July 12 – Yum Brand (NYSE: YUM) said its sales revenue dropped 10% year on year in China in June, better than the 19% decline in May following fading poultry supply and bird flu scares. Overall Q2 earnings per share fell 16%, dragged down by the Chinese market where its same store sales fell 20%. Yum said it remains on track to open at least 700 new restaurants in China this year.

July 12 – FamilyMart said it plans to operate 4,500 stores in China by 2016. The Japanese convenience store giant opened 176 stores in China 2012, down 30% from 2011. It was operating 984 stores in the country as of the end of May 2013, most of them in Shanghai.

July 11 – Wyeth reduced its infant formula prices by an average of 11% in response to China's antitrust and price fixing investigation into a number of domestic and foreign brands. Separately, Abbott Laboratories (NYSE: ABT) said it will cut prices by 4-12%.
Source: Linkshop.com.cn

July 10 – China's 50 largest retailers saw their combined revenue rise 13.5% year on year in June, the second fastest growth so far in 2013. In 1H 2013, their revenue was up 11% year on year, 0.3 percentage points faster than in 1H 2012.
Source: CNCIC

July 9 – China's consumer price index rose 2.7% in June from a year earlier, 0.6 percentage points faster than the rate recorded in May. Food prices, which make up one-third of the inflation basket, were up 4.9% from a year earlier, 1.7 percentages points faster than in May.
Source: National Bureau of Statistics.

July 9 – China is home to the world's largest online shopper population with 242 million, and the nation's online spending on luxury items is expected to total 27 billion yuan in 2013 and 45.3 billion yuan by 2015.
Source: ObserverSolutions

July 8 – China's retail market is expected to continue being sluggish into 2H 2013 as the new leaders appear to accept a relatively low economic growth rate between 7% and 7.5%, unless policies are rolled out to spur consumer spending. China's high-end gift and banquet markets collapsed late last year as the new leadership called for anti-corruption and frugality.
Source: CPYI

July 8 – China's online shopping industry is expected to generate $256.8 billion in 2013. Industry revenue has been rising 65.9% over the past five years due to booming e-commerce.
Source: IBISWorld

July 5 – Sales of 15 major restaurant operators in Beijing fell 36.4% year on year in the first 5 months of 2013, while total restaurant bills in the city fell 5.6% year on year during the same time, which was the first decline in history.
Source: Xinhua

July 5 – H&M opened its 6th store in Chongqing and will open its 4th store in Nanjing, Jiangsu on July 18. The Swedish clothing retailer opened 14 stores in China in 1H 2013 and said new openings in China will exceed last year's 45.
Source: Linkshop.com.cn

July 4 – The number of shopping malls in China will reach 4,000 by 2015, up from 3,000 (200 million square meters in floor space) in 2012.
Source: China Chain Store & Franchise Association

July 4 – Revenue from the 20 largest convenience store operators in China rose 28% in 2012, with same store sales growth up 17% and the number of new openings up 17%.
Source: China Chain Store & Franchise Association

July 4 – China's retail sector attracted $1.91 billion in foreign direct investment in 2012, up 5.5% from 2011. Foreign retailers saw their combined revenue rise 6% in China in 2012, with them responsible for 35% of total sales of fast moving consumer goods.
Source: Ministry of Commerce

July 4 – Tmall.com continued to dominate China's B2C market in 2012, with gross merchandise value surging 91.4% to 207.2 billion yuan. JD.com's 66 billion yuan and Suning.com's 18.8 billion yuan came in second and third, up 113.6% and 147.3% respectively from 2011.
Source: iResearch

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