Yak Prices Rise as Buyers Rush to this New Niche Fiber

Yak Prices Rise as Buyers Rush to this New Niche Fiber

Prices for animal fibers are putting pressure on suppliers as demand within in this sector continues to grow. Apart from wool prices, which have been rising due to strong demand from China, yak fiber prices also went up dramatically this year. Since January 2017, crude yak prices increased 100% within 8 months. During the same period, prices of yak down rose more than 70%. Yak has limited production and it’s not possible to increase the supply within a short period of time. Most yak f...
Read More
Is China’s Urban Revivo the Next Zara?

Is China’s Urban Revivo the Next Zara?

Urban Revivo has proven that with the right products and the right strategy, anyone can succeed, even in the world’s most crowded market. French design, fast fashion speed, and Heian Home-style expansion are the keys to Urban Revivo’s strategy.The speed of Urban Revivo’s rise is almost miraculous. In just ten years, the company grew from nothing to China’s leading brand. UR was founded in Guangzhou in 2006 (formerly known as Urban Renewal), and by the end of 2016, the com...
Read More
Collaboration with Ruyi Helps SMCP Back on Its Feet

Collaboration with Ruyi Helps SMCP Back on Its Feet

French fashion conglomerate SMCP, which owns the brands Sandro, Maje, and Claudie Pierlot, has debuted on the Paris stock exchange after it posted strong global sales.The company has benefited greatly from its collaboration with Chinese textile giant, Shandong Ruyi Group.  Shandong Ruyi acquired the SMCP last year for around US$1.5 billion including debt. Apart from the capital infusion, the acquisition helped to place SMCP firmly on the China retail scene, which ultimately turned the fate ...
Read More
5 Things We Expect During This Year’s Singles’ Day

5 Things We Expect During This Year’s Singles’ Day

Last year, Alibaba’s Tmall and Taobao Platform Singles’ Day recorded RMB120.7 billion (US$18.11 billion) in sales on Singles’ Day, up 32.3% from 2015’s RMB 91.2 billion (US$13.68 billion). Industry watchers are expecting Singles’ Day sales this year to increase 25% over 2016’s figure to RMB150 billion (US$22.5 billion). Despite the continual growth and massive transaction volume, annual growth rates are starting to slowdown. By 2019, the total transaction value is likely to exceed RM...
Read More
Volume Orders Find a New Home in Vietnam

Volume Orders Find a New Home in Vietnam

While the Chinese suppliers are being forced to cater to smaller orders and move up the value chain, Vietnamese suppliers are happily picking up the big volume orders from China. “This years business is much better than last year since we are seeing buyers move their orders from China to Vietnam. In the past few months, at least 10 buyers have placed test order with us. If the tests go well, they’ll stay with us and run bigger programs,” Truong Thi Minh Hau, merchandise manager at Vinatex,...
Read More

China Looks to Stable Cotton Prices

By mid-August China had sold an estimated 2.2 million tons of cotton from its stockpile, with the sales close rate at about 90 percent.  However on August 9, the China National Cotton Reserve Corporation (CNCRC) announced that China state cotton auction would be extended one month to end on September 29, 2017.Many believed that since that CNCRC has already met its sales target and cotton prices were already relatively low, there would be less motivation for the nation to extend the auction....
Read More
China’s Legacy Purchasing Meeting Model Starts to Change

China’s Legacy Purchasing Meeting Model Starts to Change

Competition is forcing even the most stalwart companies to seek more agile inventory management.China’s legacy retail purchasing model has come under fire. Facing an increasingly competitive market, many of the nation’s biggest retailers, including Joeone, Cabbeen. Fordoo, and Z.L.Shijia, are starting to reform the traditional purchasing meeting model. These companies are increasing the frequency of purchasing meetings (the meetings with vendors when orders are placed) while reducing...
Read More
China’s Massive Online Market Shifts Gears

China’s Massive Online Market Shifts Gears

The combination of a huge population and high e-commerce penetration rate has laid a solid foundation for China’s online retail development. In the first quarter of 2017, Chinese consumers spent US$ 204.1 billion dollar (RMB 1,404.5 billion) shopping online, more than twice the US$98.1 billion dollars U.S consumers spent online during the same period, according to latest statistics released by National Bureau of Statistics of China.
Read More
Page 1 of 5 FirstPrevious [1]2345 Last