The development of multi-label stores in China is being given a boost with the tie up of two regional trade shows designed to encourage entrepreneurs into the market.
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There have been much buzz about brands moving to lower-tier cities as retailers seek further growth. But now, the trend may be reversing. Lower-tier cities may be losing their appeal as a growing number of luxury retailers want to be in first-tier cities again.
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Consumer confidence in Taiwan remained the lowest in the Greater China region during the third quarter, a survey published in Beijing showed Tuesday.
If the first two days of China's annual Golden Week holidays are anything to go by, consumer confidence in the world's second largest economy is strong.
Golden Week, a seven-day holiday starting on 1 October – China's National Day – is a key period for travel, shopping and dining out in the mainland. The holiday period is used as a gauge of consumer sentiment in the country.
Tuesday marks the start of Golden Week in China, a week-long national holiday during which millions of mainlanders set off on vacation, hit the shopping malls and dine out.
This seven-day period, starting from National Day on 1 October, will provide a snapshot of how consumers in the world's most populous nation are faring in what has been volatile year for the world's second-largest economy.
China led Asian countries in the global e-commerce readiness index rankings released recently by Forrester Research Inc.
While the country is second only to the United States in the global ranking, the research report suggests the strong growth potential of the world's most populous country in terms of retail opportunity.
China's retail scene remains unbalanced as there is a lack of large-scale modern retailers in smaller cities and local communities although the development of large-scale retailers is seen as more rapid than of smaller retailers mainly serving local neighbourhoods, according to a new report of the Fung Business Intelligence Centre.
The report, Retail market in China, provides an overview of China's retail market and assesses competitive prospects, offering key highlights on developments under different retail formats.
The mainland e-commerce market is expected to grow at a breakneck pace of 30 per cent in the next three to five years but retailers must dislodge consumers' expectations of discounts on the internet and ensure payment security, research from PricewaterhouseCoopers shows.
A surging demand for consumer electronics and a boom in online shopping powered a rapid growth in the revenue of e-commerce and semiconductor firms in the past three years in China, Deloitte said in a report on Thursday.
The top retail fortunes in China have grown 20 percent year on year (YoY), led by Zhang Jindong, who continues to hold onto his "Retail King" crown, according to figures from the Hurun Report.
The Hurun Research Institute yesterday released the Hurun Rich List 2013, the 15th annual ranking of the 1000 richest individuals in China. According to the list, 50-year-old Zhang Jindong, chairman of China's biggest electronics retailer Suning Commerce Group, jumped places to ninth, on the back of a 73 percent growth in his wealth to USD6.5 billion.