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Retailing

China has seen a drop in consumer spending on luxury goods, a reflection of broader economic anxieties. Photo: AP

China’s luxury market loses shine as Bain study shows spending decline

China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.

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Hong Kong customs seizes 1.3 tonnes of meat, live crabs in smuggling crackdown

Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

A pedestrian walks by an advertisement promoting Tmall’s Double 11 shopping promotion in Shanghai. Photo: VCG via Getty Images

Vietnam threatens to block Chinese retailers Shein and Temu over licences

Fast-fashion retailer Shein has been selling to Vietnam for at least two years. Temu began allowing users in the country to shop last month.

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Think the Japanese are all super polite? Not their shoppers

An increase in abusive customers, which in extreme cases has driven workers to suicide, is seeing some Japanese companies take a stand.

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From Ikea to Muji, foreign brands still bet big on Chinese consumers

Lifestyle-product retailers are investing in new stores in China, as richer consumers continue to splurge on quality imports.

Ikea and other global lifestyle-goods retailer are opening new stores in China. Photo: AFP

Alibaba gives sellers a sweeter deal as Singles’ Day switch-up bears fruit

China’s largest e-commerce firm was slipping in the war for consumers’ wallets. Then it reshaped its relationship with merchants.

L’Oreal strengthens China supply chain to reduce risk of disruption

‘We are working on this programme of localisation, trying to produce as much as we can, where we can in China,’ executive says.

5 can’t-miss shopping opportunities in Hong Kong this weekend

Mall puts on fun for its soft opening, a much anticipated sneaker collaboration hits shelves and a Hong Kong jewellery brand has a new line.

The Nike x Wu-Tang Clan Dunk, out November 9, is just one of the exciting shopping opportunities in Hong Kong this weekend, along with the soft-opening of a huge mall in Wan Chai, and Clinique’s new line of skincare products in partnership with Hello Kitty. Photo: Nike

Bulgari banks on Chinese consumers to fuel luxury growth as economy improves

The Italian fashion brand in the LVMH stable bets on a recovery in the next two years with a plan to open more mainland stores.

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Bulgari goods on display at the China International Import Expo in Shanghai. Photo: LVMH

Income, job woes still weigh heavy as China targets consumption in 5 key cites

Events will take place in Shanghai, Beijing, Guangzhou, Tianjin and Chongqing in November to coincide with China’s annual Singles’ Day event.

Apple offers Indonesia US$10 million sweetener to reverse its iPhone ban

Indonesia’s iPhone ban is an example of the pressure Prabowo Subianto’s government is putting on multinationals to boost local manufacturing.

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UK lawmakers could question Shein over workers’ rights early next year

Ahead of a possible London listing, UK trade committee will also look at how to ensure protection against poor labour standards overseas.

People walk past an ad for online retailer Shein in London, UK. Photo: Reuters

Alibaba’s Black Friday alternative hits US with AliExpress Singles’ Day sales

Alibaba’s international e-commerce platform is kicking off Singles’ Day sales in the US on Friday and runs through November 18.

AliExpress is pushing Singles’ Day sales in the US with major promotional events for the first time this year. Photo: Shutterstock

Shein touted as model unicorn in China’s ‘new quality productive force’ push

Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading.

China’s price-conscious shoppers, hungry for luxury goods, jump on weak yen

Chinese shoppers are opting to make purchases of luxury goods outside China, helped out by sustained depreciation of the Japanese yen.

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Hong Kong retail sales fall for seventh straight month on year-on-year basis

Provisional figures show sales of HK$29.6 billion in September, down 6.9 per cent year on year.

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Hong Kong’s retail outlets have been struggling for months, Photo: Nora Tam

Apple’s China sales continue to fall despite Cook’s charm offensive

The iPhone maker has continued to struggle in China despite growth elsewhere, with sales in the market down 7.7 per cent over 12 months.

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4 ballet flats to channel your inner dancer, from Jimmy Choo to McQueen

Fashion ‘It’ girls such as Zoë Kravitz and Gigi Hadid are just 2 celebrities who love the comfy ballet flat – incorporate the footwear style into your own wardrobe with the help of these brands

China’s Zhejiang province rolls out platform to grow cross-border e-commerce

Zhejiang’s new e-commerce service platform expects to serve 15,000 enterprises within the next three years.

The Zhejiang provincial government’s latest initiative reflects the increased importance of overseas markets for China’s e-commerce sector. Photo: Shutterstock

Temu’s debut in Vietnam faces scrutiny after Indonesian ban

The Chinese bargain shopping site is accused of operating in Vietnam without government approval, according to local reports.

Temu is an e-commerce platform owned by PDD Holdings. Photo: Reuters

Malaysians decry Halloween overshadowing Diwali in date clash of festivals

Halloween’s rising popularity in Malaysia has sparked calls on local businesses to prioritise local festivities over imported celebrations.

China’s Miniso aims to expand to 10,000 shops by 2027 in global push

Retailer sees US and Europe as key markets as sales in stores outside mainland China notch 43 per cent growth.

China smartphone market on track to post first annual sales growth in five years

Domestic smartphone sales rose 2.3 per cent year on year in the September quarter, reinforcing market forecasts of a low single-digit increase in 2024.

Apple’s iPhone 16 series saw more than 70 per cent of domestic sales come from the Pro and Pro Max models as of October 8. Photo: Shutterstock

Alibaba’s Singles’ Day sales see strong demand for designer toys, pet products

Popular merchandise this year include niche products like Jellycat, a British soft toy brand that is gaining popularity among young Chinese.

An ad for a Tmall Singles’ Day shopping carnival is broadcast at a subway station in Shanghai, October 15, 2024. Photo: CFOTO/Future Publishing via Getty Images

Hong Kong’s office market to trail recovery in residential, retail properties

Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.

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China counts on sales season to coax cautious consumers into spending spree

Singles’ Day – China’s largest retail event – began early this year, prompting record courier activity as consumers pounce on deals.

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Retailing
Latest news and features on retailing with a particular focus on Hong Kong, mainland China and Asia, covering consumer goods and services, retail strategies, shopping habits, sales results and trends.
last updated:
9 September, 2024
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