…ail has not yet been as clearly established. In the case of Alibaba’s Hema stores, the retail outlets combine online and offline by allowing shoppers to scan barcodes for items that they see on the shelves and complete their purchase via the company’s Alipay system before leaving the store. Hema then promises delivery in as little as 30 minutes to customers living with three kilometres of a store location. The scan to buy system promises to provid…
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Sanpower Selling House of Fraser After Launching Just Two Stores in Four Years
…st, making it the largest shareholder in one of China’s top ten department store chains. Nanjing Xinjiekou Department Store has outlets in eastern China’s Jiangsu and Zhejiang provinces. House of Fraser opened its Nanjing flagship at the end of 2016 House of Fraser debuted in China in December 2016, with the opening of a 425,000 square metre flagship store in Nanjing, capital of Jiangsu province — nearly a year behind schedule. A second outlet fol…
Henderson Land Buys Four HK Department Stores from FamilyMart Uny for HK$300M
…veloper’s Henderson Investment Limited arm has its own flagship department store, Citistore, which operates six branches, five of them located in residential districts in the New Territories far from the city centre. Citistore’s profit after tax in 2017 fell by 24 percent to HK$74 million ($9.4 million), despite the company’s “relentless efforts in raising efficiency and controlling operating costs,” according to Henderson Land’s latest annual rep…
Ant Financial Backs Staffless Store Chain Xingbianli and More Asia Real Estate Headlines
…ead on for all the details. Ant Financial Invests in Staffless Convenience Store Chain Chinese checkout-free convenience store operator Xingbianli has completed a new round of multi-million yuan financing despite reported cost-saving measures, including job cuts. It shows investors’ confidence in unmanned retail stores in a fast-growing market as Alibaba Group Holding’s financial affiliate Ant Financial Services Group led the latest round of fundi…
Omnichannel Retail is Coming to Hong Kong, But Don’t Expect Lower Rents Says JLL
…had grown 40 percent in the city as of October last year. The Chinese firm originally adopted an online-only strategy by selling its products directly to customers online before it started opening brick and mortar stores in mainland China in 2015. Small Living Space Drives People to Malls Hong Kong’s Internet retail grew at a compound annual growth rate of 15 percent from 2011 to 2016, and is expected to grow by 16.1 percent in the next five years…
Alibaba Buys Intime Dept Store Chain in $2.6B Deal and More Asia Real Estate Headlines
…as the e-commerce giant seeks to extend its online dominance into physical stores. China’s largest online retailer and Intime’s founder, Shen Guojun, will pay as much as 19.8 billion Hong Kong dollars (US$2.6 billion) to take the Hong Kong-listed department-store chain private, Alibaba said in a statement Tuesday. Alibaba already has a 28% stake in Intime from a US$692 million investment it made in 2014; its shareholding would rise to about 74% af…
Versace to Open 1200 SQM HK Flagship Store and More China Real Estate Headlines
…d is expected to officially open at the beginning of this summer. Ikea PUP store is a new model established by the company in 2015. With an area of about 1,800 square meters, the Ikea Wenzhou PUP store 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 Mark…
Third Apple Store In Beijing to Open In Wangfujing – and more of Today’s China Real Estate Links | October 17, 2012
…ll that has been there for over 800 years. This will the the third retails store in Beijing, China, and it’s said that it will be the largest Apple store in Asia. It will join over 200 other shops in the shopping destination center about a mile from historic Forbidden City and Tiananmen Square. The store should occupy a corner building of the historic shopping area, according to website MIC Gadget, and will take up the bottom half of the building…
New Apple Store Under Construction in Shanghai’s IAPM Mall – Today’s China Real Estate Links | September 12, 2013
…n Shanghai’s IAPM Mall According to a photo posted on Twitter (via ifoAppleStore), Apple seems to be building a retail store in the center of Shanghai’s new IAPM mall. The store, which appears to be two stories high as it undergoes construction, is blocked off by a gray barricade that sports the Apple logo and the URL which directs Apple’s China retail website. The mall in which the store is located opened two weeks ago, and is connected to high-r…
Apple to Open Latest China Retail Store in Chongqing
…l in the western China city of Chongqing, making this only the third Apple Store in the country to be located outside of Shanghai or Beijing. The opening of the new store was announced in low-key ad on the company’s website, as well as with a large billboard on display at the mall in Chongqing’s Jiangbei district. The Chongqing store is expected to be followed later this year by the opening of new outlets in Hangzhou, Shenyang, Tianjin, Wuxi, and…