July 31 – Louis Vuitton opened a new store in Beijing, Inside Retail Asia reported. The French retailer now operates over 40 stores across 30 Chinese cities.
July 31 – French milk brand Candia opened its first store in China in Wenzhou, Zhejiang, Inside Retail Asia reported. It takes advantage of China’s greater demand for foreign baby formula after domestic products were repeatedly contaminated with toxic substance. Candia plans to open 10 more stores in China by the end of this year.
July 31 – Lifestyle International, a Hong Kong-based department store operator, plans to open 30 stores in mainland China per year as it takes a cautious approach against stiff competition there, Retail in Asia reported, citing Lifestyle International chief executive Thomas Lau Luen-hung.
July 29 – Restaurant receipts in China rose 8.7% year on year to 179.5 billion yuan in 1H 2013, said the China Cuisine Association. The growth rate was 4.5 percentage points slower than a year earlier in the wake of the crackdown on publicly funded banquets. In 2Q 2013, 20% of the companies tracked by the association posted losses and 60% reported an average 42% decline in profits. The association predicted a recovery in 2H 2013 and forecast full-year restaurant revenue to rise 10% to 260 billion yuan.
July 29 – Carrefour is looking for cooperation with Chinese e-commerce firms to increase sales, Linkshop.com.cn reported. Moonbasa.com, a womenswear e-tailer, was tipped to be one of those being approached by the French retailer.
July 29 – Starbucks (Nasdaq: SBUX) said its 1,000th store in China will be opened by the end of 2013, and China will become its second largest market after the US by the end of 2014.
July 29 – C.P. Lotus Corp (HKG: 0121), a Thai hypermarket operator, opened its second store in Xuzhou, Jiangsu. It is its 74th store in China.
July 27 – Carrefour China president Thierry Garnier said the company plans to build a small shopping center in China and improve shopping experience with regional variations. The French retailer is expanding its business in the western municipality of Chongqing and western provinces of Sichuan, Guizhou and Xinjiang.
July 26 – RDM will invest over 6 billion yuan opening 8 more luxury outlets in China under the brand name of Florentia Village in the next five years, said Maurizio Lupi, the Italian fashion retailer's president of Asia division. A Shanghai flagship store costing 1.5 billion yuan will be opened in Q3 2014, and the planned 8 will be located in Guangzhou, Chengdu, Chongqing and smaller cities by 2018. Its first Florentia Village store in China was opened in Tianjin in June 2011, and its revenue topped 1.6 billion in 2012 and is expected to rise 20% in 2013.
July 26 – Yum Brands (NYSE: YUM) said it sticks to its target of opening 700 KFC and Pizza Hut restaurants in China this year despite a tainted chicken scandal late last year and the bird flu scare in April and May.
July 25 – Bally partnered with CDNetworks to optimize its Chinese website, Bally.cn, to better serve Chinese consumers, Inside Retail Asia reported. The Swiss luxury leather goods retailer launched the Chinese domain in 2011.
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