July 3 – Macy's (NYSE: M) will open a department store in Xujiahui, a leading business district in Shanghai.
Source: Xuhui district government announcement

July 3 – China has 214 million online shoppers, more than any other country in the world. They are expected to spend $1,000 online on average per year by 2015, the current level in the US.
Source: IGD

July 2 – Chow Tai Fook (HKG: 1929), a Hong Kong-based jeweler, said it plans to open 200 stores on the mainland this year, particularly in tier-3 and tier-4 cities.
Source: Bloomberg

July 1 – American lifestyle brand Hollister opened its 5th store in mainland China in Beijing. CFO Jonathan Ramsden said it will open more stores in the China, without specifying details.
Source: Inside Retail Asia

June 29 – Walmart (NYSE: WMT) Sam's Club opened its 10th store in China in Suzhou, Jiangsu. The store covers 20,000 square meters and offers 4,300 goods, of which 29% are imported.
Source: Linkshop.com.cn

June 28 – Muji, a Japanese household and consumer goods retailer, opened its first store in Guangzhou, Guangdong. Half of the goods at the 850-square-meter store are clothes and the remaining half are stationery and gifts. It is Muji's 75th store in China after opening 9 so far this year. It plans to increase the number to 105 by the end of 2013.
Source: Linkshop.com.cn

June 28 – Hong Kong-based cosmetics retailer Sa Sa International (HKG: 0178) said it would halve new openings in mainland China where it is suffering losses. It now plans to open 20 new stores with each ranging from 1,000 to 1,600 square feet on the mainland by March 2014, bringing the total number to 75.
Source: Retail in Asia

June 28 – British womenswear brand Whistles is expanding into China and Hong Kong through partnership with department store Lane Crawford. Whistles will open new stores at three Lane Crawford stores in Hong Kong and Shanghai in August. The openings in China are the latest international move after Paris, Berlin and Moscow.
Source: Inside Retail Asia

June 28 – H&M opened just 14 stores in China in 1H 2013, less than one-third of those opened last year. But the Swedish fashion retailer said it will speed up opening in China in the fall and the total new openings in the country this year will exceed last year's 45.
Source: Linkshop.com.cn

June 27 – Revenue from China's 50 largest retailers rose 10.6% year on year in May; the growth rate was 5.2 percentage points slower than in the previous month. The growth of clothing sales revenue rebounded to 3% year on year in May while clothing sales volume rose 6% year on year as heavy discounts spurred business.
Source: Cncic.org

June 27 – Japanese convenience store chain FamilyMart said it will open its first store in Wuxi, Jiangsu by the end of 2013 and plans to increase the number to 100-120 in the city over the next 5 years.
Source: Linkshop.com.cn

June 26 – JD.com aims to increase its annual gross merchandise value to 100 billion yuan by the end of 2015, according to its vice president Yan Xiaobing. Yan said JD has attracted over 100 million accounts, with over a million orders a day.
Source: China Tech News


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