July 25 – Gross merchandise value of mobile e-commerce transactions in China soared 135% to 96.5 billion yuan in 2012, according to a report released by the China E-Commerce Research Center. The growth rate was much faster than that of the entire e-commerce market. The value of mobile e-commerce transactions in China is projected to reach 130 billion yuan in 2013.

July 24 – Lawson opened 5 outlets revamped with motifs based on the popular cartoon series Naruto Shippuden in Shanghai as the Japanese convenience store chain's third anime-themed store in the city, Retail in Asia reported. Lawson plans to operate 10,000 stores in China by 2020, up from 390 at present.

July 23 – GNC opened its first standalone store in Shanghai, Inside Retail Asia reported. The US health and nutrition products retailer said it plans to open another 25 stores in China in the next 12 months.

July 23 – Delifrance said it will open two stores in Guangzhou and Shenzhen to try its luck once again China, Inside Retail Asia reported. The French bakery failed to crack the Chinese market in 1987 when it retreated from Shanghai after poor business.

July 23 – LVMH said it had seen its watch sales decline in China due to the economic slowdown and the crackdown on gift-giving, without giving exact numbers, Inside Retail Asia reported. Swiss watch exports to China dropped 19% year on year in May, according to the Federation of the Swiss Watch Industry.

July 22 – The prices of luxury goods sold in China grew just 1.5% in 2012, 3.42 percentage points slower than in the previous year and hitting a 7-year low, according to a Hurun Report. Luxury prices in China rose rapidly in the past few years, but they are cooling down as fast as they were going up due to China's economic slowdown and crackdown on corruption, the report said.

July 22 – US fashion brand Blauer USA said it had opened its first two stores in China in Shanghai and plans to open a third store in Wuxi, Jiangsu shortly, Inside Retail Asia reported.

July 22 – Wahaha, a beverage maker, said it plans to open 100 shopping centers and department stores across China in 3-5 years. Chairman Zong Qinghou said big stores will have gross floor areas of 200,000-300,000 square meters, while small stores 50,000 square meters. The company spent 1.7 billion yuan building its first mall, Wahaha Commercial, in 2012.

July 22 – Yihaodian.com, a leading online grocery store in China, has begun selling fresh vegetables in Shanghai, and will expand the service to major cities including Beijing, Guangzhou and Shenzhen by the end of September. Yihaodian, which is offering big discounts for its 5th anniversary, said its daily traffic exceeded 10 million visits on July 11, making it China's third largest online shop after Taobao.com and JD.com.

July 19 – The Chinese government plans to introduce new subsidies for buying energy-saving household appliances, the Securities Times reported. The previous round of subsidies ended in June.

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
C-M-O-D-O AUTHENTIC SITE PayPal
@2014 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate