All China articles – Page 24
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NewsRetailers set sights overseas for sales boost
Two thirds of British retailers expect their overseas sales to increase over the next five years and name Germany as the market most likely to provide growth.
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News
Toys R Us opens first China store
Toys R Us has opened its first stores in Northern China at two locations in Beijing.The retailer is expanding aggressively in the region after buying a majority stake in its Greater China and Southeast Asia business from Li & Fung in October. Two more shops will open next month.The retailer ...
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AnalysisCarrefour must focus on most dynamic markets
Carrefour’s second-quarter results remained in line with the first quarter as the retailer posted turnover down by 0.4% to j21.71bn (£17.03bn), excluding petrol and at constant exchange rates.
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Best Buy to relaunch Best Buy Mobile brand in China
US retailer Best Buy is to relaunch its Best Buy Mobile brand in China, more than a year after closing all of its stores.The company plans to sell mobiles through its retail subsidiary Five Star.A spokesperson said the target audience will be white-collar workers with disposable income.
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Macy’s acquires minority stake in online retailer VIPStore
US department store group Macy’s has acquired a $15m (£9.5m) minority stake in Chinese online retailer VIPStore. Macy’s will sell its merchandise to Chinese consumers through a dedicated section on the website. The initiative will allow Macy’s to “test the waters a little bit and learn”, said chief financial officer ...
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AnalysisWhy are so few Chinese retailers entering the UK?
With China’s economic power continuing to swell it’s perhaps surprising that more Chinese retailers haven’t made their way to the UK.
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NewsChinese retailer Bosideng's first UK store set to open
Chinese clothing retailer Bosideng is to open its first store in the UK this summer.
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Seven & I to set up two holding companies
Convenience store operator Seven & I is to set up two holding companies to accelerate decision-making and new store openings.The subsidiaries are to be established by the end of the year and will be in charge of overseeing the convenience and supermarket operations.
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NewsPaul Smith re-enters China
Paul Smith will return to China later this year as it plans to open 24 stores in the next five years in its second attempt to crack the country.
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AnalysisHow to attract international shoppers
As a big summer of tourism approaches, Alison Clements finds out why the UK has such appeal to international shoppers, what they like to buy and how retailers can attract them.
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NewsFresh & Easy chief operating officer joins Tesco Turkey
Fresh & Easy chief operating officer Jeff Adams has changed roles and is now leading Tesco’s Turkish business.
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Toys R Us to launch transactional website in China
Toys R Us is to launch a transactional website in China. The retailer has signed an agreement with Fireswirl Technologies, which will provide online operations for its 60 stores in Greater China including its Taobao flagship store.At present, Toys R Us has a Chinese website providing product recommendations.
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OpinionTesco’s revival relies on getting basics right
At one point in the run-up to Wednesday’s announcement by Tesco chief executive Philip Clarke, it seemed he would be left with little to say.
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Analysis
Analysis: Retailing in China
The growing economic powerhouse is now the world’s biggest grocery market, and where the supermarkets go, others are following.
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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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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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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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News
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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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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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.