"Scottish Cloth Exports to China Set for Record High” (The Financial Times)
"Estimates from HM Revenue & Customs indicate that exports of textiles from Scotland to China are about to hit a record high, after sales in the first nine months in 2013 reached nearly £9.7m – outstripping the total for the previous year. Scotland sells more than two and a half times more textiles to China than it did a decade ago. According to the tweedmakers of the Isle of Harris, off Scotland’s west coast, the Chinese appear keen to wrap themselves in the history of the region."
"Rise of Online Shopping Forces Mainland Malls into Rethink” (South China Morning Post)
"The rise of online shopping on the mainland is forcing malls to restructure their retail mix to provide more entertainment and food and beverage outlets in order to boost customer traffic. The winners in the mainland battle for customers will be the best-located shopping centres in prime districts, while super-sized malls in remoter areas will battle to maintain rentals, according to property analysts."
"Many International Retailers Missed 2013 Target for China Store Openings” (The Wall Street Journal)
"More than half of major international retailers missed their target number of store openings in China last year, Knight Frank Research said Thursday. The property consultancy said that over 60% of the 45 international retailers it looked into missed their targets due to a range of factors, including difficulty in finding good sites and the slowdown of expansion plans as the government cracked down on wasteful spending and corruption, reining in demand for gifts and thereby sales."
"Defying Economy, Chinese Hit the Road” (The New York Times)
"Already, Chinese visitors are a common sight on Oxford Street in London, the Champs Élysées in Paris and Madison Avenue in New York. The Italian luxury retailer Prada has hired Mandarin-speaking sales assistants to cater to Chinese shoppers in Milan. Frankfurt Airport in 2012 introduced a Mandarin-language app providing flight and shopping information — all in a bid to cater to the swelling numbers of visitors from China, which has the world’s second-largest economy, after the United States. And the trend is expected to continue"