This week, we look at Alibaba’s recent investments in courier company STO Express and how the logistics race in China has stepped up.
The Greater Bay Area, or “China’s Silicon Valley”: What is It, How Will It Develop and How Can Businesses Benefit?
The Greater Bay Area could be China’s answer to Silicon Valley. On February 18, 2019, the Central Committee of the Communist Party of China and the State Council of the People’s Republic of China released a development plan for the Greater Bay Area.
US store-based traffic and sales declined in February, while the conversion rate grew 0.4 percentage points. Average transaction value (ATV) grew 1.8%, slower than the 5.5% growth reported in January.
US income tax refund tracker: Filings are still down year over year, and average refund amounts are up slightly. Consumers plan save their refunds, pay down debt, and fund everyday expenses.
In February, Costco’s same-store sales growth showed a sequential slowdown. The company posted accelerated growth in e-commerce comparable sales. Adverse weather conditions, holiday shift and forex currency fluctuations negatively impacted Costco’s performance.
Insights from China: Slowing Growth, Further Opening of China’s Economy, and Demands to Accelerate the Digital Transformation — Key Points from China’s “Two Sessions”
In our weekly series Insights from China, we curate ongoing developments to distill what international brands and retailers need to know about China to succeed in the country. We cover areas such as policy, consumer behavior, consumer sentiment, government regulations and the competitive landscape – as they affect international companies selling to Chinese consumers or looking to enter the market.
Better Convenience Through Automation: Five Japanese Convenience Store Chains Sign Up to Automate All Stores by 2025
The Japanese government wants to automate convenience stores nationwide by 2025, in co-operation with five convenience store chains. Under the plan, the five convenience store chains will automate 50,000 stores by 2025 using Radio Frequency Identification (RFID) technology.
Total retail sales excluding fuel and automobiles increased 3.7% year over year in January, growing substantially from the revised 0.1% year-over-year decline reported for December.
US income tax refund tracker: Filings are still down year over year, and average refund amounts are up. Consumers primarily plan to pay down debt and save theitr refunds.
New Retail Briefing #5: Alipay Pushes Cross-Border Payment; JD.com Continues Unstaffed Delivery Initiatives Abroad
“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond.
Each month, we round up key metrics that reflect consumer demand in the US, the UK and China. In these updates, we focus on direct, leading indicators of the health of the consumer economy.
Insights from China: Leveraging the Power of Douyin (TikTok) to Reach and Engage Young Chinese Consumers
Douyin, known as TikTok overseas, is a short video app which allows users to share short videos. The Beijing-based Internet company ByteDance launched the app in 2016 and its international version TikTok a year later. The app gained traction rapidly.
Sector Overview: Consumer Packaged Goods — Demand Is Strong, but Companies Must Be Agile to Meet Consumers’ Needs
Each of our Sector Overview reports provides an essential briefing on a sector or market. In this report, we review the global consumer packaged goods (CPG) market.
US income tax refund tracker: Filings are catching up after initial slow rate, and average refund amounts are now up year on year
The retail world comes together March 3-6 in Las Vegas for Shoptalk. Coresight Research CEO Deborah Weinswig will emcee a session in which 15 retail technology startups will compete to win one of two $25,000 prizes. Join us in Track Room 4 starting at 1:45 PM, Sunday March 3.