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July 20 – Sales of the new iPad in China began today as Apple Inc (Nasdaq: APPL) settled the dispute over its use of the trademark in the country. Suning Appliance Co (SHE: 002024), China's largest chain store by revenue, said it had received almost 10,000 preorders.
http://www.linkshop.com.cn/web/archives/2012/217880.shtml
July 19 – LVMH's Louis Vuitton brand will open a large store in Shanghai that will customize products to attract China's rich. Only those invited will be allowed into the store, and they can have their hair dressed and see how their orders being made at the same time. China is already the world's third largest luxury goods consumer, and is expected to overtake Japan and the US in the next three years, with its luxury goods receipts to climb to ¥180 billion per year.
http://cn.reuters.com/article/chinaNews/idCNCNE86I02T20120719
July 19 – Uniqlo, Japan's largest clothing retailer, said it plans to open 200 to 300 stores worldwide annually, including 100 stores in the Greater China region, in the next 10 years.
http://news.winshang.com/news-120291.html
July 18 – Alibaba Group's Tmall.com, China's biggest B2C e-commerce site, said it expected its turnover to double to ¥200 billion this year, with ¥60 billion coming from apparel sales and ¥50 billion from consumer electronics. Tmall is going to invest ¥1 billion in 2H 2012 in promotions.
http://luxury.ce.cn/html/2012/ppxx_0718/79080.html
July 18 – Aeon Group, a Japanese retailer chain, and Mitsubishi Shokuhin Co, Japan's largest food wholesaler, said they will work together to operate fresh and frozen food supermarkets in three coastal cities in Guangdong province by the end of this year. The supermarkets will offer food imported from Japan to attract China's growing middle class.
http://www.linkshop.com.cn/web/archives/2012/217502.shtml
July 18 – J.Lindeberg, a Swedish clothing company, said it will open stores in major Chinese cities in August and plans to increase the number of stores to 50 by the end of next year. J.Lindeberg expects its revenue from China to total $57 million this year and expects half of its revenues to come from China by 2015.
http://www.linkshop.com.cn/web/archives/2012/217487.shtml
July 17 – Retails sales at China's 3,000 largest retailers were up 8.2% year on year in 1H 2012, the Ministry of Commerce said.
http://www.yicai.com/news/2012/07/1907373.html
July 13 – Retail sales in China rose 13.7% year on year to ¥1.66 trillion in June, the National Bureau of Statistics said. In 1H 2012 retail sales were up 14.4% to ¥9.82 trillion.
http://www.stats.gov.cn/tjfx/jdfx/t20120713_402817926.htm
$1 = ¥6.37
@2011 China Economy @ The China Perspective.
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