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.

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 world's second largest consumer of luxury goods following Japan.

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%.

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 measures.

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.

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.