August 23 – Starbucks (Nasdaq: SBUX) won the 2013 Best Employer award in China as it has made a presence in over 900 Chinese communities. The coffee company said it plans to increase its employees in China to 30,000 in the next 2 years from currently 12,000.

August 21 – Gross merchandise value of China's online retail market jumped 47.3% year-on-year to 754.2 billion yuan in 1H 2013, accounting for 6.8% of the total retail sales, according to the China E-Commerce Research Center. The amount is estimated to be 1.7 trillion yuan for the full year.

August 21 – Alibaba's captured a 50.4% share of China's B2C gross merchandise value in 1H 2013, according to the China E-Commerce Research Center. and came in second and third, with a 20.7% and 5.7% share respectively. The top 3's combined market share has risen to 76.8% from 71.9% a year earlier.

August 20 – Best Buy (NYSE: BBY) said in a quarterly report that consumer demand in China increased driven by its special offers, without revealing exact numbers. The discounts in China also dragged down its international gross margin by 1.5 percentage points to 22.3%.

August 20 – Metro AG reopened a store in Shenyang it suspended operating 2 days ago. The German retailer opened 12 stores in China in 2012, doubling the pace in the previous years; it plans to open at least 13 stores in the country this year. Its revenue from China amounted to 1.89 billion euros in 2012 and is expected to reach 3.78 billion euros by 2020.

August 19 – Suning (SHE: 002024) said that it planned to offer 100 million yuan of discounts for its 4th anniversary marketing campaign starting August 18. Sales at Suning's online and offline shops surged 200% on August 15 from a year earlier.

August 18 – Spanish fashion brand Mango plans to open its first megastore in China in Shanghai by the end of the year, China Retail News reported. The megastore spanning 500-1,500 square meters will offer Mango's latest fashion products.

August 16 – Tesco opened its 9th store in Shenyang, Liaoning province. It is the British retailer's 19th store in the province.

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.
@2017 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate