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.
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China's Social Consumer Retail Sales Up 10.8% In August 2015
According to statistics published by National Bureau of Statistics of China, the country's social consumer retail sales reached CNY2.489 trillion in August 2015, representing a year-on-year increase of 10.8%.
Disney Gains Online Distributor For Avengers In China
Alibaba's B2C platform Tmall.com is about to open a new channel for Chinese moviegoers to acquire exclusive Disney products.
JD.com Expands To Taiyuan With Comprehensive Service Center
Chinese B2C e-commerce website JD.com officially opened its first comprehensive service center in Taiyuan, Shanxi province to provide super-fast services to consumers.
Hong Kong Retail Sales Decreased 0.2% In 2014
Hong Kong's total retail sales in 2014 were HKD493.3 billion, a year-on-year decrease of 0.2%.
China's Sanpower Group Bids USD173 Million For American Retailer
Following a 13-hour auction, China Sanpower Group and Sailing Capital International finally bought the American bankrupt retail giant Brookstone Holdings Corp. for over USD173 million.
Fast Growth Equals More Fast Food For McDonald's In China
Zeng Qishan, chief executive officer of McDonald's China, says that the company plans to add 300 new restaurants in China in 2014.
Dangdang.com, Yhd.com Form Open Platform E-commerce Partnership
Chinese B2C e-commerce websites Dangdang.com and Yhd.com announced that the two parties have reached a strategic cooperation to enter each other's open platforms while their respective official flagship stores have opened to netizens.
Metro China President Confirms Expansion Strategy
Jeroen de Groot, Metro's newly appointed China president, recently revealed to the Chinese local media that Metro will accelerate its expansion in China through both owned real estate and leasing models.
Beijing's Online Shopping Stats Hit New Highs
Netizens in China's capital city have purchased more so far this year from online shops than from traditional department stores.