China
China’s luxury market up 12% YoY in 2023
However, it has not yet fully recovered to 2021 levels.
Domino's Pizza China's 10 new stores achieve record first 30-day sales
DPC Dash now holds 17 of the 20 top Domino's stores worldwide.
JD.com inks deal with UK’s Evri for growth of European brands in China
The partnership will allow British and European products to over 600 million users in China.
Rue Madame enters Mainland China
The Rue Madame store will feature new selections of lifestyle luxury items every week.
PUMA, Tencent ink deal for innovative e-commerce business model
Both companies will combine their resources for the growth of the PUMA brand in China.
Harbin is China's most popular destination for retail, travel
The winter season in the city experienced a 100 times growth in travel and shopping.
China-based beauty retailer USHOPAL invests in fragrance brand DOCUMENTS
It marks the first equity investment of USHOPAL for a major Chinese brand.
Hermès expands China footprint with new Wuxi store
The 34th store in China presents a unique architecture referencing the landscape of the region.
Diageo China emerged victorious at the FMCG Asia Awards, clinching Digital Marketing Strategy of the Year - China
In China, Johnnie Walker Blue Label's innovative digital marketing campaign was named the best of the year.
Domino’s Pizza expands China franchise with 10 new stores
DPC Dash reaches a milestone with openings in Xiamen, Yangzhou, and other mainland cities.
Wolverine Worldwide sells stake in China Merrell, Saucony JV
The sale is valued at $61m.
KFC reaches 10,000th store milestone in China
The iconic fast food chain has a strong 36 years of growth in the Chinese market.
COP28: Alibaba Group reveals green initiatives including using AI to reduce packaging materials
The e-commerce firm seeks to reduce packaging materials by 15%.
JD Worldwide begins “Bayern Selectives Pavilion” for cross-border e-commerce initiative
The initiative will bring Germany-based products to Chinese online consumers.
E-commerce leads China’s FMCG market with 4% YoY in Q3
Smaller formats such as super/mini and grocery stores are also gaining traction.
China’s FMCG sector sees ‘soft recovery’: report
The sector saw a 1% growth in the first nine months of 2023.
JD Logistics achieves a 70% growth in overseas orders during Black Friday
AI and automation helped propel sales for the China-based e-commerce channel.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. 6 in 10 Gen Zs prioritise user experience and trustworthy reviews 2. Here are key consumer trends influencing pet care sales in 2024 3. South Korea’s Paris Baguette opens first Philippine store 4. Millennials and Gen Zs drive surge in demand for RTD iced coffee 5. What drives Australia's retail transformationAwards
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