The recent financial turmoil has different effects on different industries, notes Wei Gu, wealth editor of the Wall Street Journal in Hong Kong. While sales have dropped in retail, as mainland shoppers drop out, bankers are extremely busy helping mainland customers to change a devaluating Yuan into other currencies.
Category Archives: retail
Japan´s fashion brand Uniqlo is already leading in the China market over its Western competitors, and its link with Disney might give it an extra advantage, says retail analyst Ben Cavender in MarketWatch.
McDonald´s used to be a winner in China, but has started to face dropping sales. Retail analyst Ben Cavender explains why the US firm is likely to keep on dropping in AsiaOne. Food scandals caused loss of confidence among the consumers, and McDonald´s has been unable to repair the damage.
Much on the consumer debate in China focuses on the high-income buyers. Time to change that, says retail analyst Shaun Rein, and author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia. Spending power of low-income consumers is going up fast, he tells KTUU.
China has a glut in shopping malls, but outlets are only starting to gain steam. WSJ wealth editor Wei Gu discusses with Sebastian Skiff of CBRE, a real estate consultancy, on what is needed for successful outlets, and why only a limited number might work.
Shanghai-based add guru Tom Doctoroff has been arguing since his book Twitter is Not a Strategy: Rediscovering the Art of Brand Marketing social media and traditional marketing strategies need to team up. In the Huffington Post he gives nine rules for effective online content, Here´s no.5 five, including Ford in China.
The decision by Best Buy to withdraw from the China market is not a real surprise, and illustrates that successful brands elsewhere cannot assume they can conquer the China market too, says Shanghai-based retail analyst Ben Cavender in the China Daily.
Wal-Mart recently fired thirty of its corporate executives in China, and hundreds of others, in an effort to save costs. The US retailer has a hard time to keep up with the gruesome competition, tells retail analyst Ben Cavender in the China Daily.
Legal protection for China´s consumers was long overdue, but a revision of the existing laws might change all for the country´s consumers, writes lawyer Mark Schaub in Lexology. All depends now on how those laws are being executed.
Small is beautiful in retail as hypermarkets lose traction in favor of convenient stores. When you look at the figures, convenient stores make more sense, says retail expert Ben Cavender in the China Daily.