Content about China

January 2, 2014

The case for domestic sourcing received a boost this week after Walmart was required to recall 73,400 five-piece card table and chair sets sold under its Mainstays brand.

The case for domestic sourcing received a boost this week after Walmart was required to recall 73,400 five-piece card table and chair sets sold under its Mainstays brand.

The recall was initiated after Walmart said it received reports of 10 injuries including one instance of a finger amputation and several fingertip amputations. The product was manufactured by the Heshan Camis Industrial Co. Ltd., of Guangdong, China, according to the Consumer Products Safety Commission.

January 2, 2014

Food safety and compliance issues earned Walmart some unwanted attention this week after it was learned that snacks made with donkey meat in China were also found to contain fox meat.

Food safety and compliance issues earned Walmart some unwanted attention this week after it was learned that snacks made with donkey meat in China were also found to contain fox meat.

December 19, 2013

North America’s largest chocolate producer has acquired an 80% ownership interest in the manufacturer of China’s popular Golden Monkey confectionary and snacks brand.

North America’s largest chocolate producer has acquired an 80% ownership interest in the manufacturer of China’s popular Golden Monkey confectionary and snacks brand.

December 19, 2013

Walmart China CEO Greg Foran reiterated the company’s goal of accelerating Sam’s Club growth in the coming years with several published reports indicating the pace of Sam’s Club openings may eventually reach 10 units annually.

Walmart China CEO Greg Foran reiterated the company’s goal of accelerating Sam’s Club growth in the coming years with several published reports indicating the pace of Sam’s Club openings may eventually reach 10 units annually.

December 12, 2013

Amit Menipaz, general manager of structured data at eBay, and John Inwright, president and CEO of Quality Supply Chain Co-op, the co-op for Wendy’s, have been appointed to the GS1 U.S. board of governors.

Amit Menipaz, general manager of structured data at eBay, and John Inwright, president and CEO of Quality Supply Chain Co-op, the co-op for Wendy’s, have been appointed to the GS1 U.S. board of governors.
 

October 25, 2013

The Walt Disney Company said it would enter China in 2015 with a new location planned for Shanghai that measures 10,800-sq.-ft. on a 53,000-sq.-ft. site in the heart of the city’s financial district.

The Walt Disney Company said it would enter China in 2015 with a new retail location planned for Shanghai that measures 10,800-sq.-ft. on a 53,000-sq.-ft. site in the heart of the city’s financial district.
Disney currently operates 340 worldwide locations but until this week’s announcement in Shanghai had steered clear of opening stores in mainland China.

October 24, 2013

Less than two weeks after announcing plans to reduce overall international capital expenditures, top Walmart executives were telling a different story in China this week.

Less than two weeks after announcing plans to reduce overall international capital expenditures, top Walmart executives were telling a different story in China this week.

At a press event in Beijing, Walmart CEO Mike Duke and Walmart China CEO Greg Foran said the company planned to opening as many as 110 new facilities during the next three years including stores in China’s smaller cities while also closing up to 9% of its 397 units and remodeling 165 stores.

October 18, 2013

Under Armour has opened its first retail theater specialty store at the Jing An Kerry Centre in Shanghai, China. The store features a multi-dimensional short film that depicts athletes who use the brand.

Under Armour has opened its first retail theater specialty store at the Jing An Kerry Centre in Shanghai, China. The store features a multi-dimensional short film that depicts athletes who use the brand.

Founder and CEO Kevin Plank and Under Armour athlete Michael Phelps were on hand to host the grand opening event.

October 10, 2013

Following a successful launch in China earlier this year, Hershey is ready to introduce its first new brand to the U.S. market in three decades.

Following a successful launch in China earlier this year, Hershey is ready to introduce its first new brand to the U.S. market in three decades.

October 7, 2013

The Asia-Pacific Economic Cooperation (APEC) organization’s CEO Summit is winding down in Bali, Indonesia and Walmart Asia CEO Scott Price used the event as a platform to share progress the company has made on a variety of fronts.

The Asia-Pacific Economic Cooperation (APEC) organization’s CEO Summit is winding down in Bali, Indonesia and Walmart Asia CEO Scott Price used the event as a platform to share progress the company has made on a variety of fronts.

Price, who serves as chairman of the National Center for APEC, was among a roster of high level business executive and global political leaders to attend the event which ran from October 1-8. Notably absent was U.S. President Barack Obama who had canceled his visit at the last minute due to the U.S. government shutdown.

August 27, 2013

Tiffany & Co. saw sales growth and an improved operating margin for the second quarter ended July 31, fueled largely by its performance in China.

NEW YORK — Tiffany & Co. saw sales growth and an improved operating margin for the second quarter ended July 31, fueled largely by its performance in China. 

The company’s total sales in the Americas region were lackluster, increasing 2% to $444 million in the second quarter. Comparable-store sales remained flat for the quarter.

August 13, 2013

Whirlpool Corporation has entered into agreements to become a majority shareholder in Hefei Rongshida Sanyo Electric Co. Ltd., a leading home appliances manufacturer based in Hefei, China.

BENTON HARBOR, Mich. — Whirlpool Corporation has entered into agreements to become a majority shareholder in Hefei Rongshida Sanyo Electric Co. Ltd., a leading home appliances manufacturer based in Hefei, China.

Through this transaction, a Whirlpool Corporation subsidiary will acquire all shares currently owned by Sanyo Electric Co. Ltd. and Sanyo Electric Co. (China) Ltd., and purchase new Hefei Sanyo shares via a private placement.

August 8, 2013

Campbell Soup Company continues expanding its brands portfolio with its acquisition of Kelsen Group A/S, a producer of baked snacks, including the Kjeldsens and Royal Dansk brands, sold in 85 countries around the world.

CAMDEN, N.J. — Campbell Soup Company continues expanding its brands portfolio with its acquisition of Kelsen Group A/S, a producer of baked snacks, including the Kjeldsens and Royal Dansk brands, sold in 85 countries around the world.

Based in Nørre Snede, Denmark, Kelsen is a market leader in the assortment segment of the sweet biscuits category in China and Hong Kong, where growth in sweet biscuits is outpacing the growth of the $60 billion global sweet biscuits market.

July 22, 2013

GNC is no stranger to China, with more than 60 store-within-a-store locations in eight different major grocery, convenience and health and wellness chains in China. But two years after entering the market, the retailer is opening its first stand-alone location in Shanghai.

PITTSBURGH — GNC is no stranger to China, with more than 60 store-within-a-store locations in eight different major grocery, convenience and health and wellness chains in China. But two years after entering the market, the retailer is opening its first stand-alone location in Shanghai.

GNC plans on opening an additional 25 locations in China within the next 12 months.

May 31, 2013

McCormick & Company, a global manufacturer, marketer and distributor of spices, seasoning mixes and condiments, has acquired Wuhan Asia-Pacific Condiments Co.

SPARKS, Md. — McCormick & Company, a global manufacturer, marketer and distributor of spices, seasoning mixes and condiments, has acquired Wuhan Asia-Pacific Condiments Co. WAPC manufactures and markets the DaQiao and ChuShiLe brand of bouillon products, which have a leading position in the central region of China. 

May 22, 2013

A day after Hershey announced plans to launch a new brand in China — marking the first time the company launches a new brand outside the U.S in its 120-year history — the company announced plans to open its Asia Innovation Center in Shanghai.

SHANGHAI — A day after Hershey announced plans to launch a new brand in China — marking the first time the company launches a new brand outside the U.S in its 120-year history — the company announced plans to open its Asia Innovation Center in Shanghai. 

May 21, 2013

Hershey is heading to China to launch a candy brand called Lancaster, marking the first time in its 120-year history that the company has launched a new brand outside of the United States.

SHANGHAI — Hershey is heading to China to launch a candy brand called Lancaster, marking the first time in its 120-year history that the company has launched a new brand outside of the United States. It’s also the first time in 30 years that Hershey launches a brand that is neither a brand extension nor an acquisition.

The brand will be available in the cities of Wuhan, Hangzhou and Chengdu in June, with wider distribution following next year. 

May 2, 2013

Nike has promoted VP Michael Spillane to VP and GM of Nike’s Greater China geography effective June 1. Spillane replaces Craig Cheek who will move to a global role as VP and GM of Nike’s Young Athletes.

BEAVERTON, Ore. — Nike has promoted VP Michael Spillane to VP and GM of Nike’s Greater China geography effective June 1. 

Spillane was most recently the CEO and president of Umbro, which Nike divested of last year. Spillane replaces Craig Cheek who will move to a global role as VP and GM of Nike’s Young Athletes, where he will oversee strategy and drive growth supporting the company’s key categories around the world.

March 21, 2013

Claire's Stores reported net sales of $493.4 million for the fiscal 2012 fourth quarter, an increase of $58.5 million, or 13.4% compared with the fiscal 2011 fourth quarter.

CHICAGO — Claire's Stores reported net sales of $493.4 million for the fiscal 2012 fourth quarter, an increase of $58.5 million, or 13.4% compared with the fiscal 2011 fourth quarter. 

During fiscal 2012 fourth quarter, the company entered two new countries, opening three stores in China and two stores in Italy.

Consolidated same-store sales increased 5.4% for the quarter, with North America same-store sales increasing 5.9%, and Europe same-store sales increasing 4.4%.  

March 4, 2013

Gap is honoring the 70th birthday of Jimi Hendrix with the launch of two limited-edition t-shirt designs.

SAN FRANCISCO — Gap is honoring the 70th birthday of Jimi Hendrix with the launch of two limited-edition t-shirt designs. The t-shirts feature art from the iconic musician's new album, People, Hell and Angels, which introduces previously unreleased studio recordings from 1969, the year Gap was founded in San Francisco.

February 5, 2013

American Eagle Outfitters has agreed to a mutual termination of its license agreement in China, Hong Kong and surrounding markets with Dickson Concepts (International) Limited.

PITTSBURGH — American Eagle Outfitters has agreed to a mutual termination of its license agreement in China, Hong Kong and surrounding markets with Dickson Concepts (International) Limited. Consistent with its long-term global expansion strategy and the importance of this market, the company took the opportunity to exit its agreement and will assume operation of six existing stores in China and Hong Kong.

February 4, 2013

The Global Food Safety Initiative has named three new members to its board of directors. The appointments were effective as of January 2013.

The Global Food Safety Initiative has named three new members to its board of directors. The appointments were effective as of January 2013.

Joining the board are:

John Carter, senior director own brand and product quality assurance, Metro Cash & Carry, Germany

Anthony C. Huggett, VP quality management, Nestlé, Switzerland

Jian Xu, VP China Resources Vanguard Corporation, China

January 4, 2013

Wal-Mart Asia CEO Scott Price is among the feature speakers participating in this year’s World Retail Congress event scheduled for March 19-21 in Singapore.

Wal-Mart Asia CEO Scott Price is among the feature speakers participating in this year’s World Retail Congress event scheduled for March 19-21 in Singapore.

January 3, 2013

Hormel Foods will acquire the iconic peanut butter brand Skippy from Unilever for approximately $700 million.

AUSTIN, Minn. — Hormel Foods will acquire the iconic peanut butter brand Skippy from Unilever for approximately $700 million.

Hormel, known for its chili, ham and pork products, looks to balance its portfolio with the non-meat protein product. With peanut butter in a $2 billion category with a 74% household penetration, as well as the second most popular sandwich behind ham in the United States, Hormel will be in a good spot to grow its domestic and global brand presence.

December 14, 2012

Turkish retailer Migros appears to fit Walmart’s acquisition criteria even if the timing of a potential deal is less than ideal.

Turkish retailer Migros appears to fit Walmart’s acquisition criteria even if the timing of a potential deal is less than ideal.

Turkey’s leading retailer has been in the headlines a lot this year because the company’s private equity owner, BC Partners, is reportedly looking to dump its ownership position roughly four years after acquiring a majority stake. Various international retailers are said to have had discussions with BC Partners and Walmart is the latest, according to reports this week by the Financial Times, Reuters and other international sources.