China news and analysis

28 September 2022
Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...
27 September 2022
JD.com has introduced a new format of supermarket in Beijing that provides shoppers with a one-stop shopping experience. A combination of shopping and recreation This new supermarket format, under the banner of "Seven Fresh", which is the third generation of its development, aims to provide shoppers with a one-stop shopping experience that combines the concept of shopping and recreation. ...
16 August 2022
Last month, Walmart announced it had lowered its projected sales for Q2 and the rest of 2022 . Net sales were expected to be up by around 7.5% for the quarter, with US comp store sales expected to be up around 6%, but itsQ2 results surpassed its expectations. However, its gross profit continues to face pressure from higher-than-usual levels of mark down activity, which it has employed to cl...
16 August 2022
The German retailer has announced plans to open hundreds of shops in Shanghai and wants to expand into other Chinese cities. Major expansion plans revealed Aldi Süd plan to expand its physical store network in China into the hundreds, with Shanghai its first major target. The retailer has 26 stores in the city, following its entry into the physical market in 2019. Cities in the Yangtze Delt...
08 August 2022
Dairy Farm International reported total revenue of USD 18,511mn, increased by 1%, and operating profit of USD 76mn, decreased by 37%, year-over-year in H1. It should keep improving sales and profitability, especially in food grocery retail, which suffered the most from COVID-19 impacts in the region. Sales normalizing in supermarket   Excluding the sales from non-grocery, associates and j...
05 August 2022
With the rise in consumer interest in health and wellness driven by the pandemic, Watsons in China announced the launch of a Health Care zone that offers a range of healthcare products and services online and in stores. The Health Care zone provides a seamless O+O (Offline plus Online) shopping experience Along with launching online, the Health Care zones will feature in over 1,200 stores...
14 July 2022
Freshippo Outlet, a new discount format, offers shoppers daily great deals on quality fresh foods and helps reduce the group's food waste. Optimising profitability by reducing food waste According to Alibaba's full fiscal year 2022 report, the growth of direct retail business has impacted its profit earning. Optimizing its operation cost efficiency is crucial for long-term sustainability,...
27 June 2022
From social shopping to a metaverse mall, we highlight five new initiatives and innovations debuted to inspire shoppers and help merchants during this big shopping festival. Inspiring by innovation and new user experience Alibaba’s Taobao unveiled a “Metaverse Mall” in the festival where shoppers were able to use a mobile phone to guide their avatars and do virtual reality shoppin...
27 June 2022
This year the 618 shopping festival generated a total sales revenue of RMB 695.9bn (USD 103.8bn) through ecommerce channels (excluded quick commerce and community group buying), reports Syntun. This is an increase of 20.3% year-on-year, but down 6.2% compared to the previous year's 26.5% sales growth. Besides driving sales through slashing prices and discount coupons, what significant findings...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...