened its largest global flagship store in Shanghai. The 8,000-square-meter store is the Japanese clothing retailer's 11th global flagship. Currently Uniqlo operates 252 stores in over 50 Chinese cities.
September 29 – About 150 shopping malls with average floors pace of 80,000 square meters will be opened in China in 2013, according to a report released by Jones Lang LaSalle. There were 2,812 shopping centers in China as at the end of 2011, and the number is estimated to reach 4,000 by the end of 2015.
September 28 – Gap (NYSE: GPS) opened 2 stores in Suzhou, an industrial city in Jiangsu province. The US fashion retailer currently operates 63 stores in China and plans to increase the number to 80 by the end of 2013.
September 27 – Metro AG opened its first store in Zibo, Shandong province, Linkshop.com.cn reported. It is the German retailer's 5th store in Shandong and 69th store in China.
September 27 – McDonald's (NYSE: MCD) said it plans to open 120 restaurants in central-eastern China's Anhui province in the next 5 years, Linkshop.com.cn reported. It currently operates 27 restaurants in the province, employing 1,500 people.
September 27 – Bose opened its 4th outlet in Hangzhou, Zhejiang's provincial capital. It is the American audio equipment manufacturer's 100th store in China.
September 27 – 103 convenience stores were opened in Qingdao, a popular port city in Shandong province, in the first 8 months, taking the total number to 534, Linkshop.com.cn reported, citing the local commerce bureau. Sales revenue at these convenience stores rose 26% year on year to 620 million during the 8 months.
September 26 – Walmart (NYSE: WMT) opened 2 stores in Guangdong, 1 in Fujian and 1 in Yunna, Linkshop.com.cn reported. The US retailer plans to open 30 stores in China this year. According to a 2012 announcement, it plans to open a total of 100 stores in China between 2013 and 2015.
September 26 – 62 of China's 100 largest retailers have opened online stores, according to the Ministry of Commerce.
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