All China articles – Page 26
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News
Uniqlo stores to sweep China
Clothing giant Fast Retailing has revealed that its Uniqlo International division plans to accelerate the pace of new store openings in Greater China from 32 stores in 2011 to 80 in 2012. The first Uniqlo shop is scheduled to launch in the Philippines in June this year and the retailer ...
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Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.Walmart highlighted it has no plans at present to enter Russia but said it would ...
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News
Japanese convenience store Lawson to expand in China
Convenience store operator Lawson has unveiled plans to step up its expansion in China. At present the retailer has 335 shops in the country and the intention is to have 10,000 by 2020. Lawson may consider an acquisition to rapidly increase its store network.Like other Japanese convenience store players, Lawson ...
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Apple plans greater China investment
Apple plans to invest more in China, the retailer revealed following a visit by chief executive Tim Cook. China is Apple’s second-largest market after the US.However, it has just six stores open in the country, significantly fewer than the 25 projected for 2012 by former head of retail Ron Johnson ...
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Pharmacy operator Nepstar reports sales growth
Pharmacy operator Nepstar’s sales grew 5.7% to Yn2.5bn (£248m) in the 2011 financial year. Like-for-like sales rose 8.7%year on year and net income soared 118% to Yn35.9m (£3.56m). The retailer said the sales rise was due to optimisation of the merchandise mix, diversification into non-pharmaceutical categories in the first half ...
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OpinionChina's rise could test retail's CSR credentials
China has overtaken the United States as the world’s biggest food and grocery retail market. It is a significant milestone, and underscores the importance of this market to international retailers as the world continues to shrink and home markets stagnate.
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NewsChina becomes world's largest grocery market
China has overtaken the US as the world’s largest grocery retail market.
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News
Neiman Marcus to expand into China
US-based luxury department store operator Neiman Marcus will expand into China by the end of 2012. It will invest $28m (£17.6m) in local ecommerce company Glamour Sales Holding, supporting its existing flash sales sites and building a new online business. Glamour Sales Holding was founded in 2009 and operates Glamour-sales.com.cn ...
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News
QVC to enter Chinese market
US-based QVC plans to enter the Chinese market by acquiring a 49% stake in a joint venture with China National Radio’s home shopping TV channel, CNR Mall TV. The Chinese station reaches about 35 million households in the country and will hold the remaining 51% in the joint venture, which ...
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NewsAsda names new marketing boss as Bendel turns focus to Walmart
Asda has appointed Stephen Smith as its new chief marketing officer replacing Rick Bendel.
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News
Walmart to consider China expansion
Walmart may consider acquiring local retailers in China as it expands into new regions. Walmart International chief financial officer Cathy Smith said: “There are whole provinces in China that we haven’t even begun to think about.”However, she added that acquisitions are generally Walmart’s least-preferred way of growing because they are ...
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News
Aeon to set up China headquarters
Japan-based Aeon is to set up its China headquarters in Beijing. The retailer is likely to expand its business operations in the country and diversify into property development, general financial services, speciality stores and supermarkets. President Motoya Okada said: “We aim to entrust local executives with management decisions.”Given the sluggish ...
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News
Metro’s cash and carry operation to launch online shop
Metro’s cash and carry operation in China is to launch an online shop for local business customers later this year. The assortment will include mainly ambient products although the business also plans to add non-food ranges in the future. In addition, the retailer intends to open at least 10 cash-and-carries ...
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NewsLeahy to raise $750m for Chinese shopping mall venture
Former Tesco chief executive Sir Terry Leahy plans to raise $750m to launch his Chinese shopping centre venture.
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AnalysisHow can IT drive international expansion?
How can retailers expanding into new international territories ensure sales aren’t hampered by IT headaches? Alison Clements reports on how EPoS systems can be rolled out globally.
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NewsHeathrow reports record retail sales
Heathrow Airport has reported a record retail sales of £1.7bn.
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News
Metro Group to expand in China
Metro Group’s cash and carry operation in China plans to open at least 10 stores during 2012.Metro China is also piloting a trader support solutions programme to provide customised service tools to local independent small and medium-sized traders.Based on the pilot launched in Shanghai in 2011, Metro is testing the ...
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AnalysisLondon 2012: will retailers benefit?
You don’t need a ticket to gain extra sales from this year’s Olympic Games but, as Mark Faithfull reports, not all retailers stand to benefit from the events taking place in the UK this summer.
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AnalysisWalmart plants flag with Chinese ecommerce site
Walmart has unveiled plans to take a majority share in fast-growing Chinese ecommerce website Yihaodian.com, cementing its commitment both to ecommerce and international investment in the growing Chinese market.
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AnalysisProfile: Kevin O’Byrne
Kingfisher’s group finance director has made the leap to B&Q divisional chief executive and his experience should add drive to the DIY retailer. Nicola Harrison reports.