All China articles – Page 26
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OpinionArgos will have to fight in China
Back in the summer, at the time of Home Retail Group’s full-year results, I asked Terry Duddy whether international expansion might make sense for Argos.
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OpinionInternational growth remains a priority for retailers
Very few retailers today can boast a slot on the global retail rankings without in fact having an international presence.
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News
Chinese authorities investigate copycat Apple stores
Chinese authorities in the southwestern city of Kunming have launched an investigation of electronics stores after media reports said one retail outlet seemed to be copying Apple’s store format.The inspections follow media attention around a Kunming store that appeared to be nearly identical to Apple’s highly stylized Apple Stores, including ...
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News
Carrefour increases stakes in China
Carrefour has agreed to increase its majority stakes in three hypermarket operators in China, the retailer said in a statement. Carrefour will buy out Taiwan-based partner President’s 20% holding in Guangzhou and 45% stake in Tianjin Jiafu.It will also increase its holding in Chongqing to 65% from 55%.
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News
Aeon plans China expansion
Japanese retail group Aeon expects to have a minimum of 2,000 stores in China by 2020
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AnalysisHow can retailers crack China?
China is now the second biggest economy in the world. Rebecca Thomson looks at the numbers and considers how retailers can reap rewards from this global superpower.
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AnalysisWalmart China takes a hit as two top executives quit
Walmart has said that two senior executives at its Chinese operation, chief financial officer Roland Lawrence and chief operating officer Rob Cissell - formerly of B&Q and Robert Dyas - have resigned.
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NewsBurberry plots store refits and international flagship openings
Luxury retailer and brand Burberry is to plough £80m into store refurbishments this year and focus on high-profile flagship openings after reporting a surge in profits.
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NewsTesco brings Turkey COO home to lead superstores
Tesco has brought its chief operating officer in Turkey back to the UK as part of group chief executive Phil Clarke’s plans to bolster the lacklustre UK division.
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Analysis
Gap needs fresh approach to reverse domestic fall
Gap chief executive Glenn Murphy has given himself five months to stop years of bleeding at the eponymous brand.
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NewsWalmart China suffers double departure
Walmart’s China business has been hit by the sudden resignation of two senior executives.
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AnalysisWalmart acquires stake in Chinese online grocer
As part of its commitment to grow online sales globally, Walmart has reached an agreement to acquire a minority stake in Yihaodian, an online supermarket in China.
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NewsHarrods and Harvey Nichols call for relaxation of Chinese visa restrictions
The bosses of Harrods and Harvey Nichols have again called on the government to make it easier for high-spending Chinese shoppers to visit London by relaxing visa restrictions.
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NewsOverseas helps Clarks profits to break £100m
Clarks’ group pre-tax profit has topped £100m for the first time in its 185 year history despite a “challenging” UK market.
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AnalysisBest Buy returns to the basics in its bid for growth
Electronics retailer Best Buy has struggled of late and has outlined three new strategic priorities, which it believes will help it capture new growth opportunities in key categories and channels, fund growth efforts through structural opportunities and improve returns.
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NewsTesco joint venture builds momentum in China
Tesco has signed a new joint venture to create three more Lifespace malls in China, an initiative welcomed by the City as evidence of building momentum in the country.
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News
Best Buy to close all Best Buy-bannered stores in China and Turkey
Electricals giant Best Buy is to close all Best Buy-bannered stores in China and Turkey, as well as its headquarters in Shanghai. The move is aimed at saving some $70m (£43.4m) by fiscal 2013. The retailer said its future plans in China would focus on its Five Star operations - ...
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NewsHarrods rolls out UnionPay to pull in Chinese shoppers
Harrods, the iconic department store, is from today accepting domestic Chinese debit and credit card UnionPay in a signal of the growing importance of Chinese shoppers’ spending power to the luxury retail sector.
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AnalysisNRF: Polar opposites
The big topic at this year’s NRF convention was the polarisation of global retail. Joanna Perry reviews the key themes, while on page 24, Rebecca Thomson examines the top technological innovations on show