SPAR China Partners further expands with new store openings

China, 2017-Nov-22 — /EPR Retail News/ — In the last few months, SPAR China Partners have opened a number of new stores in different regions, varying from SPAR Neighbourhood and a SPAR lifestyle Supermarket to large SPAR Hypermarkets, showing the diversity of the SPAR format in this highly competitive market.

SPAR Guangdong opens three new stores

SPAR Partner Guangdong is accelerating its store network expansion and within just a few weeks of each other, three new stores were recently opened.

The first was the much anticipated second SPAR store in Dalingshan Town. The 335m2 store offers customers a great retail experience with its focus on fresh food, including a wide selection of fresh meats, fruits, vegetables and various ready-to-eat meal solutions, complemented by excellent dry food and non-food product categories. The offerings include freshly prepared foods to order, as well as an extensive Food-to-Go selection. The store has a free WiFi zone and an inviting, open terrace awaits customers. In addition, the store also provides an extensive value-added service offering, including money transfer and credit card & bill payments. This new SPAR lifestyle store enticed crowds of shoppers on opening day who rushed to see the newest luxury shopping destination.

Following on from the Dalingshan Town SPAR store opening, SPAR Guangdong announced the grand opening of SPAR Futong Zizaicheng. The 186m2 SPAR store has an inviting space and atmosphere – designed to satisfy the needs of local residents by combining an extensive range of fresh produce and Food-to-Go options with daily necessities, as well as newspapers, magazines and office stationery. Huge crowds poured into the store to enjoy this new grocery experience on the opening day. “With the opening of SPAR, there is no need to go far anymore to purchase fresh produce,” said a local resident.

The third recent SPAR Guangdong opening took place in Chenzhou – a city located in the south of Henan province. This latest opening has signalled SPAR Guangdong’s ambition to enter new regions. The store has an operating area of 3,000m2 and following the SPAR principles of freshness, choice, value and service, it offers customers value-for-money, top-quality products, sourced both locally and internationally. The product selection includes imported seafood, local specialties and European bakery products to name just a few. The SPAR Own Brand range, the best choice for shoppers, was introduced with high quality products at a low price.

To date, SPAR Guangdong has a presence in eight cities in Guangdong province, operating a total of 78 SPAR stores up from 70 at the start of the year. The new stores give locals access to the globally renowned SPAR Brand, providing shoppers with a pleasant shopping experience that mirrors European best practice retail standards, satisfying the needs of modern consumers who expect top-quality products and service.

SPAR Beijing re-opens renovated store

SPAR Beijing has re-opened its renovated Beilu Garden store. The opening was advertised on local TV, generating strong brand awareness and helping to draw big crowds on opening day.

The newly renovated store is a community-based supermarket offering over 1,500 products, with an increased focus on fresh food items instore such as ready-to-eat meals.

SPAR Beijing is the first retailer in the city to use additive-free ingredients for its pasta and noodle products. The SPAR Partner offers high quality products, enhanced customer service and a pleasant shopping experience, making it a popular choice among shoppers.

SPAR Sichuan holds two grand re-openings

SPAR Sichuan recently celebrated the grand re-opening of two stores. The first, SPAR Barkam, is the most popular community-based supermarket in the region and customers were delighted to once again be able to shop at their favourite store. SPAR Barkam’s fresh department, which has become the focal point of the store, has been enriched with new product ranges available at an attractive price – giving customers easy access to a wide range of sought after fresh produce such as seafood, fruits and vegetables. Barkam is a county-level city located in the northwest of Sichuan province. SPAR Sichuan has identified great market potential in the region and as such has invested in the launch of more stores in the near future.

SPAR Tongjiang, a neighbourhood store in Nuojiang Town, was the second re-opening to take place. The store is representative of the company’s next generation store design and customer experience. Remodelled from the previous Baixin store, it brings customers world-class retailing under the SPAR Brand. The shopping experience and convenience offer are unprecedented thanks to the many improvements like the new branding, bright interior design, new departmental layout and easy-to-read signage. To celebrate the re-opening and thank local shoppers for their loyalty, a series of promotions and discount programmes were offered during the opening days.

With an ever-increasing degree of competition for retailers, SPAR Sichuan has vowed to deepen the partnership with SPAR by enhancing knowledge exchange, implementing best practice from worldwide resources, and opening more new stores catering to the ever-evolving needs of customers.

For more SPAR China news, follow this link.

About SPAR China:

SPAR was introduced to China with the signing of the licence agreement for Shandong Province in 2004. This was followed by the addition of more partners, and now SPAR is operational in nine provinces: Shandong, Guangdong, Shanxi, Inner Mongolia, Beijing, Sichuan, Henan, Hubei and Hebei.

The privately owned retail chains licensed to operate SPAR have a cooperative relationship in line with the original SPAR mission of working together to reduce costs, maximise sales and increase profits. The SPAR China Partners, whilst part of a leading international group, maintain 100% local ownership.

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

Carrefour continues to expand its Carrefour Easy convenience banner in China

Carrefour continues to expand its Carrefour Easy convenience banner in China

 

China, 2017-Sep-21 — /EPR Retail News/ — With 9 new Carrefour Easy stores since the start of the year, Carrefour China is moving forward with its multi-format, omni-channel growth.

While it continues to operate its hypermarkets and roll out its e-commerce business, Carrefour is continuing to expand its Carrefour Easy convenience banner in China.

With sales areas that range from 100 to 250 m², Carrefour Easy is a unique store format in China. Inaugurated in 2015, the banner now counts around thirty or so stores in Shanghai and a first store in Wuxi (in the coastal province of Jiangsu).

The most recent openings attracted high numbers of people – all of whom were curious to learn more about a new shopping experience combining convenience, practicality and freshness. The stores have a range of everyday food items that can be eaten in or taken away, as well as numerous services, including on-site catering, mobile payment facilities, Wi-Fi, lottery tickets, mobile top-ups and a photo printing facility.

On July 31, a new store opened at 209 Guoyao Road in the Pudong district. This store, right in the heart of the business district, is patronised by working people in search of a quick snack, a drink, lunch or other everyday products.

On August 24, Carrefour Easy also opened a store in the Putuo district at 768 Ao’men Road, and then on September 1, the 34th store opened on Hentong road (in the Jing’an district) in a new metropolitan hub complex of offices and shops right in the heart of Shanghai.

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@

Source: Carrefour Group

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M-INDUSTRIE STEIGT INS ONLINE-GESCHÄFT IN CHINA EIN

M-INDUSTRIE STEIGT INS ONLINE-GESCHÄFT IN CHINA EIN

 

Zürich, Switzerland, 2017-Sep-19 — /EPR Retail News/ — Die M-Industrie geht eine Kooperation mit der chinesischen Onlinehandels-Plattform NetEase Kaola ein. Unter dem Namen „Orange Garten“ vertreibt die M-Industrie auf Kaola ein ausgewähltes Sortiment an Migros-Produkten.

Die M-Industrie ist mit NetEase Kaola eine Kooperation eingegangen. NetEase Kaolo ist die Nummer eins im Cross-Border E-Commerce in China. Die M-Industrie führt auf Kaola einen Online-Shop unter dem Namen „Orange Garten“, auf dem Migros-Produkte wie Kaffee, Snacks und Getränke angeboten werden. Ein Ausbau des Sortiments auf Kaola wie auch der Vertrieb über weitere chinesische Online-Kanäle sind in Planung. Angesprochen wird die chinesische Mittelschicht, die ausländische Produkte mit Qualitätsnachweis bevorzugt. Die Ware wird von den Unternehmen der M-Industrie in der Schweiz produziert und an ein Logistikcenter in China verschifft, von wo aus sie über lokale Vertriebspartner zum Endkonsumenten gelangt. https://mall.kaola.com/675665

„Wir verfolgen die Entwicklung im asiatischen Onlinehandel seit einiger Zeit. Mit der steigenden Kaufkraft legen die Chinesen zunehmend Wert auf sichere und hochwertige Lebensmittel. Mit unserem Schweizer Qualitätsverständnis und den hohen Produktionsstandards decken wir dieses Bedürfnis optimal ab. Auf Kaola testen wir nun mit einem ausgewählten Sortiment, wie unsere Produkte bei den chinesischen Konsumenten ankommen, sagt Walter Huber, Leiter M-Industrie und Mitglied der Generaldirektion des Migros-Genossenschafts-Bundes.

Der Name „Orange Garten“ nimmt Bezug auf die Geschichte und Werte der Migros und wird neu für die Vermarktung von Migros-Produkten im Ausland eingesetzt. Um den chinesischen Kunden die Werte hinter den Produkten aufzuzeigen, wurde zudem eine eigene Website unter diesem Namen entwickelt. Sie richtet sich als Informations- und Imageplattform gezielt an den chinesischen Markt. www.orangegarten.cn

Kurzportrait M-Industrie

Die M-Industrie gehört mit ihren 25 leistungsstarken Unternehmen in der Schweiz und 7 Produktions­betrieben sowie diversen Handelsplattformen im Ausland zur Migros-Gruppe. Sie bietet über 20’000 hochwertige Food- und Near-Food-Produkte zum besten Preis-Leistungs-Verhältnis an und ist damit einer der grössten Eigenmarkenproduzenten weltweit. Die M-Industrie setzt auf den Industriestandort Schweiz; ihr Geschäft – basierend auf den Werten Leistungs­fähigkeit, Qualität und Zuverlässig­keit – baut sie laufend aus. Als Industriegruppe der Migros ist sie nahe am Markt, setzt Trends und überrascht mit innovativen Produkten und Dienstleistungen. Sie exportiert Schweizer Qualitätsprodukte in über 50 Länder. Zu ihren Kunden gehören nam­hafte internationale Grossunternehmen. Die M-Industrie produziert verantwortungsvoll und nachhaltig. Sie transportiert die Waren wenn immer möglich mit der Bahn. Mit über 13’000 Mitarbeitenden, darunter 538 Lernende in über 30 Berufen, ist sie eine bedeutende Arbeitgeberin in der Schweiz. www.mindustrie.com

Über NetEase Kaola

Seit der Gründung im Januar 2015 hat sich NetEase Kaola (www.kaola.com) zur führenden Online-Handelsplattform für importierte Produkte in China entwickelt. Kaola möchte chinesischen Verbrauchern hochwertige ausländische Produkte über eine sichere Lieferkette anbieten, die das geistige Eigentum der Hersteller schützt und den Handel gefälschter Waren unterbindet. Auf Kaola.com werden mehr als 5‘000 Marken aus über 80 Ländern verkauft.
Kaola unterhält 12 Niederlassungen in China, Deutschland, den USA, Italien, Japan, Südkorea, und Australien. Kaola verfügt über die grösste Zolllagerfläche Chinas (knapp 300.000 m² werden bereits genutzt).

Über NetEase, Inc

NetEase, Inc. (NASDAQ: NTES) ist ein führendes Internetunternehmen in China, das Onlinedienste für Content, Communities, Kommunikation und Handel anbietet. NetEase betreibt einige der beliebtesten chinesischen PC- und Handyspiele, Werbe- und E-Mail-Dienste sowie Onlinehandelsplattformen. Über Lizenzvereinbarungen mit Blizzard Entertainment, Mojan AB und weiteren globalen Spieleentwicklern, bietet NetEase zudem einige sehr beliebte internationale Online-Spiele in China an. Nähere Informationen finden Sie unter: http://ir.netease.com/

Contact:
Monika Weibel
Migros-Genossenschafts-Bund
Mediensprecherin Migros
TEL: 058 570 38 23
E-MAIL: monika.weibel@mgb.ch

Source: Migros

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Making Change At Walmart: “WALMART PROPOSES MORE MANUFACTURING JOBS, EVEN AS IT DESTROYS THEM”

WASHINGTON D.C., USA, 2017-Aug-03 — /EPR Retail News/ — In response to Walmart’s release of a “Policy Roadmap to Renew U.S. Manufacturing,” Making Change At Walmart Director Randy Parraz has issued the following statement:  

“Walmart doesn’t care about creating supplier manufacturing jobs in America, it cares about getting the cheapest product made, regardless of the cost. 

The release of a ‘policy roadmap’ is a pathetic publicity stunt. Sadly, Walmart pretends to propose more U.S. manufacturing jobs, at a time when its pressure is destroying them, like in Milton, Penn., and also at a time when it is recruiting more overseas vendors in China and other countries.

If Walmart wants to create more American manufacturing – the answer is simple: buy American,” concludes Parraz. 
  
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CONTACT:
Amy Ritter, (202) 251-5907

Watsons China ranked 25th in the latest “Top 100 New Retail Brands Ranking 2017”

Hong Kong, 2017-Jul-19 — /EPR Retail News/ — Watsons China was ranked 25th among the top retail brands in China, according to the latest “Top 100 New Retail Brands Ranking 2017” released by PinTu, a renowned business media platform based in China. The recognition reflects that Watsons has become a highly trusted and popular brand and successfully earned customers’ heart in China.The ranking grounded on an in-depth research of retail brands in China across 5 categories – Financial results of the business, retail foundation, digitalisation, channels development and Innovation on the business model.

As one of the leading health and beauty retailers in Mainland China, Watsons’ footprint has expanded rapidly throughout the country with more than 3,000 stores in over 430 cities and over 60 million members. In the digital arena, Watsons China has a strong online presence in eCommerce with its newly launched mobile app “萵筍” (pronounced as “Watsons”) and the electronic membership card lately, which offers one-stop solution to customers while enabling round-the-clock, O2O (Online-to-Offline) service.

Source: A.S. Watson Group

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Starbucks provides critical illness insurance plan for partners in China

Starbucks provides critical illness insurance plan for partners in China

 

  • New benefit will provide fully-sponsored critical illness insurance coverage to more than 10,000 parents of its Chinese partners
  • Program honors the strong role parents have in the success of its partners, while recognizing the deeply-rooted Chinese family values

BEIJING, China, 2017-Apr-12 — /EPR Retail News/ — Starbucks Coffee Company (NASDAQ: SBUX) today (April 10, 2017) established a new precedent for the role and responsibility of a public company leading through the lens of humanity in China – its largest and fastest-growing second market. Beginning June 1, 2017, Starbucks will offer a critical illness insurance plan for the parents* of its eligible** full-time partners (employees) in company-operated stores across Mainland China. This industry-leading investment will benefit over 10,000 parents of its Chinese partners.

The ‘Starbucks China Parent Care Program’ was announced by Howard Schultz, executive chairman, Starbucks Coffee Company, and Belinda Wong, ceo, Starbucks China, at a Starbucks Partner Family Forum in Beijing, the latest in a series of family forums the company has held with its Chinese partners and their families since 2012.

“Our core purpose and reason for being has always been driven by a set of beliefs steeped in humanity and I’m extremely proud to be able to support our Chinese partners and their parents through the Parent Care Program,” said Schultz. “Supporting critical illnesses for aging parents exemplifies what we believe is our responsibility as a global public company and honors the family values deeply-rooted in the Chinese culture.”

Addressing a key concern of partners

In 2010, the company introduced Starbucks Caring Unites Partners (C.U.P.) Fund in China which provides financial assistance to partners and their families in times of need. An analysis of the C.U.P Fund requests over the past seven years, as well as conversations with partners revealed that more than 70 percent of Chinese partners are concerned about the health of their parents as they age. Those who are single, making up 80 percent of retail partners in China, are specifically concerned about their financial ability to provide for their parents’ long-term care should a critical illness occur.

“Culturally, parents play an important role in the lives and career choices of our Chinese partners and they are a natural extension of our Starbucks family in China. Through this new investment, we are stepping up on our responsibility to help our partners take care of their aging parents by alleviating the financial costs that may arise during a family emergency,” added Belinda Wong, ceo, Starbucks China. “Starbucks success in China is directly attributed to the passion and dedication of our partners as well as the unwavering support from their family.”

Redefining health care benefits in China

The ‘Starbucks China Parent Care Program’ is a unique, innovative plan created in collaboration with one of the top insurers in the country to complement the current China Social Medical Insurance Program. The plan leverages Starbucks considerable partner base in China to create a tailored program to alleviate health care and treatment costs associated with a critical illness for its partners.

“The active participation by the private sector is critical to China’s efforts to further enhance the social security system to support our aging population. Starbucks has responded positively to the Government’s call to elevate the commercial health insurance industry, our social security network and to promote a ‘Healthy China’. It is also a firm demonstration of Starbucks social responsibility efforts to give back to the community in a meaningful manner,” said Mr. Jiang Chongguang, Deputy Secretary-General of the Insurance Society of China.

Li Ling, 29, a Starbucks store manager and Coffee Master in Deyang, Sichuan Province, and her family experienced the financial burden when both her mother and grandmother fell ill at the same time.

“I’ve always been concerned by the financial responsibility of caring for my family and now I have my Starbucks extended family here to support me,” said Ling. “It’s a great relief to me, and all of my Chinese partners, that Starbucks has taken a leadership position to support the health and care of our aging parents. I’m incredibly grateful to be with a company that understands our hopes, dreams and aspirations for the future.”

With more than 2,600 stores, across 127 cities, and nearly 40,000 partners across the country, the ‘Starbucks China Parent Care Program’ builds on Starbucks health insurance coverage available to both full- and part-time partners, their spouses and children across the country and its unparalleled, locally-relevant partner benefits, including: the Starbucks China University, Starbucks China Talent Exchange Program, a housing allowance subsidy for full-time baristas and shift supervisors, and a Career Coffee Break (sabbatical).

Starbucks has a long history of providing industry-leading benefits. Since 1988, Starbucks has offered comprehensive benefits, including affordable and comprehensive health care to eligible part-time and full-time partners in the U.S. To address the growing cost of higher education in the United States, Starbucks created the Starbucks College Achievement Plan in 2014 for eligible U.S. partners to earn bachelor’s degrees through Arizona State University with full tuition reimbursement. Announced in 2015, the innovative Home Sweet Loan programme in the U.K. provides an interest-free loan to help partners pay rental deposits when moving into a new home and, last year, Starbucks Korea introduced its College Achievement Plan to provide tuition support for partners who want to finish their four-year college degrees.

*Parents of Starbucks partners must be below the age of 75 to qualify for the insurance program. Other conditions may apply based on pre-existing health requirements stipulated by the insurance coverage provider. It will cover the medical treatment of 30 common critical illnesses among the elderly in China.

**Fully sponsored critical illness insurance program will be extended to partners who have served at least two years in the company’s company-owned markets. The parents must also currently be residing within Mainland China.

MEDIA CONTACT:

Global
Phone: 206 318 7100
Email: press@starbucks.com

SOURCE: Starbucks Corporation

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Carrefour opened its 27th Easy Carrefour Store in Shanghai, China

CHINA, 2017-Apr-03 — /EPR Retail News/ — On March 23rd 2017, Carrefour successfully opened its 27th Easy Carrefour Store in Shanghai, China.

Sitting on Long Dong Avenue, the newly-opened Easy store covers an area of approximately 332 square meters with over 4,000 items.
The first convenience store under Easy banner opened its door in 2004, and Carrefour China has now a total of 27 stores in Shanghai.

At Carrefour, we are committed to facilitate our consumers with a more convenient lifestyle to the surrounding consumers by offering an abundance of goods and quality services to meet the daily necessities of community residents.

SOURCE: Carrefour

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@carrefour.com

Carrefour China joins One Store One School One Farm Project across China

Carrefour China joins One Store One School One Farm Project across China

 

China, 2017-Mar-31 — /EPR Retail News/ — The project One Store, One School, One Farm is designed to choose Carrefour stores, primary schools and farms to establish cooperation relations, encouraging students to participate in the practical activities and educating them for the knowledge of food safety, nutrition and anti food waste. 2000+ students, 2000+ employees from 100 Carrefour stores and farmers nationwide will join hands to accomplish the project in three years.

By end March, 2017, 300+ students from 13 primary schools and 250+ employees from 12 Carrefour China stores have joined One Store One School One Farm Project across China (Shanghaï, Schenzhen, Chendu, Beijing, Shenyang and Wuhan). 13 activities including bakery class, little experts (lab test) and farm experience were organized, and the education and knowledge of food safety, nutrition and anti food waste have been promoted to all of those students and their families.

This operation has been rewarded by China Youth Development Foundation with the Contribution Award 2016  for One Store One School One Farm Project launching in China.

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@

Source: Carrefour Group

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Starbucks launches “用星说” (Say it with Starbucks) social gifting feature on Weixin, in China

Starbucks launches “用星说” (Say it with Starbucks) social gifting feature on Weixin, in China

 

“用星说” (Say it with Starbucks), a new social gifting feature on Weixin, fosters deeper human connections through the instant delivery of gratitude and love with the gift of Starbucks

SHANGHAI, 2017-Feb-11 — /EPR Retail News/ — Starbucks Coffee Company (NASDAQ: SBUX) today (February 9, 2017) announced the launch of “用星说” (Say it with Starbucks), a new social gifting feature on Weixin, in China. Co-created by Starbucks and Weixin, China’s leading mobile social communications service, this pioneering online-to-offline social gifting innovation encourages everyday acts of kindness and appreciation among family and friends, by enabling users to instantly and conveniently gift a Starbucks beverage or digital gift card. Starbucks is the first retail brand to bring to life a locally-relevant social gifting experience in China. The launch today follows the strategic partnership announcement between Starbucks and Tencent in December 2016.

“Our new social gifting feature aims to deepen the shared moments of connection by allowing our customers to express their love, concern and gratitude, with the gift of Starbucks, to the people most important to them,” said Belinda Wong, ceo, Starbucks China. ”By leveraging the power and reach of Weixin, we want to encourage everyday simple acts of kindness to put a smile on someone’s face at any time or place, while elevating the unique Starbucks Experience beyond our retail stores in China.”

During the initial launch period, Weixin has opened a convenient access for ‘Say it with Starbucks’ users in its Weixin Wallet-function, demonstrating the significance of the strategic partnership to both companies. The Starbucks China Weixin official account continues to provide a fast, permanent access to the social gifting feature.

Users will be able to select from a carefully curated selection of Starbucks-branded gifts and add a personalized message in the form of text, image or video to uplift the day of a loved one. Once a gift is received, it will be saved in the recipient’s Weixin app and can be redeemed at any Starbucks store in Mainland China.

“This is the beginning of an exciting social gifting journey for Starbucks. During the trial phase two weeks ago, our partners (employees) and many Starbucks customers became the first in China to experience this innovation and have conveyed tens of thousands of gestures of love, gratitude and care to their friends and loved ones,” added Molly Liu, vp, China Digital Ventures. “We are looking forward to inspire even more of our customers to show their love and appreciation through ‘Say it with Starbucks.’ Meanwhile, we will continue to enhance the social gifting experience to celebrate important festivals and holidays in China and the special moments in our customers’ lives.”

A sister product of WeChat, Weixin targets Chinese domestic users, and together, the platform has 846 million global monthly active users (as of the third quarter of 2016).

Media Contact:

Global
Phone: 206 318 7100
Email: press@starbucks.com

Source: Starbucks

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Yum China Holdings, Inc. and Taco Bell Corp. open the first Taco Bell restaurant in China

Yum China Holdings, Inc. and Taco Bell Corp. open the first Taco Bell restaurant in China

 

Shanghai, China, 2017-Jan-11 — /EPR Retail News/ — Yum China Holdings, Inc. (“Yum China”, NYSE: YUMC ), and Taco Bell Corp., the world’s largest Mexican-inspired restaurant chain, today (January 9, 2017) announced that they have opened the first Taco Bell restaurant in the second largest economy in the world: China. The inaugural restaurant is located near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui area, the city’s central business district, and is Taco Bell’s latest international market entry as it grows the brand globally.

“We are thrilled to bring Taco Bell to China with the official opening of the first restaurant at a spectacular location in Shanghai,” said Micky Pant, Chief Executive Officer of Yum China. “Consumers in China today want the best the world has to offer, and Taco Bell is one of the most exciting brands anywhere. Leveraging our deep insights into Chinese consumer preferences, developed from close to 30 years operating in this market, we thoroughly researched and fine-tuned the Taco Bell menu for China and the initial response from customers is very encouraging.”

The menu features the brand’s favorites that have been adapted to local tastes. High quality ingredients coupled with newly developed sauces create items such as the Shrimp and Avocado Burrito unique to Taco Bell restaurants in China. The Crunchy Taco Supreme is now loaded with Taco Bell’s signature Nacho Cheese Sauce and the Volcano Chicken Burrito features spicy Sriracha sauce.

Customers can also order shared plates featuring seasoned nacho chips, spicy fried chicken, and Mexican fries. These menu items pair perfectly with a variety of alcoholic beverages including ice-cold beer on draft and specialty cocktails like the Margarita and the Mojito. The Mexican inspired classics are made-to-order in a transparent, open kitchen where fans can see their food being handmade. Self-order kiosks allow consumers to study the menu and beat the rush at peak hours. The unique menu and ambience combine to create a totally unique and fun experience for Chinese consumers.

The official launch of the restaurant follows the soft opening during which Taco Bell fans have been sharing their love for the brand through social media posts, blogs, and videos. Over 1,000 fans participated in a selfie soft opening promotion and continue to voice their excitement for the brand’s arrival in China.

Mr. Pant continued, “Taco Bell is an innovative brand with a strong heritage that we believe will resonate well with Chinese millennials. Built around the concept of ‘Live Mas’ – literally meaning ‘Live More’ – Taco Bell encourages its customers to try things they’ve never tried before. I look forward to creating experiences that surprise and delight people as we expand the Taco Bell brand in China.”

The Shanghai restaurant showcases Taco Bell’s classic California inspired look and design, perfect for enjoying meals worth sharing with friends and groups. The restaurant features guitars, graffiti art and surfboards hanging from the ceiling, while also integrating advanced technology throughout, including free Wi-Fi, digital ordering kiosks, digital menu boards and a range of payment options, providing customers with a fully immersive and convenient in-restaurant experience.

“Building restaurants in new international markets is a key component to the overall growth and evolution of Taco Bell and we’ve just scratched the surface of our global unit expansion potential,” said Brian Niccol, Chief Executive Officer of Taco Bell Corp. “The opening of this Taco Bell restaurant in China is an exciting milestone for the brand as this market holds tremendous growth potential. We look forward to supporting Yum China as it builds Taco Bell’s presence in the country.”

Currently, Taco Bell has more than 7,000 restaurants in the world with over 300 in 26 countries outside of the United States. Taco Bell’s first restaurant in China is part of the brand’s global growth strategy of reaching 1,000 restaurants internationally by 2022.

About Yum China Holdings
Yum China Holdings, Inc., with executive offices in Shanghai, China, is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, China’s leading quick-service restaurant concept, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, which opened in China at the end of 2016. Yum China also owns the Little Sheep and East Dawning concepts outright. Yum China is well positioned for growth thanks to its strong competitive position, integration of its brands into Chinese popular culture and consumers’ daily lives, expanding geographic footprint in China and existing operational expertise. It has a strong capital position, no external debt and expects to continue growing its system sales and profit by adding new restaurants and through growing same-store sales. Yum China has more than 7,300 restaurants and more than 400,000 employees in over 1,100 cities, and generated over $8 billion in system sales in 2015. A new generation of younger consumers who are digitally sophisticated and brand driven are fueling growth in consumption in China. The ongoing growth of the middle class and urban population in China is expected to create the world’s largest market for restaurant brands, with Yum China poised to be the market leader.

About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, has nearly 43,000 restaurants in 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. The Company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Forward-Looking Statements
Certain statements in this communication contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on current estimates and assumptions made by Yum China or Taco Bell in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the future business plans and earnings and performance of Yum China and Taco Bell, and anticipated effects of population and macroeconomic trends. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of the expectations, estimates or assumptions expressed herein will be achieved. The forward-looking statements are only made as of the date indicated on the relevant materials, and Yum China, Yum! Brands and Taco Bell disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. Numerous factors could cause actual results to differ materially from those expressed or implied by forward-looking statements, including, without limitation: whether Yum China or Taco Bell is able to achieve development goals at the times and in the amounts currently anticipated, if at all, the success of marketing campaigns and product innovation, the ability to maintain food safety and quality control systems, the ability to control costs and expenses, including tax costs, as well as changes in political, economic and regulatory conditions in China and elsewhere. In addition, other risks and uncertainties not presently known or that are currently believed to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult Yum China’s and Yum! Brands’ filings with the Securities and Exchange Commission for additional detail about factors that could affect financial and other results.

ABOUT TACO BELL® CORPORATION

Taco Bell Corp., a subsidiary of Yum! Brands, Inc. (NYSE: YUM), is the nation’s leading Mexican-inspired quick service restaurant (QSR) brand. From breakfast to late night, Taco Bell serves made-to-order and customizable tacos and burritos, among other craveable choices, and is the first QSR restaurant to offer American Vegetarian Association (AVA)-certified menu items. Taco Bell and its more than 350 franchise organizations proudly serve over 42 million customers each week through 7,000 restaurants across the nation, as well as through its mobile, desktop and delivery ordering services. Overseas, Taco Bell has over 250 restaurants, with plans to add 2,000 more restaurants internationally within the next decade. The brand encourages its fans to “Live Mas” and connects with them through sports, gaming and new music via its Feed The Beat® music program. Taco Bell also provides education opportunities and serves the community through its nonprofit organization, the Taco Bell® Foundation™, and connects fans with their passions through programs such as the Live Mas Scholarship program. In 2016, Taco Bell was named as one of Fast Company’s Top 10 Most Innovative Companies in the World.

Like: Facebook.com/tacobell
Follow: @TacoBell (Twitter) and tacobell (Instagram)
Subscribe: YouTube.com/tacobell

Contact:

Tel:  949-863-3915
e-mail: media@tacobell.com

Source: Taco Bell Corp.

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First Starbucks® Single-origin Yunnan coffee launches in China

First Starbucks® Single-origin Yunnan coffee launches in China

 

SHANGHAI, China, 2017-Jan-05 — /EPR Retail News/ — Starbucks Coffee Company (NASDAQ: SBUX) today (January 3, 2017) launched its first Starbucks® Single-origin Yunnan coffee to usher in the New Year in China. Available for a limited time across all Starbucks retail locations in Mainland China, the new Starbucks® Single-origin Yunnan coffee pays tribute to four years of close collaboration between the Starbucks China Farmer Support Center and local coffee farmers in Pu’er, Yunnan Province. The introduction of the Starbucks® Single-origin Yunnan coffee, which features 100 percent arabica coffee from the region, signifies an important step forward to completing the Starbucks China supply-chain, delivering premium coffee from bean to cup.

“The Starbucks Yunnan Coffee Project is about creating a positive impact on the local coffee farming communities and we are thrilled to bring this vision to life with the launch of the Starbucks® Single-origin Yunnan coffee, especially at the beginning of the New Year,” said Belinda Wong, ceo, Starbucks China. “We will continue to build on the strong foundations established by the Starbucks China Farmer Support Center to deepen our partnership with local farmers and to develop even more localized, high-quality coffee that can be celebrated and enjoyed in Starbucks stores across China and globally.”

Located at the same latitude as other renowned coffee-producing regions, such as Colombia and Jamaica, Pu’er is the coffee capital of China. The distinctive packaging of the Starbucks® Single-origin Yunnan coffee is inspired by its sub-tropical landscape, which is home to soaring mountains, running creeks, and vibrant coffee and tea plantations.

“Over the past few years, we have been extremely humbled by how the local Pu’er coffee farming community has embraced us as part of their extended family,” said Alan Tong, director, Starbucks Farmer Support Center. “The Starbucks® Single-origin Yunnan coffee is the fruits of labour for many local farmers and I am very excited that we are able to share them with our customers in China. This medium-roasted coffee is rich, multidimensional and consistently captures the unique flavors of Yunnan in a Starbucks cup – herbal notes, balanced acidity, and a smooth and elegant mouthfeel.”

Yunnan plays an important strategic role in Starbucks growth in China. In 2012, Starbucks established its first Asia-based Starbucks Farmer Support Center in Pu’er with the aspiration to help improve the quality of Yunnan coffee and to share it with the world. Over the past four years, the Starbucks Farmer Support Center has trained nearly 10,000 farmers in Yunnan province on sustainable farming practices. It has also certified over 1,200 farms, covering nearly 11,000 hectares of land, through the company’s Coffee and Farmer Equity (C.A.F.E.) Practices, which ensures high-quality coffee that is grown in a socially and environmentally responsible manner. In the 12 months between 2015 and 2016 alone, the Starbucks Farmer Support Center has certified 576 farms.

Starbucks has a long history of collaboration with Yunnan coffee farmers. In early 2009, as part of the Starbucks 10th Anniversary celebrations in China, the company launched the Starbucks® South of the Clouds Blend®, featuring high-quality Yunnan arabica coffee beans. With firm support from the local and provincial governments, the Starbucks® South of the Clouds Blend® is now available in Starbucks stores in numerous locations across Asia and the United States.

Media contact:

Global
Phone: 206 318 7100
Email: press@starbucks.com

Source: Starbucks

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Wincor Nixdorf announces joint venture agreement with Aisino Corporation in China

Agreement re-establishes competitive presence in China with leading IT services provider

NORTH CANTON, Ohio and PADERBORN, Germany, 2016-Nov-14 — /EPR Retail News/ — Wincor Nixdorf AG today (Nov. 11, 2016) announced it recently finalized a previously announced joint venture agreement with the Aisino Corporation in China. This agreement allows the newly combined Diebold Nixdorf to develop, produce and market an extensive range of hardware, software and services for banks and retailers in China, in accordance with Chinese regulations.

Following closing of the transaction, Diebold Nixdorf will hold a 43.6 percent minority interest in the joint venture, first announced by Wincor Nixdorf on June 22, 2016.

About Diebold Nixdorf
Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Contact:

U.S. Media Relations:
Mike Jacobsen
+1-330-490-37976
michael.jacobsen@dieboldnixdorf.com

Investor Relations:
Steve Virostek
+1-330-490-6319
steve.virostek@dieboldnixdorf.com;

Germany Media Relations:
Andreas Bruck
+49 151 1512 3018
andreas.bruck@dieboldnixdorf.com

SOURCE: Diebold Nixdorf

Diebold Nixdorf re-establishes presence in China with Inspur Group joint venture agreement

Re-establishes competitive presence in key market with leading IT company

NORTH CANTON, Ohio and PADERBORN, Germany, 2016-Nov-14 — /EPR Retail News/ — Diebold, Incorporated today (11 November 2016) announced it has finalized its previously announced joint venture agreement with the Inspur Group. This agreement allows the newly combined Diebold Nixdorf to better provide a complete range of self-service solutions within the China market, including automated teller machines (ATMs), non-cash terminals and kiosks, in accordance with Chinese regulations. Also, Diebold Nixdorf will serve as the exclusive distributor outside of China for all products developed by the new joint venture, which will be sold under the Diebold Nixdorf brand.

Following closing of the transaction, Diebold Nixdorf will hold a 40 percent minority interest in the joint venture, initially announced by Diebold, Incorporated on Dec. 18, 2015.

About Diebold Nixdorf
Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Contact:

U.S. Media Relations:
Mike Jacobsen
+1-330-490-37976
michael.jacobsen@dieboldnixdorf.com

Investor Relations:
Steve Virostek
+1-330-490-6319
steve.virostek@dieboldnixdorf.com;

Germany Media Relations:
Andreas Bruck
+49 151 1512 3018
andreas.bruck@dieboldnixdorf.com

SOURCE: Diebold Nixdorf

Starbucks announces the introduction of Nitro Cold Brew in China

Starbucks announces the introduction of Nitro Cold Brew in China
Starbucks announces the introduction of Nitro Cold Brew in China

 

  • China is the first international market, outside of the U.S. and Canada, to launch Nitro Cold Brew
  • Starbucks aims to rollout the new handcrafted cold coffee innovation across more locations in China, further deepening its coffee leadership position in the market

SHANGHAI, 2016-Nov-12 — /EPR Retail News/ — Starbucks (NASDAQ: SBUX) announced today (November 10, 2016) that the China World Trade Centre Starbucks store in Beijing is the first location in China, and outside the U.S. and Canada, to introduce Nitro Cold Brew on tap alongside its classic Cold Brew and more locations are to come over the next few months. The introduction of Nitro Cold Brew in China comes after a highly successful nationwide launch of Starbucks Cold Brew. Starbucks will once again bring a brand new delightful handcrafted cold coffee experience to its Chinese customers.

“We have been relentless in our pursuit to perfect our coffee expertise and Nitro Cold Brew is a firm demonstration of our significant investments in coffee-forward product innovations to deepen our coffee leadership position,” said Belinda Wong, ceo, Starbucks China. “Something magical happens whenever we combine our innovation with the unbelievable passion of our skilled Starbucks barista. The handcrafted Nitro Cold Brew will surprise and exceed the expectations of customers who are seeking a different kind of coffee artistry experience in China.”

Nitro Cold Brew – Starbucks newest take on its signature Nariño 70 Cold Brew. Cold Brew – is infused with nitrogen that unlocks the super-smooth, natural sweetness of Cold Brew coffee, which then cascades from the tap with a velvety and creamy texture that customers can see and taste. It is deliciously cold and is served unsweetened, and without ice, to highlight the flavor the cold brewing process brings out in the coffee. Since its launch in May 2016, Nitro Cold Brew is one of the most popular beverages at the Starbucks Reserve® Roastery and Tasting Room in Seattle.

“Our customers embraced the smooth, full-bodied flavor of Starbucks Cold Brew when it was first introduced in China last summer. There’s a lot of time and passion that goes into brewing each batch of Cold Brew, so it’s been especially rewarding to see customers enjoying it,” said Xi Wen, coffee master and store manager, China World Trade Centre Starbucks Reserve™ store. “I am proud that my store has been selected as the first store in China to introduce the Nitro Cold Brew, and I am looking forward to introducing this new handcrafted cold coffee experience to my customers and partners.”

Recipes for cold coffee beverages are developed by Starbucks® coffee and research teams, who taste hundreds of cups of coffee to ensure the right blend, roast and brewing method is used to create the perfect flavor profile. Starbucks Cold Brew features a blend of high-quality varietals from Latin America and Africa, which delivers a sweet, dense and smooth coffee punctuated with a chocolatey and citrusy flavor profile.

Media contact:

Global
Phone: 206 318 7100
Email: press@starbucks.com

Source: Starbucks

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CHINA: SPAR Shanxi embraces new technologies and innovations instore with the introduction of smart robot named Xiao Te

Shanxi, China, 2016-Nov-02 — /EPR Retail News/ — SPAR Shanxi has introduced a smart robot instore, attracting great attention from shoppers. The robot, named Xiao Te, visited a total of 20 stores in Taiyuan city.

The SPAR China Partner is shifting from a traditional supermarket concept to a focus on fresh and healthy living, taking active measures to create a more modern shopping experience for customers. In this new retail format, SPAR Shanxi attracts shoppers by improving the quality of products and services and catering for all kinds of shopper needs.

The smart robot is a reflection of SPAR Shanxi’s determination to embrace new technologies and innovations instore.

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

China: SPAR opens two stores in Meizhou, Guangdong

Meizhou, China, 2016-Oct-28 — /EPR Retail News/ — The city of Meizhou in the Chinese province of Guangdong has welcomed its first two SPAR stores – bringing the brand to the local Meizhou community for the first time.

SPAR Wanda was the first to open. It was unveiled on 23 September and set the tone for SPAR’s expansion into Meizhou. The store was designed and developed in the hypermarket format, covering an area of 8,800 m2, on the second and third floors of the Wanda Shopping Mall. In total, 20,000 products are on offer in this store, from fresh food and grocery items to fashion accessories.

The SPAR Wanda opening was followed by the launch of SPAR Jailing Aoyuan on 28 September. This too is a hypermarket, covering 10,000m2 and three floors.

SPAR Guangdong has plans in place to open more SPAR stores in Meizhou, with a total sales area of 40,000m2, creating more than 2,000 jobs in the next three years. The third SPAR store in Meizhou is set to open in December.

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

Sequential Brands Group partners with Guirenniao Co., Ltd. to bring AND1® basketball brand to China

NEW YORK, 2016-Oct-27 — /EPR Retail News/ — Sequential Brands Group, Inc. (Nasdaq:SQBG) (“Sequential” or the “Company”) announced today (Oct. 26, 2016) that it has entered into a long-term agreement with Guirenniao Co., Ltd. (“GRN”) to bring the AND1® basketball brand to China.

Under the new agreement, GRN will work closely with the Company to develop and distribute a line of men’s and boys’ basketball apparel, accessories and footwear. The collection will launch in 2017 across both traditional and digital retail channels. Standalone AND1 retail stores as well as women’s apparel and footwear is planned for 2018.

“With over 300 million people in China playing basketball and a rapidly growing interest in the sport, we see an incredible opportunity to engage with consumers in a critical market, as we look to further expand the AND1 brand globally,” said Eddie Esses, President of Sequential’s Active Division.

“We are pleased to partner with Sequential Brands Group to introduce an authentic lifestyle basketball brand like AND1 to Chinese consumers,” stated Mr. Tianfu Lin, Chairman of Guirenniao Co., Ltd. “This partnership will serve as an important milestone in the strategic growth and development of GRN as we plan to invest substantially in making AND1 a major sports brand throughout China.”

AND1® is a premier basketball footwear and apparel brand that has remained synonymous with the game of basketball and its streetball lifestyle for nearly 25 years. Today, the mission of the brand remains a never-ending quest for excellence on and off the court. AND1’s footwear, apparel and accessories can be found at select retailers around the world. For more information, visit www.and1.com.

About Sequential Brands Group, Inc.
Sequential Brands Group, Inc. (Nasdaq:SQBG) owns, promotes, markets, and licenses a portfolio of consumer brands in the home, fashion and active categories, which includes the AND1® basketball brand. Sequential seeks to ensure that its brands continue to thrive and grow by employing strong brand management, design and marketing teams. Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers and distributors in the United States and around the world. For more information, please visit Sequential’s website at: www.sequentialbrandsgroup.com. To inquire about licensing opportunities, please email: newbusiness@sbg-ny.com.

About Guirenniao Co., Ltd. (“GRN”)
GRN is a leading sports brand in China with over 4,000 stores across the country. Listed on the main board of the Shanghai Stock Exchange, GRN is China’s only sports brand listed in mainland China. Established in 1987, GRN has been enjoying exciting growth by offering exceptional style, quality, service and value to Chinese consumers. GRN is actively building a universe of sports to offer consumers a total sports experience, covering sports media, e-commerce, sports talent management, campus sports program, multi-brand retail networks, and sports investment.

Media Contact:

Sequential Brands Group, Inc.
Jaime Cassavechia
+1 212-518-4771 x108
jcassavechia@sbg-ny.com

Source: Sequential Brands Group, Inc./globenewswire

Starbucks mobile payment experience launches in China

SHANGHAI, 2016-Jul-14 — /EPR Retail News/ — As part of its continuous investments to deliver an exceptional customer experience in China, Starbucks (NASDAQ: SBUX) today announced the launch of the Starbucks mobile payment experience aimed at providing My Starbucks Rewards® (MSR) members access to a fast, seamless and convenient way to pay for purchases, using their pre-loaded Starbucks Gift Card, at more than 2,200 stores nationwide, via their mobile devices.

“Our customers in China have a very high expectation of their digital experience and we are thrilled that the new mobile payment experience will enhance and transform the way we connect and build a meaningful relationship with them,” said Belinda Wong, president, Starbucks China. “With the ongoing seismic shift in consumer behavior due to mobile technology, Starbucks is committed to exploring new ways to leverage digital innovations to deliver an elevated Starbucks Experience to our customers. We are confident our social, web, mobile, loyalty and card assets will deliver greater value and convenience to our customers, while further differentiating the brand in China.”

Digital and Loyalty Platforms Transforming Customer Connections Beyond Retail
The Starbucks mobile payment experience builds on a rapidly expanding portfolio of digital innovations in China. Starbucks first launched the Starbucks Gift cards in 2014 to enable its customers to foster deeper connections with their friends and loved ones by sharing a simple act of kindness and care, through a cup of handcrafted Starbucks beverage.

Starbucks MSR members can now pre-load their Starbucks gift cards in stores across China and bundle the cards to their password-protected Starbucks China Mobile App (version 4.0) to enjoy the convenience of the Starbucks mobile payment experience. In addition to the ease of paying for in-store purchases by scanning a bar code linked to a registered Starbucks MSR Card, Starbucks MSR members will also be able to manage their Starbucks Card account, check their card balance and find a nearby Starbucks store with the store locator feature. In addition, the app will engage and reward Starbucks most loyal customers by making it easier to earn, track and redeem rewards, like complimentary beverages and other special promotions.

Around the world, Starbucks occupies a front-row seat at the intersection of the physical and digital worlds like no other company anywhere in or out of retail. Starbucks will learn from it experiences around the world to bring to China the most relevant innovations to seamlessly integrate its store and the digital experience so as to consistently exceed the expectations of its Chinese customers.

Media contact:

Global
Phone: 206 318 7100
Email: press@starbucks.com

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Starbucks mobile payment experience launches in China
Starbucks mobile payment experience launches in China

 

Source: Starbucks

Chinese Aisino Corporation established a joint venture with Wincor Nixdorf in China

PADERBORN, GERMANY, 2016-Jun-24 — /EPR Retail News/ — Aisino Corporation, a Chinese company that specializes in intelligent anti-forgery tax control systems, EFT POS solutions, financial IC cards, bill receipt printing solutions and public IT security solutions, has established a joint venture (JV) with Wincor Nixdorf in China to develop, produce and market IT solutions for banking and retail companies in China. The JV is strategically positioned to primarily tap the sizeable banking business in the country by offering solutions that meet Chinese banking regulations. Aisino, which currently employs more than 20,000 people in China and earns annual revenues of USD 3.2 billion, holds a majority interest of 51 percent in the joint venture.

Operating under the name Aisino Wincor, the JV will offer banks and retailers an extensive range of hardware, software and services. The JV’s comprehensive portfolio comprises POS systems and self-checkout solutions for the retail segment as well as self-service solutions for the banking segment. Banking solutions include ATMs, cash recycling systems and the software necessary to operate the systems. The JV’s portfolio will also extend to offering the banking segment end-to-end services that help customers manage their self-service networks. These professional and managed services range from deployment and project management to life-cycle maintenance.

“Thanks to the partnership with Aisino, we will improve our position in this strategically important market. We will also be able to help Chinese banks and retailers to become more efficient and profitable by offering them innovative solutions,” said Eckard Heidloff, President and Chief Executive Officer of Wincor Nixdorf.

“We look forward to a successful future with Wincor Nixdorf, an internationally recognized leading provider of IT solutions for both the banking and retail industries,” stated Mr. Shi Yang, CEO of the Aisino Group.
The joint venture will commence operations after relevant approval granted by the authority and is headquartered in Shanghai.

Press Contacts:

Press/Financial Press
Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press
Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com

Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press
Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com

Source: Wincor Nixdorf

Carrefour opens 7,700sqm hypermarket in Haikou, China

Haikou, China, 2016-Apr-06 — /EPR Retail News/ — The Haikou Penghui hypermarket opened on March 26th in Haikou, in the Southern Territory. It has a 7,700sqm surface. The shopping center features 19 stores over a total sales area of 1,282sqm. And it includes a car park with space for 500 cars.

Carrefour China has more than 220 hypermarkets in China.

 

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Carrefour opens  7,700sqm hypermarket in Haikou, China

Carrefour opens 7,700sqm hypermarket in Haikou, China

Diamond Jewellery Market Growth in East

Recent figures suggest that the market for diamond jewellery in the near future is expected to be driven by increased growth in India, China and the Gulf.

These emerging Eastern markets have demonstrated significant growth in the past few years, with diamonds proving increasingly popular as both a luxury item and a long-term investment.

By 2015, it is predicted that India, China and the Gulf will equal or surpass the market share of the US, which currently stands at 35 to 40 per cent. In 2010, India and China were already up 31 and 25 per cent respectively.

However, with worldwide reserves of diamonds at an all-time low, this new growth in Eastern countries means the balance between supply and demand is set to become more mismatched than ever; forecasts warn that demand is likely to outpace lower levels of diamond supply for many years to come.

With diamonds only getting rarer, it’s likely that the value of diamonds will continue to ascend on a global scale in the same way that gold and silver prices have already, increasing the natural treasure’s worth in the long term.

Although diamond prices have already begun to reflect the imbalance between supply and demand, the view that diamonds are an ‘investment vehicle’ that has the potential to grow – or at least remain the same – means customers are continuing to buy.

When compared to the inflated prices of gold, diamonds also – for the time being – pose a more affordable alternative in an unsteady economy.

It is yet to be seen how the rising value of diamonds will affect the production and/or prices of popular jewellery brands, popular in both the East and West, which feature diamond-encrusted pieces in their collections. For now, however, fans of Pandora jewellery and the like need not worry.

Visit the Jewel Hut, one of the UK’s leading jewellery websites, today to view an extensive collection of diamond jewellery.

Via EPR Network
More Retail press releases