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wang xiaosong 7Fresh

JD.com Aims to Open 500 High Tech Supermarkets in Five Years

wang xiaosong 7Fresh

2018/05/30 by Shawna Kwan Leave a Comment

The brick and mortar competition among China’s tech giants continues to heat up with JD.com announcing earlier this week that it would open 500 of its 7Fresh supermarkets in five years. This latest expansion into offline retail by China’s second-largest… Read More>>

The brick and mortar competition among China’s tech giants continues to heat up with JD.com announcing earlier this week … Read more>>>

Piago

Henderson Land Buys Four HK Department Stores from FamilyMart Uny for HK$300M

Piago

2018/05/25 by Shawna Kwan Leave a Comment

A retail unit of blue-chip developer Henderson Land is acquiring Japanese retailer FamilyMart Uny Holdings Co’s operations in Hong Kong for HK$300 million ($38 million), expanding Henderson’s department store business to Hong Kong Island and Kowloon.

The Henderson subsidiary, Urban… Read More>>

A retail unit of blue-chip developer Henderson Land is acquiring Japanese retailer FamilyMart Uny Holdings Co’s … Read more>>>

FILA Relaunches Shanghai Flagship Store on East Nanjing Road

2018/05/24 by Greg Isaacson Leave a Comment

Global sportswear brand FILA has relaunched its flagship store in Shanghai, celebrating the opening of its largest retail space in Greater China. The expanded and upgraded venue in the Mosaic Shanghai mall on East Nanjing Road now covers 867 square metres… Read More>>

Global sportswear brand FILA has relaunched its flagship store in Shanghai, celebrating the opening of its largest … Read more>>>

Carrefour, Tencent Open First Le Marche Smart Supermarket in Shanghai

2018/05/23 by Shawna Kwan Leave a Comment

Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>

Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the … Read more>>>

Denis Ma JLL

Omnichannel Retail is Coming to Hong Kong, But Don’t Expect Lower Rents Says JLL

Denis Ma JLL

2018/05/14 by Shawna Kwan Leave a Comment

The future of retail is about to be delivered to Hong Kong’s commercial developers, and it’s coming via the Internet, according to a report released today by property consultancy JLL.

The company’s report on the city’s shopping scene, “Reimagining Retail… Read More>>

The future of retail is about to be delivered to Hong Kong’s commercial developers, and it’s coming via the Internet, … Read more>>>

costco

US Hypermarket Chain Costco Sets Up in Shanghai

costco

2018/05/10 by Shawna Kwan Leave a Comment

American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.

Costco inked an agreement with… Read More>>

American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign … Read more>>>

JD_conference

JD.com Opens Its Largest Unmanned Store in Xiong’an New Area

JD_conference

2018/05/06 by Shawna Kwan Leave a Comment

China’s second-largest e-commerce company by sales, JD.com, has opened its first unmanned store in Xiong’an New Area, a new district being built just south of Beijing that the central government intends to develop into a new economic hub.

JD.com opened… Read More>>

China’s second-largest e-commerce company by sales, JD.com, has opened its first unmanned store in Xiong’an New Area, a … Read more>>>

Lotte Sells Mainland Stores to Chinese Rival for $230M After Missile Defense Clash

2018/04/26 by Greg Isaacson Leave a Comment

The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.

Lotte Shopping will sell one of… Read More>>

The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, … Read more>>>

Esprit Causeway Bay

Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store

Esprit Causeway Bay

2018/04/25 by Shawna Kwan Leave a Comment

Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, according to local media reports.

The lease for the 7,000 square foot (650 square metre) store in Leighton Centre at 77 Leighton… Read More>>

Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, … Read more>>>

Ong Pang Aik Lian Beng

CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M

Ong Pang Aik Lian Beng

2018/04/19 by Shawna Kwan Leave a Comment

CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed real estate trust of S$119.6 million ($91 million), according to a statement to the stock exchange on Thursday.

… Read More>>

CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net … Read more>>>

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