IN THE NEWS

Reuters|Nov 18, 2016

New Look Seeks Fashion Edge in China with Local Designs

A bigger challenge for New Look may be to secure the right locations, especially as rivals also seek to add hundreds of stores in the coming years. "To find 500 stores of real estate and roll that out in the right way ... I think it is virtually impossible," said Franklin Yao, managing partner at strategy consultants Smith Street. more

Reuters|Jun 02, 2015

Import tax cuts no remedy for retail slowdown

China's economic policymakers clearly didn't consult mother-of-one Chen Xuejun when they decided to try stimulating consumer demand by slashing import tariffs on sneakers to skincare. SmithStreet's Robin Kerawala told Reuters' Adam Jourdan, "It's a good sentiment from Beijing, but the impact on the price consumers will actually see is going to be diluted." more

Reuters|May 25, 2015

China slashes import tax on skincare to shoes to spark domestic demand

The Ministry said lowering duties should steer a shift in consumers' shopping habits, helping boost imports and domestic consumption. Any immediate impact, however, could be limited because import taxes are only one part of the price gap between China and other markets, said Robin Kerawala, Shanghai-based partner at consultancy SmithStreet. more

Reuters|Sep 01, 2014

China's Li Ning Stumbles From Gold Medal Position to No Man's Land

After having lost four-fifths of its market value, Li Ning has made efforts to recapture its glory days by appealing to a younger generation. Even as Li Ning invests to try to build the brand, the company still faces inventory issues that can effect its reputation, said James Button, Director of SmithStreet.  more

Reuters|Apr 03, 2014

GE Recalls Hundreds of Baby 'Warmers' in China Over Safety Fears

Regarding GE's recalls on hundreds of baby "warmers" in China, Jason Loh, a medical expert at SmithStreet said, "at the end, poor and incapable companies will be eliminated, while large local players can focus their strength on R&D and innovation, perhaps taking over market share from foreign players." more

Reuters|Mar 02, 2014

Gap Seeks New Berth In China With Old Navy

Gap, which launched its first Old Navy store in Shanghai on Saturday, plans to open five stores of the value-end chain this year as well as adding 30 Gap stores to its current 81, Gap's Greater China president Jeff Kirwan told Reuters on Saturday. SmithStreet's Cherry Dai told Reuters that "Gap's position in China is not very clear. It's outpaced by Zara on a fashion level and out-competed by Uniqlo on the concept of high-value basics." more

Reuters|Feb 20, 2014

Diamonds and Deals as Danone Struggles For China Bounce

The French dairy giant Danone is handing out the jewels as prizes in promotions to win back consumers it lost last year in claims of high prices, accusations of bribery and food safety scares. "Rivals have moved on faster than Danone because it wasn't just hit by one issue, but several altogether. Going forward, it's going to be tough for Danone to find a way to market itself for China," said Cherry Dai on Reuters, project manager at SmithStreet. more

Reuters|Oct 21, 2013

Starbucks under Media Fire in China for High Prices

Starbucks, as the world's leading coffee chain, was reported making excessive profits in China, by the Chinese state media. The topic has been on fire, and different groups are holding different attitudes toward it. more

Reuters|Sep 17, 2013

In China, the Devil Doesn't Wear Prada

Why Prada can keep a solid growth in China in spite of the government's harsh crackdown on gift-giving while brands like LVMH and Richemont have experienced severe slowdowns in sales. Franklin Yao shared his thoughts, saying that Prada offers an understated choice for China's luxury consumers who would like to stay away from logos. more

Reuters|Jul 03, 2013

NBA's Wade in China to Promote Sneakers, But Supply is Short

Li Ning is obviously missing out on potential sales in the U.S., given the buzz that the shoes have generated, but building out U.S. distribution may not be as quick as the opportunity to sign Dwyane Wade was. more

Reuters|May 02, 2013

Analysis: Wall Street to Best Buy - Now, get out of China

One of Best Buy's problems was that the retailer's own-brand stores never adapted to the local market or succeeded in wooing the Chinese customer, who often shops on e-commerce sites like 360buy.com. more
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