Growth of China's fast moving consumer market continued to decelerate in the first quarter of this year due to the slowdown of the economy and stiff market competition, a latest study shows.
Spending of China's consumer market increased 4.3 percent for the last 12 weeks ended March 20, lower from that of 6.1 percent over the same period a year ago, with lower tier cities leading with a 4.6 percent increase, consumer research firm Kantar Worldpanel said in its quarterly release last week.
Shanghai will encourage firms to establish national and global brands, especially in fashion and mobile internet industries.
The "brand economy" will attract talent, capital and information resources globally without depending on land and labour resources. It will help Shanghai establish itself as a global technology innovation centre, speakers said at the China Brand Economy (Shanghai) Forum during the China (Shanghai) International Technology Fair.
China's largest food retailers (supermarkets and hypermarkets) have suffered a torrid 18 months and will need to transform their offering in order to recover from declining growth, according to a new report from OC&C Strategy Consultants Greater China.
China's consumer inflation stayed flat at 1.4 percent in March, while producer prices fell slightly less than projected, official data showed on Friday, keeping pressure on profit margins at Chinese companies as Beijing struggles to stimulate growth.
Analysts polled by Reuters had predicted the March consumer price index (CPI) would come in at 1.3 percent, compared with 1.4 percent posted the prior month.
Walmart remained the best retail partner in China for consumer goods companies, although RT Mart is quickly bridging the gap with other home grown retailers and online retailers are also catching up, a latest study shows.
As many as 58.7 percent of respondents ranked Walmart in the top three places among other retailers, followed by 58 percent for RT Mart, according to Kantar Retail's annual China PoweRanking study which polled 450 executives from retail and FMCG companies.
China's retail sales grew 10.7 percent year on year to CNY4.8 trillion (USD779 billion) in the first two months of 2015, the National Bureau of Statistics said on Wednesday. The rate slowed from the 12-percent annual gain seen in 2014.
Minsheng Securities attributed the slowdown to China's anti-corruption drive, sluggish property sales, as well as the economic downturn's effect on public spending.
In breakdown, the catering sector reported an 11.2-percent year-on-year rise in revenues, while sales of other consumer products increased 10.7 percent.
The pace of Chinese inflation unexpectedly picked up in February, but producer prices continued to slide, underscoring the intense pressure on profit margins at Chinese companies and adding urgency to policymakers' efforts to find new ways to support growth.
The producer price index (PPI) declined 4.8 percent in February, the National Bureau of Statistics said on Tuesday – the most negative reading posted since Oct 2009 – extending a long-running factory deflation cycle that began in 2012 to nearly three years.
RetailWATCH: China Retail – Hypermarkets and supermarkets in China, the Fung Business Intelligence Centre
Hypermarkets and large supermarkets are expected to see sluggish sales growth in the coming year and store closures are set to continue, according to a new report released on Thursday.
Large-scale retailers need to increase efforts to accelerate format revamps and enhance customer experience. Embracing new technologies to provide a better quality, in-store experience is the key to attracting and retaining customers, the report of the Fung Business Intelligence Centre China Retail – Hypermarkets and supermarkets in China suggests.
Growth in China's retail sales during the Lunar New Year holidays slowed to 11 percent from 13.3 percent during the same period last year, the Ministry of Commerce said on Wednesday.
China's retailers and caterers posted sales of CNY678 billion (USD108.3b) over the Chinese New Year holiday period, between Feb 18 and Feb 24 this year, data from the ministry showed.
Expanding overseas is a priority for most e-commerce companies in China, a study on cross-border commerce shows.
The survey, undertaken by Rackspace, revealed that many are looking abroad for growth – 34 percent plan to expand overseas, 46 percent already have and only 20 percenthad no immediate plans to expand at all.