…e online marketplace of e-commerce giant Alibaba. Costco announced the new online store in 2014, which sells branded products including healthcare and personal care goods. The wholesale giant, which operates hundreds of warehouses mainly in the US, also has outlets in Japan, Korea and Taiwan. Missile Clash Led to Retail Fallout for Lotte Expect to see Costco in Shanghai, and maybe more cities Costco appears to be betting that its foray into Chines…
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Mingtiandi is Back Online
Hi Folks, We are back online We are back online here at Mingtiandi, and after eight months of site building and eleven months of company constructing, our new site, www.Rightsite.asia is nearly ready. Here’s the latest. Hosting Migration We have been struggling with migrating this blog, our IDAAWorld.org site, and our email to a new host this week. These are supposed to be routine processes, but due to my being something of a techno-dunce, and…
MTD TV Interview with Jeffrey Perlman of Warburg Pincus Now Online APAC Logistics Forum 2020
…ward to having you join us, and you can register free of charge here. More Online Forums on the Way The APAC logistics series is Mingtiandi’s inaugural set of online events and be sure to watch for more MTD TV forums in the coming months. In September, we will welcome some of the region’s leading data centre developers and investors for our data centre series, which will be followed in November by Mingtiandi’s proptech forum. Also, stay tuned for…
More Chinese Cities Restrict Real Estate Sales But Details Scarce – and more of Today’s China Real Estate Links | April 3, 2013
…from e-commerce, industrial experts said. Wal-Mart Denies Delays in China Store Openings Wal-Mart Stores Inc. WMT +0.80% plans to invest 500 million yuan ($79.8 million) to upgrade Chinese stores and said it is on target with store openings there, following local media reports that said recent store closures are derailing store growth plans in one of the retailers’ key markets. The Bentonville, Ark., retailer plans to remodel 50 of its 380-plus s…
133,000 Sqm Outlet Mall Planned to Open Near Shanghai Disneyland – and more of Today’s China Real Estate Links | June 19, 2013
…t. But it also set up some longer-term problems. Wal-Mart to close Kunshan store US retailer Wal-Mart Stores Inc is reportedly scheduled to close a store in Kunshan, East China’s Jiangsu Province in the end of June. The company closed three stores in China in April: one in Shanghai, one in Shenzhen, and one in Wuxi, Jiangsu Province. Staff members of the store said it has been losing money since opening in 2008, the China Business Herald reported….
Dalian Wanda to Close 10 Dept Stores – Restructure 20 More
…k growth that it achieved over the last decade. From Ghost Cities to Ghost Stores The department stores that Wanda plans to close include two in Shenyang, as well as stores in Qingdao, Ningbo, Wenzhou, Dongguan and other cities. The shops to be restructured include outlets in Shanghai, Qingdao, Wuxi, and Xiamen, according to reports in the local press. According to Wanda’s website, the company has a total of 84 department stores across China, with…
Starbucks Buys Out East China JV for $1.3B, Plans 5,000 Mainland Shops by 2021
…ng and Starbucks said it plans to sell the struggling Teavana chain of 379 stores that it bought in 2012. In China, where Starbucks has a presence in 130 cities, the company saw strong same-store sales growth of 7 percent last quarter. The Asia-Pacific region, with 7,183 cafes, generated $223.8 million in operating income during the quarter, compared to the Americas region with 16,302 stores contributing $974.8 million. As Starbucks may be approac…
Swatch Scores 53% Discount on Central Shop Space as HK Retail Rents Plunge
…city’s retail boom in 2013 and 2014, international brands gobbled up multi-storey spaces for their flagship stores. Many of the same firms have abandoned or downsized those flagship locations amid sliding retail sales over the past three years, driven largely by a decline in spending by mainland Chinese. The Central Building space became available after German fashion house Hugo Boss downsized its flagship store in Hong Kong’s Central Building. Th…
IKEA Breaks Ground on $1.2B Mall and HQ in Shanghai
…y said at the time that it plans to improve its digital business and boost online sales and test new store concepts to get a sense of what customers really want from a brick-and-mortar retailer. Jesper Brodin, the new CEO of IKEA Group, told Reuters in an interview earlier this year that IKEA is currently reviewing its strategy for opening warehouse stores, and that some planned openings may be cancelled, while some may be converted to city-center…
Suning Buys 61 Guangzhou Circle K Stores From Hong Kong’s Fung Group
…RMB 296 million, according to public information. Branching Out into More Store Categories Under its online-to-offline strategy, Suning has been pushing to expand both the quantity and range of its retail stores by investing in department stores, supermarkets and convenience stores. In April 2018 the company acquired the China retail operations of Spain’s Dia Group, taking over more than 300 Dia Tiantian supermarkets in Shanghai. In late 2018, Su…
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