Carrefour China Sales Decline 11.2% In Q3 2015
French retailer Carrefour realized sales of about EUR21.5 billion in the third quarter of 2015, a year-on-year increase of 4.2%; meanwhile, its sales in China decreased by 11.2%.
financial crisis
Italy's Antonia To Enter Chinese Market With First Store In Macau
Italian luxury fashion brand Antonia has signed a franchise agreement with Canudilo Group for Chinese market expansion.
Hong Kong Retail Sales Decreased 0.2% In 2014
Hong Kong's total retail sales in 2014 were HKD493.3 billion, a year-on-year decrease of 0.2%.
Chinese Retailer Closes Stores As Economic Fortunes Disappear
Shenzhen-based retail chain Ren Ren Le recently closed seven additional stores after the publishing of its third quarter financial report.
Yum Profit Down 3.9% In China As Company Plans Menu Price Increase
The international food and beverage group Yum! Brands Inc. has published its performance results for the third fiscal quarter of 2011, stating that its profit increased by 7.3% during the reporting period.
Chinese Luxury Goods Consumption Reached USD10.7 Billion
According to the latest report published by World Luxury Association, in 2010 the total consumption in the Chinese mainland luxury market reached USD10.7 billion, excluding private jets, yachts or luxury cars, making the country the…
Beijing Jingkelong's Net Profit Down 5.7% In 2009
Beijing-based supermarket retailer Jingkelong has published its annual financial report for 2009, stating that it made a net profit of CNY147 million in 2009, a year-on-year decrease of 5.7%.
China's Mofcom Launches Five Measures To Stimulate Consumption
Jiang Zengwei, the deputy director of China's Ministry of Commerce, and Fang Aiqing, the assistant director of the Ministry of Commerce, said during an interview that China plans to boost its overall consumption through five…
Macau's Retail Sales Up 16% In 2009
Data released by Macau Statistics and Census Bureau shows that Macau's retail sales reached MOP22.11 billion in 2009, an increase of 16% over those of 2008.
Isetan To Open Second Store In Tianjin
According to reports from Japan's Kyodo News, Japanese department store company Isetan Mitsukoshi Holdings has announced plans to open its second outlet in Tianjin at the end of 2010 or in spring of 2011.