Coined in 2017 by the founder of China’s e-commerce giant Alibaba, Jack Ma, the concept of ‘new retail’ has proven to be revolutionary. Put simply, it’s about how the consumer’s shopping …
Nike anticipates its digital tech investments will help it weather the storm the coronavirus is pummeling upon retail worldwide. The company temporarily shuttered all of its U.S. stores earlier this month. …
On Singles Day, Alibaba’s international shopping event, the Alibaba Group generated 268.4 billion yuan ($38.4 billion) in gross merchandise volume, a 26% jump from 2018. The top five countries selling …
German wholesaler Metro has agreed to sell a majority stake in its Chinese operations to local retailer Wumart, continuing a drive to simplify its business and focus on its core customers …
Starbucks unveiled its flagship Reserve store in Tianjin, China. Located in Riverside 66, a Renaissance-style building constructed in 1921, this flagship store reimagines a nearly century-old heritage building to create …
While many U.S. consumers and retail executives haven’t even heard of WeChat, the multipurpose app is taking China by storm. And with built-in mobile payment capabilities, it is radically transforming …
Under the stained glass dome of the Galeries Lafayette department store in central Paris, Chinese shoppers form an orderly line outside the Louis Vuitton boutique for their turn to pick …
It might not seem long for European retailers, but in the Greater China context 30 years entitles a fashion company to heritage status. For many years I.T was one of …
To get a sense of the future of Starbucks, look to China. The coffee giant is building a new store in the market every 15 hours and views accelerating growth there as one …