Walmart has entered a joint venture with JD.com that will create a shift in Walmart’s ecommerce strategy in China. The U.S. retail giant has sold its Yihaodian ecommerce marketplace to Chinese marketplace operator JD.com, and plans to retain the Yihaodian direct business and set up a retail presence on JD.com. Here’s what the deal means to both retailers.
bebe stores, inc. has signed a strategic cooperation agreement with Longgoal LLC, a Shanghai-based agency of international high-end brands. The agreement includes a five-year exclusive license to open between 60 and 150 retail and wholesale bebe points of distribution in Greater China, Hong Kong, Macau and Taiwan. The first boutique is expected to open in the summer of 2016.
Building on its nearly 20 years of business in Latin America, SKECHERS plans to grow its operations and footprint. Here’s why SKECHERS is transitioning 21 SKECHERS stores in the region to subsidiary-owned and -operated locations, looking at new retail destinations, and expanding its account distribution base.
Macy’s, Inc. has formed a free-standing joint venture with Hong Kong-based Fung Retailing Limited to explore retailing in China, one of the world’s largest and fastest-growing consumer marketplaces. Under the joint venture, Macy’s plans to begin selling in China in late 2015 through an exclusive ecommerce presence on Alibaba Group’s Tmall Global.