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 Retail
American consumer electronics retailer Best Buy released a statement recently announcing that it would cut back spending by about 50 percent in 2009, including a "substantial reduction in new store openings ... more»
2008-12-24
With the approval of the State Council, the Ministry of Finance, State Administration of Taxation of China announced that export tax rebate rate for labor-intensive, high-tech and high value-added goods will be increased ... more»
2008-10-23
The National Bureau of Statistics (NBS) of China said that China’s total retail sales of consumer goods achieved RMB 7.79 trillion (EUR 885.26 billion) for the first three quarters, up by 22 percent over the ... more»
2008-10-22
China's Ministry of Commerce announced on 16th June 2008 that the country’s accommodation and catering retail sales achieved CNY120.36 billion (USD17.4 billion) in May, which was 22.4% up over the same period ... more»
2008-06-23
Microsoft and Suning Electric jointly announced on 18th June 2008 that Microsoft’s Windows experience formally assigned to Suning stores in eight cities in 15 stores. For Shanghai area, the Microsoft’s ... more»
2008-06-23
Suning Appliance Co, the Nanjing-based retailer, said in a statement that it had raised CNY2.43 billion (US$350 million) by issuing 54 million shares to six institutions for outlet expansion. With this money, Suning ... more»
2008-05-26
It is reported that Marks&Spencer, a famous British retailer, will open its first wholly-owned department store in Shanghai mainland China by this autumn.With a construction area of 4,900 square meters, the ... more»
2008-05-26
China’s Ministry of Commerce announced that retailers in the country could be fined up to CNY10,000 for providing free plastic shopping bags to shoppers from 1st June 2008. According to the draft state, d the ... more»
2008-04-14
Jones Lang LaSalle Incorporated (JLL), a global real estate money management and services firm, announced on 8th April 2008 to set up a joint venture company with Colonial First State Property Management (CFSPM), ... more»
2008-04-14
Dell Inc, the world's No. 2 PC maker, announced on 2nd April 2008 that the company would sell products through distribution partners in China, which was a big change from its traditional business models of online and ... more»
2008-04-07
Burger King Holdings Inc, the world's second-largest burger chain, aims to develop its franchise business further and has its sights set on opening more stores in airports in China to compete with McDonald's Corp.According ... more»
2008-04-07
Audi, Volkswagen's high-end line, announced on 31st March 2008 that it had sold 30,000 units in China in the first three months, up 25% over the same period a year earlier and accounting for 10.5% of its global vehicle ... more»
2008-04-07
Largely due to global price hikes for oil and extreme winter weather in southern part of the country, the sales of passenger vehicles in China market went down in February on a monthly term. China Association of ... more»
2008-03-17
China’s National Bureau of Statistics said on 12th March 2008 that the country’s domestic retail sales jumped 20.2% to USD245.5 billion in the first two months of 2008 and was boosted by Chinese New Years ... more»
2008-03-17
Best Buy Co, the biggest US electronics retailer, said on 5th March 2008 that the company has closed its office in Beijing and is not planning to open stores there in the near future.According to official with Best Buy ... more»
2008-03-10
Gome Electrical Appliance Holdings Ltd, China's biggest electrical retailer, has spent CNY541 million (USD75 million) for a 10.7% stake in Sanlian Commerce Co Ltd, a major appliance retailer in the province, becoming ... more»
2008-03-10
French cosmetics group L'Oreal announced on 26th February 2008 that its China sales had reached EUR523 million (USD777.4 million) in 2007, 30% up and the seventh consecutive year of double-digit growth. The rapid ... more»
2008-03-03
After the outlets in Hangzhou and Shenzhen, Yum! Brands Inc, the world's largest fast food chain operator, introduced its third pizza brand Pizza Hut Express to China market, opening its first store in Shanghai on 28th ... more»
2008-03-03
China’s consumers spent CNY 255 billion (USD 34.9 billion) during the week-long Spring Festival holiday despite experiencing the worst snow havoc in the southern area of China for half a century.According ... more»
2008-02-18
As a further move to cut air pollution and host a "green" Olympic Games, Beijing Environment Protection Bureau announced that the capital will ban the sale of new cars failing to meet new emission standards ... more»
2008-02-18
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