…s Vuitton, Chanel and Gucci outside their eponymous boutique stores, with ‘store-in-store’ concept spaces for these and other international fashion labels. Speaking at the opening of the department store’s dazzling new ground floor, David Jones Ltd CEO, Ian Moir, spoke of “an exciting milestone in the redevelopment of the Elizabeth Street flagship”. He described how “beautiful products and an amazing experience [lie] at the heart” of the redesigne…
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Could Greenland’s Online Finance Platform Replace REITs?
…ver brought to the mainland market in a meaningful way. For Wanda to offer buyers of its online finance products the right to transfer titles to these securities as Wang Jianlin has indicated, it would need to secure approval from the China Securities Regulatory Commission, a significant regulatory hurdle. However, by granting companies such as Alibaba, Greenland and Wanda the right to do online finance at all, Chinese authorities are showing some…
Parkson Down to Last Beijing Location as Department Stores Disappear
…ations. Parkson joins a roster of domestic chains, from Hualian Department Store to Jiuguang Department Store, that have recently shuttered stores. In 2016 alone, Parkson shed five mainland department stores, including one property in Beijing, Sun Palace Parkson, that it sold for RMB 2.3 billion. Upgrading and repositioning has also emerged as a strategy to turn around obsolete stores. Last month, Shanghai officials closed the iconic No. 1 Departm…
FILA Relaunches Shanghai Flagship Store on East Nanjing Road
…ing Road now covers 867 square metres on the two lower levels of the seven-storey retail centre. A ceremony was held to inaugurate the new store on Wednesday, featuring music and dance performances and an appearance by Hong Kong celebrity Hawick Lau. Owned by Pradera Retail Asia, the mall on Shanghai’s iconic pedestrian street is undergoing a comprehensive business upgrade. In February, Pradera launched M-Square, a themed area targeting young cust…
GIC Leads $14B Buyout of Warren Buffett’s Only REIT Investment
…Street was acquired by Blue Owl last December in a $1.6 billion deal. The buyout of Store Capital, which is subject to approval by Buffett (Berkshire Hathway owned 6,928,413 shares as of 30 June) and other stockholders, is expected to be completed in the first quarter of next year. Store has also been given a 30-day period to solicit and consider other acquisition proposals. GIC and Oak Street did not disclose their individual ownership stakes in…
Versace to Open 1200 SQM HK Flagship Store and More China Real Estate Headlines
…will display about 2,500 kinds of products. Meanwhile, local consumers can order most of Ikea’s products at the order point. It is reportedly a small-sized Ikea and the extension of the Ikea Ningbo store. Read more>> Shanghai Authorities Praise Market Tightening Measures SHANGHAI’S residential property market has registered positive changes over the past month as tightening measures to cool overheated sentiment started to take effect, the city’s h…
How Cold Chain Innovation Enables China’s $32B Food Delivery Industry Sponsored Feature
…don’t purchase them nearly as often as food and beverages. Prepared meals, ordered online from familiar restaurants, have helped to establish the current perishable delivery networks. But our expectation has moved on, with fresh food ingredients to be prepared at home and hot or cold beverages, such as my cold beer, now extending our notion of what we think is “deliverable.” As food and health safety rises in importance to families in Asia, with f…
JD.Com Partners with Mainland Brokerage to Lease Homes Online
…unt The new partnership enables JD.com users to lease homes via 5i5j.com’s online store, and pay their monthly rent directly through their accounts on the ecommerce platform. Members of the site’s JD.com Plus premium service can get 20 percent off on brokerage fees when they buy second-hand apartments through the newly launched store, as well as in 5i5j’s 3,500 offline shops in 17 cities. JD has been listing real estate on their site for one year…
Long Lines, But No Riots, as Mega-Apple Store Opens in Beijing
…s, they did disclose that it employs 300 workers, and the company’s retail store employees in Beijing alone now total 800. Apple now operates six stores in mainland China — three in Beijing and three in Shanghai. A seventh store is planned to open later this year in the southern Chinese city of Shenzhen. According to Apple, its third-quarter revenue in Greater China (China, Hong Kong and Taiwan) rose to US$5.7 billion in 2012 — a 48% increase over…
JD.com Opens Its Largest Unmanned Store in Xiong’an New Area
…ng the e-commerce giant’s largest outlet in its growing chain of staffless stores. The store, which allows smartphone-enabled shoppers to buy Pocky, Snickers and stinky tofu via facial recognition, also updates the retail experience by adding digital price tags that can provide updated price discounts and offers in real time. Customers simply walk through the “smart payment lanes” to check out without the need to reach for their wallets, JD said….
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