All China articles – Page 22
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News
Galeries Lafayette to open first Chinese store
Galeries Lafayette is to open its first Chinese store in the Xidan commercial district of Beijing in September. It will occupy six floors and cover 516,000 sq ft.Beijing Galeries Lafayette managing director Shen Lang said the store will offer young Chinese shoppers “quality, innovation and uniqueness”.
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Decathlon to open 25 stores in China
Decathlon plans to open 25 stores in China this year, and aims to have 150 in the country by 2015. In Guangzhou, the retailer expects to have 20 stores within two years. At present, it has 56 shops in China.Decathlon recently opened its third store in Guangzhou, Guangdong province. Sited ...
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NewsMarks & Spencer missing its Chinese sales targets by up to 30%
Under pressure retailer Marks & Spencer is missing its sales targets in China, which it has identified as a key market for international growth, by as much as 30%.
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AnalysisInternational analysis: Media Markt exits China as ecommerce dominates
Metro’s Media Markt consumer electronics business has said it will pull the plug on its two-year-old venture into China, due to lessons learnt from a “test phase” that ended in December.
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Aeon opens first MaxValu supermarket in China
Japanese retailer Aeon has opened its first MaxValu supermarket in China. The new shop is in Guangzhou and Aeon plans to open 30 branches annually from 2014, to reach 200 by 2020.MaxValu supermarkets will primarily sell food and feature mostly local products, with only 5% imported from Japan.Aeon plans to ...
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AnalysisAnalysis: Challenges faced by UK retailers in the Chinese market
China remains high on retailers’ expansion agendas but few have cracked the country. Caroline Parry finds out
what strategies are likely to lead to Chinese success. -
OpinionComment: Chinese retailers need to raise their UK game
Bosideng, the Chinese retailer with thousands of shops in its home country, opened its first UK store last year.
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GalleryStore of the week: G-Star Raw, Shanghai
Denim brand G-Star Raw has continued its relentless global expansion with the opening of a second store in Shanghai.
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GalleryStore gallery: Shanghai takes store design to the next level
The Chinese city may have many familiar retailers but the stores take things to a new level.
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NewsChinese visa changes set to add £1.2bn to UK economy
The UK China Visa Alliance (UKCVA), which is spearheaded by firms including New West End Company, London First and Walpole British Luxury, believes the move to streamline Chinese Visa policy could provide a £1.2bn boost to the UK economy.
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News
Media-Saturn’s Chinese expansion suffers a blow
Metro Group-controlled electronics retailer Media-Saturn’s Chinese expansion plans suffered a blow after one of its investors revealed it will withdraw from a two-year trial because it believes the venture is reluctant to make serious investment in the country. Convergenta, the investment vehicle of billionaire Erich Kellerhals who founded the Media ...
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News
Amazon plans Kindle range launch in China
Amazon is thought to be planning to launch its Kindle ereader and ebooks range in China as early as this month. It is understood to have gained authorisation to sell five of its devices in China, and a Chinese user guide for the Kindle Paperwhite has also been launched. Last ...
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News
Walmart plans to open 100 more stores in China
Walmart plans to open 100 more stores in China, creating 18,000 jobs, in the next three years.The retailer said the new stores will primarily be Walmart Supercenters and Sam’s Clubs. Walmart also intends to focus on improving the performance of stores and supply chain efficiency.
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360buy has launches international website
Etailer 360buy has launched an international website aimed at foreign consumers.The English website on the en.360buy.com platform made its debut this month. The site will ship to 36 countries and offers almost 400,000 new products, many with free shipping.360buy chairman Liu Qiangdong said: “Anywhere in the world where DHL or ...
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AnalysisAnalysis: Chinese strategy rethink needed as shopper behaviour changes
Retailers in China will need to rethink their strategy in the country as consumer behaviour has started to change rapidly.
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AnalysisInternational news analysis: China’s online retail race brings risk and opportunity
There has been astonishing growth in the Chinese ecommerce sector over the past five years and it still has a promising future.
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AnalysisInternational analysis: Ikea cuts prices to tap into Chinese market
After reporting sales rose 21% last year to CNY5.4bn (£527.1m), Colin Renwick, deputy retail manager of Ikea China, said that the country will be one of Ikea’s best-performing global locations of fiscal 2012.
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News
Gap to open four Gap Outlet stores in China
The first shop was due to open on September 22 in Ningbo, followed by two in Shanghai and Tianjin.A fourth store is expected to open later this year at the Scitech Premium Outlet Mall in Beijing.Gap China president Redmond Yeung said: “As we continue to execute our expansion strategy in ...
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OpinionComment: Hamleys deal opens the door to overseas growth
This week’s acquisition of Hamleys, which famously describes itself as the “finest toy shop in the world”, paves the way for the retailer to test that claim on a truly global scale.
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News
Home Depot to close remaining big-box stores in China
US-based home improvement retailer Home Depot is to close its remaining seven big-box stores in China. However, it will keep a new formats team in the country to continue research and development. In addition, the retailer is retaining two recently opened specialist stores in Tianjin – a paint and flooring ...