Italian luxury house of Valentino has celebrated the opening of its new flagship store in Shanghai with a capsule collection – Collection Shanghai 2013. Second in size only to the Milan flagship, the Shanghai store opened November 14 at IAPM Mall in Huai Hai Zhong Road. The two-story flagship, designed by architect David Chipperfield, brings the spirit of the Venetian palazzo to a more intimate scale.
Walt Disney Co. announced plans for retail complex in Shanghai, the company's first store in mainland China.
Lane Crawford opened its China flagship store in Shanghai on Thursday, a 150,000-square feet one-stop luxury fashion and lifestyle destination at Times Square.
Featuring 500 international brands across women's fashion, beauty and fine jewellery, menswear and home and lifestyle, it is the most extensive international luxury and designer brand portfolio available in Greater China.
It is also the largest store in Lane Crawford's portfolio, which now totals eight stores in Greater China. The store represents a CNY400 million (USD65.3 million) investment from the company.
US clothing retailer Gap Inc. is going to bring a new brand into China by opening the first Old Navy store in Shanghai and launching an e-commerce site in the first half of 2014, the company said on 22 Aug.
The first store will be located in one of the city's busiest shopping and entertainment areas.
GNC Holdings, Inc., the US-based specialty retailer of health and wellness products, on Monday announced that it is expanding its retail presence in China by opening the first stand-alone GNC store in Shanghai. The first stand-alone location opened yesterday in Raffles City, one of Shanghai's prime retail and office space locations.
The move complements GNC's existing marketing footprint in the world's largest consumer market. The company plans on opening an additional 25 locations in China within the next 12 months.
Shelves stacked to the ceiling with low-price hot sauce, Barbie dolls, and noodles stand near tanks where shoppers can fish out live sea bass for dinner. Welcome to RT-Mart, China's version of Wal-Mart Stores Inc.
Hong Kong, Singapore, Shanghai, Beijing and Tokyo are among the top 20 cities where international retailers have the largest presence, according to the 2012 edition of How Global is the Business of Retail? by global property adviser CBRE.
UBER, the US-based mobile rental service for cars with drivers, has grown faster during its trial operation in Shanghai than in other cities where it is established, company officials said.
Four out of five individuals in Shanghai have bought at least one luxury item in the last 12 months, spending on average around USD1,000 on their last purchase, or twice more than the USD500 New Yorkers spent for their last luxury purchase, a new study shows.
ContactLab's Luxury Digital Behaviour Study also reveals that in Shanghai, 25 percent of those intending to make a purchase in the next year said their next bag acquisition will be a gift, spending in total (for themselves or for someone else) as much as USD1,700.
China’s consumer market boomed during the first days of the Lunar New Year holiday despite falling luxury gift sales, according to the Ministry of Commerce.
Sales of luxury gifts such as expensive alcohol and rare seafood, which are sometimes sent as gifts to officials during the holiday, have fallen sharply.