Image via Wikipedia What foreign companies, trying to tap into the China market, regularly forget is that there is no need for their services, tells retail analyst Paul French at Marketplace Public Radio. Home Depot is an example. Paul French responds to Raymond Chou, president of Home Depot China: CHOU: The Home
Image by Fantake via Flickr Even though Chinese consumers are spending more on expensive products like Apple, they shunned the Best Buy stories, explains Shaun Rein in CNBC. The economy of scale did not pay off: According to our research, Best Buy in China was perceived as being too expensive,
Former flagship in Xujiahui, Shanghai The decision by US electronics retailer BestBuy to close its outlets in China hardly comes as a surprise, says retail analyst Paul French in USA-Today. “They were ahead of the consumer.” Unlike the warehouse style of top Chinese electronic chains Gome and Suning, where sales
Image via Wikipedia Depending on how you look at the figures, retail grew up to 20 percent in China, retail analyst Paul French tells Forbes and compares the fate of foreign retailers like Gap force domestic competition from the Trinity Group and China Lilang. Paul French in Forbes: Take a
Hurun by Fantake via Flickr Chinese women and retailers might be doing well on the Hurun rich list, compiled by Rupert Hoogewerf, but real estates tycoon saw their wealth shrink by 25 percent, writes the People’s Daily and attributes this to successful government efforts to cool down the industry. The
Paul French via Flickr Some foreign companies do well in China, others fail. And some have a more rollerskating experience like Tesco, recalls retail analyst Paul French in the Telegraph. The UK retailer set off on a wrong foot with Taiwanese management, but took a good turn when Mr. Towle, a
Shaun Rein is the Managing Director of the China Market Research Group, the world’s leading strategic market intelligence firm focused on China. He is one of the world’s recognized thought leaders on strategy consulting in China. In 2012 he published the bestseller “The End of Cheap China.” He travels from Shanghai.
Paul French is former Chief China Market Strategist at Mintel. As a China specialist he has been quoted in a wide variety of publications including the Financial Times, Newsweek, the Wall Street Journal Asia, the South China Morning Post and the LA Times. In 2012 he published the very popular book “Midnight in Peking.” The rights for a TV-show on the book have been sold He travels from Shanghai.