Tag : China
Fashion retailers are becoming increasingly concerned about the impact of the Covid-19 coronavirus on stock for autumn 20 and the longer-term effects that could be felt for the next “six to 12 months”.
Coronavirus: the fallout in fashionSubscription
Coronavirus continues to wreak havoc across the global economy. Drapers looks at the impact on fashion supply chains, how retailers are responding and how the shut-down in China could lead to long-term changes to sourcing habits.
Burberry warns on coronavirus Subscription
British luxury brand Burberry has warned that the coronavirus outbreak has resulted in a “material negative effect” on luxury demand in the Chinese market.
Nike has announced the temporary closure of half of its stores in China as the coronavirus outbreak continues to develop.
British luxury brand Burberry has announced it is to show its autumn 20 collections in Shanghai this April – the latest in a series of measures to boost growth and engagement in the Chinese market.
Harrods to open first store outside UKSubscription
Luxury London-based department store Harrods is reportedly set to open a new store in China next year, its first store outside the UK.
Alibaba sales hit £30bn this Singles' DaySubscription
Chinese retailer Alibaba Group generated RMB268.4bn (£29.8bn) in sales during yesterday’s Singles’ Day shopping extravaganza.
Alibaba hires executives to expand UK portfolio Subscription
Chinese retail giant Alibaba has reportedly hired a small team of executives at its London offices to build a UK portfolio.
Net-a-Porter launches on Tmall Luxury Pavilion Subscription
Net-a-Porter is to launch a flagship store on Tmall Luxury Pavilion, the premium platform owned by Chinese etailer Alibaba Group.
China's challenges tarnish Golden Week Subscription
Political unrest and economic instability overshadow the typically big-spending week-long national holiday in China this year.
When Radley was bought by private equity firm Bregal Freshstream in 2016, the business was well-established in the UK, but under-represented internationally, writes CEO Justin Stead.
JD.com back in the black Subscription
Operating profit at Chinese etailer JD.com increased 324% year on year in the second quarter, up from a loss of $147.4m (£122m) in 2018 to a profit of $330.2m (£273.4m).
Self-Portrait to expand in ChinaSubscription
Contemporary womenswear brand Self-Portrait has signed a joint venture with luxury Chinese brand Shenzhen Ellassay Fashion to expand its Chinese business.
Inside JD.com’s robot-powered revolutionSubscription
Drapers visits Chinese ecommerce giant JD.com’s headquarters to find out how developments in its fulfilment capabilities could benefit UK brands.
Leading American footwear companies have written to US president Donald Trump, urging him to “immediately remove” footwear from the proposed tariffs list of Chinese imports.
Tax-free sales to overseas tourists in the UK will increase by 4% year on year over the next 90 days, the latest research shows.
Canada's golden goose Subscription
With the launch of footwear on the cards and a Beijing flagship about to open, luxury outerwear brand Canada Goose is primed for growth.
Can D&G recover from its China crisis? Subscription
Dolce & Gabbana’s most recent scandal, caused by a culturally insensitive advertising campaign, has harmed its business in China. Drapers investigates whether the damage can be reversed and what lessons can be learned.
Singles' Day smashes sales recordsSubscription
Chinese ecommerce giant Alibaba shattered its sales records during the Singles’ Day shopping event, with $1bn (£780m) worth of goods sold in under two minutes.
China’s rising digital stars Subscription
Alibaba and JD.com remain prominent, but several other platforms are making big inroads into the world’s biggest ecommerce market. Drapers investigates China’s emerging online leaders.
Alibaba to take Singles Day international Subscription
Alibaba’s annual discount event Singles Day is set to move beyond China this year, connecting online and offline shopping.
Why New Look failed to break ChinaSubscription
New Look’s decision to withdraw from China is indicative of the struggles many UK brands face when trying to crack the lucrative but notoriously difficult market, industry experts have observed.
Gieves & Hawkes launches on JD.comSubscription
Menswear brand Gieves & Hawkes has launched on
New Look to withdraw from ChinaSubscription
Young fashion retailer New Look is to shut down its Chinese operations, including all 120 stores it operates across the country.
Markets that are easier to crack than ChinaSubscription
Cracking China remains challenging but India, Mexico and Saudi Arabia are all exciting emerging markets for British brands, experts said at Drapers Fashion Forum.
JD.com's luxury revolutionSubscription
Last week Chinese ecommerce giant JD.com announced it has renewed its sponsorship of the British Fashion Council (BFC)/Vogue Designer Fashion Fund.
JD.com renews BFC tie-upSubscription
Chinese ecommerce giant JD.com has renewed its sponsorship of the British Fashion Council (BFC)/Vogue Designer Fashion Fund.
Seafolly branches into ChinaSubscription
Australian swimwear brand Seafolly is launching online in China later this summer through Tmall.
Farfetch acquires Chinese tech firm Subscription
Farfetch has acquired digital and technology business CuriosityChina in a bid to give luxury brands a deeper reach into the Chinese market.
Alibaba Group invests in OrdreSubscription
Alibaba Group has invested an undisclosed sum in luxury wholesale website Ordre.
Global Blue rolls out ‘real-time refunds'Subscription
Global Blue has unveiled plans to roll out real-time refunds to Alipay and WeChat accounts worldwide, following successful trials.
JD.com reveals how to engage Chinese consumersSubscription
JD.com’s general manager in France Florent Courau offered his tips on how western brands can stand out to Chinese shoppers at Drapers Digital Festival this morning.
House of Fraser owner Sanpower Group has unveiled a new supply chain initiative, designed to bring premium Chinese brands to the UK and Europe through the department store chain.
House of Fraser suitor issues profit warningSubscription
A Chinese company thought to be linked to the bidder for a stake in House of Fraser (HoF) has issued a substantial profit warning.
Florent Courau, managing director of JD.com’s newly opened Paris office, explains why brands that want to enter the Chinese market need to up their game – and fast.
London Fashion Week kicked off this morning with a focus on international co-operation, promoting emerging talent and celebrating diversity.
Alibaba revenues leap after ‘record’ Singles DaySubscription
Chinese ecommerce giant Alibaba Group’s revenues soared by 56% in its final quarter last year following a “record-breaking” Singles Day performance.
Chinese platform Secoo names new Europe MDSubscription
Chinese luxury online platform Secoo has promoted Giulia Costantini to the position of managing director of Europe.
Chalayan sells 20% stake Subscription
Designer Hussein Chalayan has sold a 20% stake of his brand to investment platform Centricus.
Saint Laurent joins JD.comSubscription
Saint Laurent is to join Chinese ecommerce giant JD.com’s luxury online platform, Toplife.
Prada launches new online storeSubscription
The Prada Group has launched a new ecommerce platform in China, and a global rollout is scheduled to follow by the end of January 2018.
West End to boom thanks to weaker poundSubscription
Sales in London’s West End are predicted to rise by 1.5% to £2.61bn during the six-week Christmas period, as international shoppers take advantage of the weaker pound.
More than half (55%) of online shoppers in China bought items from British brands over a three month period, a new survey has found.
Revenues soar at Alibaba ahead of Singles' DaySubscription
Revenues and profits at Chinese ecommerce giant Alibaba soared in the three months to 30 September 2017, up 61% and 58% respectively, as the retailer gears up for a further boost from Singles’ Day on 11 November.
Receptive partners are essential in tackling new global markets Antonis Kyprianou, group franchise manager at Grupo Cortefiel, told delegates at Drapers’ Fashion Forum today.
JD.com launches luxury site ToplifeSubscription
Etailer JD.com has launched a luxury ecommerce platform targeting affluent Chinese consumers.
The president of Lane Crawford and Joyce, Andrew Keith, is digitalising the 167-year-old Hong Kong luxury department store chain for China’s millennial shoppers.
Approximately six million Chinese tourists are expected to visit shops worldwide during Golden Week 2017, after spending $99.6bn (£74.4bn) during the public holiday last year.
Expansion in China is a click awaySubscription
To gain a foothold in the lucrative but challenging Chinese market, western brands should look online
Apple’s latest mobile operating system, released this week, includes a native QR code reader, so the black and white squares could soon be key to multichannel shopping experiences.