August 15 – H&M opened its second store in Jinjiang, Fujian province. The Swedish clothing retailer will open more stores in China in August as it tries to operate 140 stores in the country by the end of 2013.
August 15 – Ikea opened its third store in Shanghai. The 55,000-square-meter mall is located in Baoshan district in the city's north. The Swedish home improvement retailer currently operates 14 stores in China, including 3 in Shanghai, 2 in Beijing and 9 in other major cities.
August 14 – Sales of 3C goods (computer, telecommunication and consumer electronics) at Chinese B2C sites totaled 53 billion yuan in 1H 2013, representing 17.7% of gross merchandise value of all B2C sites, according to a study led by the Ministry of Industry and Information Technology. JD.com, Tmall.com and Suning.com captured a combined 90% of share the B2C market of 3C goods.
August 14 – 20% of restaurants in China reported losses in Q2 2013, and 60% restaurants reported a sharp fall in profits, with some seeing a whopping 300% decline, according to the China Cuisine Association.
August 13 – Walmart (NYSE: WMT) opened a dispatch center in Wuhan, Hubei province in central China. The 32,700-square-meter facility is the US retailer's 6th in China after the ones in Shenzhen, Tianjin, Jiaxing, Guangzhou and Chengdu that serve almost 400 stores nationwide.
August 13 – Yum! Brands (NYSE: YUM) said revenue from its KFC restaurants in China fell 13% in July compared with a year earlier, and same-store sales dropped 16%. The decline was steeper than in June but slower than in May and April when a bird flu scare hit China.
August 12 – Dicos, a Chinese fried chicken chain, opened its 2,000th restaurant in Zhoushan, Zhejiang province. It opened its 1,500th restaurant in Q1 2013, meaning it opened 500 restaurants in less than 6 months. Dicos is stepping up expansion in China's largest cities as most of its business come from tier-2 and tier-3 cities.
August 12 – Total revenue of China's 50 largest retailers rose 9.2% year on year in July, the slowest pace in 5 months, the China National Commercial Information Center said. Retails sales of all consumer goods but jewelry dropped in July from a month earlier.
August 9 – China's retail sales grew 13.2% year on year to 1.85 trillion yuan in July, including 199.9 billion yuan in restaurant receipts, which was up 9.1% from a year earlier, the National Bureau of Statistics said. Between January and July, retail sales grew 12.8% year on year to 12.93 trillion yuan, including 1.38 trillion yuan in restaurant receipts, which was up 8.8% from a year earlier.
August 9 – Smartphone shipments surged 108% year on year to 88.1 million units in China in Q2 2013, making the nation the world's largest market with a 20% global share, according to Canalys data. Apple was kicked out of the top 5 in China in Q2 2013 as its share in China's smartphone market fell below 5% from 9% a year earlier.
August 9 – Adidas said its revenue from China rose 6% year on year to 781 million euros in 1H 2013; the growth rate was much slower than the 19% recorded a year earlier.
August 8 – Prada said China helped drive an 11.6% rise in its sales in the 6 months through July, Reuters reported. The Italian fashion retailer, which did not break out specific data for China, appeared to brush off warnings of cooling demand in China by Germany's Hugo Boss and France's Kering.
August 8 – Lawson opened its first store in Beijing. The Japanese convenience store chain said it plans to open 300 stores in the Chinese capital, without giving a timetable. It currently operates 368 stores in China, most of them in Shanghai, Chongqing and Dalian.
August 8 – French casual apparel brand Lacoste has opened an online store in China to take advantage of the nation's booming e-commerce market, Inside Retail Asia reported. Lacoste teamed up with with consultancy Accenture and commerce company Demandware to operate its online store.
August 8 – Intersport plans to work with China's New Huadu Group to open its first store in China, probably in Fuzhou, Fujian province by the end of August and to operate 100 stores there in 5 years. The Swiss sporting goods retailer's decision came as the industry in China faces headwinds, stiff competition and excess inventory.
August 7 – British retailer Tesco opened its 25th store in Shanghai. The new store, which spans 9,900 square meters including 3,000 square meters dedicated to fresh goods, offers 25,000 types of goods.
August 7 – Revenue from cosmetics totaled 96.3 billion yuan in China in 2012 after growing 20% annually over recent year, according to a report released by the Boston Consulting Group. This made China the world's third largest market after Japan and the US. The report expected China's cosmetics revenue to crack the 100 billion yuan mark in 2013. Foreign brands captured a 70% share of the market by revenue.
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