China retail sector
China’s FMCG sector sees ‘soft recovery’: report
China’s FMCG sector sees ‘soft recovery’: report
The sector saw a 1% growth in the first nine months of 2023.
InCity Chongqing opens in city’s tallest tower
The retail mall is home to over 200 brands.
DFS to open 7-star luxury retail, entertainment destination in China
It is projected to see around 16 million visitors per year by 2030.
Overall retail vacancy in China’s 16 major markets down to 11.01% in Q2
Brands are opening their first stores or are accelerating their expansion in China.
Customised, interactive experience key to attracting customers
Brands should offer personal touchpoints to customers, amongst others.
Nearly 3 of 4 Chinese shoppers willing to switch to more sustainable brands
This is more common amongst younger consumers.
Consumer spending in China to see ‘steady growth’
Spending is projected to grow by 6.5%YoY in 2023.
China’s wine market to grow 11.5% between 2021-2026: report
This comes as its economy rebounds.
Weekly News Wrap: India e-commerce firms ramp up hiring; US-based investor eyes IPO for $2.5b India mall portfolio
And Yonghui Fresh Food is planning to raise $120m before its Hong Kong IPO in 2023.
Shenzhen’s retail market supported by government initiatives: report
The outbreak is still slowing down the city’s retail recovery.
Watsons China rolls out Health Care Zone in over 1,200 stores
The Health Care Zone will also be accessible online.
NIKE net income slips by 5% in Q4
Its sales were dragged by its Greater China market.
Chinese consumers buy more high-end imported products: report
They are buying mobile phones, appliances, and beauty products from international brands.
China possible ideal market for cashier-less technology: report
The number of machine-to-machine connections has skyrocketed in four years.
L’Oreal achieves carbon neutrality across all North Asia sites
This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan.
Shenzhen’s retail market face concerns despite expansion
Retail sales of consumer goods fell in the first quarter.
China’s FMCG retailers must compete amidst growing digitization: Bain
Retailers must focus on categories that continue to have low online penetration.
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