Tmall, the B2C unit under China’s largest e-commerce company Alibaba Group, yesterday said it will offer 300 million Yuan (US$48.4 million) worth of cash vouchers and encourage consumers to share gift coupons with friends to allow more participants at its annual shopping spree on November 11. Read the rest of this entry »
Although Taiwan’s economy has been struggling for the last few years, retailers still see new opportunities in the market every day. According Taiwan’s Ministry of Economic Affairs, year-on-year retail sales have averaged a sluggish growth of 2 percent with a slight dip of -2.14 percent in March 2013. Taiwan’s trade-dependent economy and relatively weak domestic consumption has contributed to this mediocre performance.
Not every Chinese shopper can buy their Prada in Paris or their Max Mara in Milan.
As China’s middle class swells, foreign and domestic retail groups are opening discount outlet malls in China to help mainlanders get luxury bargains closer to home – preferably while pretending that they are really somewhere else.
Shopping for name brands and high quality fashion apparel may be the trend for the modern Chinese generation, but how can “homegrown” and international apparel retailers prioritize their networks to fit this need? This is a high cost challenge facing retailers in China today.
The number of new shopping malls in China is expected to nearly double to a record high this year as developers bet on consumers picking up the slack in the world’s second largest economy, says property services firm Jones Lang LaSalle.