October 18 – China's retail sales grew 13.3% year on year to 2.07 trillion yuan in September, including 225.9 billion yuan in restaurant receipts, which was up 9.1% from a year earlier, the National Bureau of Statistics said. Between January and September, retail sales grew 12.9% year on year to 16.88 trillion yuan, including 1.82 trillion yuan in restaurant receipts, which was up 8.9% from a year earlier.

October 17 – American treat brand Rita's Italian Ice has opened its first international store in China in Shenzhen, Inside Retail Asia reported. The new outlet is owned by Shenzhen XingHeFeng Trade, Rita's master franchisor for southern China, which plans to open 31 Rita's stores over the next 10 years.

October 17 – American baby products brand Little Giraffe has set up an online store for the growing Chinese market, Inside Retail Asia reported. The online store is opened on Tmall.com, China's most popular B2C site.

October 17 – Walmart (NYSE: WMT) said it would close 50 underperforming stores in China and Brazil as of part of a change to its global strategy. No more details were disclosed. Walmart currently operates approximately 400 stores in China.

October 17 – Sales at 3,000 major retailers tracked by the Ministry of Commerce rose 8.9% year on year in the first 9 months, 0.7 percentage points faster than the same period of a year earlier, the ministry said. Sales of the 3,000 retailers' online platforms jumped 34.7% year on year during the period. Online retail sales are expected to total 1.3 trillion yuan in Q1-Q3, equaling that of full year 2012.

October 15 – Ikea said construction on its first store in northwestern China will begin in Xi'an, Shaanxi province by the end of 2013. The Swedish home improvement retailer currently operates 13 stores in China. It said it plans to open 3 stores annually in the country through 2016.

October 15 – Uniqlo said revenue from China totaled over 6.2 billion yuan in its past financial year, which represented half of its overseas revenue. The Japanese clothing retailer said it plans to open 80 to 100 stores in China in the years to come and operate 1,000 stores there by 2020.

October 15 – American fashion chain Forever21 opened its 3rd store in China in Shenzhen, Inside Retail Asia reported. The new store spans 2,016 square meters and offers sub-brands including Love21, 21Men and Love & Beauty.

October 14 – Alibaba has led a $206 million investment in US online retailer ShopRunner, expecting it to play a significant role in the US e-commerce market, Inside Retail Asia reported. Kynetic and American Express were the other two investors. Two months ago Alibaba acquired a minority stake in ShopRunner for $175 million.

October 14 – Meat prices rose and vegetable prices remained basically unchanged in China's 50 largest cities between October 1 and September 10 compared with the previous 10-day period, according to the National Bureau of Statistics.

October 14 – McDonald's (NYSE: MCD) has accepted bankcard payment in China. The service is now available at 142 restaurants in downtown Shanghai before expanding to Beijing, Tianjin, Guangzhou, Nanjing and then nationwide.

October 14 – Swedish apparel brand Cheap Monday said it plans to open 2 flagship stores in China, Inside Retail Asia reported. The one in Beijing is expected to be launched by the end of 2013 and the one in Shenyang, Liaoning province in early 2014.

October 14 – China's consumer price index rose 3.1% in September from a year earlier, half a percentage point faster than in August, according to the National Bureau of Statistics. The number rose above the government-set 3% alarming rate.

 

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