Japanese grocery brand LOFT recently announced the formal establishment of its Chinese headquarters in Jing'an District, Shanghai and the company will open its first overseas owned store in Xujiahui Metro City.Read More
In the latest Global Retail Trends 2020 report, KPMG's network of retail sector professionals indicates four accelerating trends that retail executives should be watching as they rebuild their business towards the post-COVID future.
Japanese lifestyle grocery specialty store LoFt announced its formal entry into the Chinese market.
Chinese maternal and child supplies e-commerce platform Babytree announced strategic cooperation with TokyoMX to set up a joint venture in Japan, aiming to introduce Japanese maternal and child products into the Chinese market.
The National Bureau of Statistics of China revealed that in October 2015, China's total social consumer retail sales reached CNY2.828 trillion, a year-on-year increase of 11%.
Maternal and child supplies e-commerce site Beibei.com announced that they will invest CNY500 million in the next 12 months to support 1,000 quality brands which have monthly sales of over CNY1 million.
Chinese e-commerce company Alibaba Group announced a comprehensive strategic partnership to enable Unilever to reach customers across China.
Switzerland-headquartered food and beverage company Nestle announced that the company has opened two new food manufacturing plants in China's Shandong and Anhui, respectively, representing its confidence in the Chinese market.
Chinese B2C e-commerce website Dangdang.com and Alibaba's B2C Internet shopping site Tmall.com have jointly announced that Dangdang.com has opened a flagship store on Tmall.com, selling books and daily commodities.
World's leading food and beverage company Nestle announced plans to establish two new research and development organizations in China.