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| Thursday, May 01, 2008 17:08:37 |
China Retail NewsWith 1.3 billion consumers China's retail industry is booming and for those who wish to enter China's retail market, China retail news is absolutely essiential for success. Each day new malls and shopping centers open creating a rapidly changing and competitive China retail landscape. EKveryday there is news of the latest western brands opening new retails spaces. These annoucements alone create a torrent of China retail news but that doesn't even include the infinite numbers of local competitors who compete in China's retail market. Local chinese retailers are fierce competitors and they are very good at using the local media to promote their latest sale or offerings. China consumers avidly check China retail news for news of the biggest sale or introduction of new products. So while China retail news is an excellent source for competitive intelligence it also serves as an excellent marketing channel. Retailers who learn to effectively manage their brand in the world of China retail news are much more likely to be succesful in the world of China retailers. The recent boycott of Carrefour is an excellent example of how a brand can be damaged if management does not pay attention to how their brand is being portrayed in China's retail news. Good communication with major sources of China retail news is imperative when managing ones brand.
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