Best Buy figures out China's middle class

Western exporters, faced with anemic growth in Europe and North America, are banking on China's rapidly growing middle class. But Western companies have misjudged Chinese shoppers' priorities and clumsily tried to export U.S.-style stores. Best Buy is unlocking the mysteries of these consumers -- through trial and error, the Wall Street Journal reports.

Author:
BMTN Staff
Updated:
Mar 8, 2018
Original:
Jun 15, 2012

Western exporters, faced with anemic growth in Europe and North America, are banking on China's rapidly growing middle class. But Western companies have misjudged Chinese shoppers' priorities and clumsily tried to export U.S.-style stores. Best Buy is unlocking the mysteries of these consumers -- through trial and error, the Wall Street Journal reports.

Screen Shot 2022-08-07 at 11.43.15 AM

Police claim the man, who had allegedly been experiencing a mental health crisis, was armed with a knife.

Ambulance hospital emergency

The other drive involved in the crash, a 75-year-old man, sustained life-threatening injuries.

ATV

The crash occurred in Lake Lillian Saturday night.

Minneapolis police

Responders were called to the scene early Sunday morning.

Screen Shot 2022-08-07 at 6.34.12 AM

Employees called police saying the children were stealing goods from the store.

Screen Shot 2022-08-06 at 6.16.49 PM

Police and fire crews responded to the fire just before 9 a.m. Saturday.

Flickr - utility pole power line

There have been reports of disabled traffic lights and issues at local businesses.

kim crockett facebook sos

Crockett made the comments in a 2020 radio interview following a ruling from the Minnesota Supreme Court.

Pharmacy

Gender Justice, the advocacy group that brought about the lawsuit, says it will appeal the decision.

Screen Shot 2022-08-06 at 10.52.11 AM

Nearby properties are being evacuated.

Screen Shot 2022-08-06 at 6.57.24 AM

Anoka's Adam Madsen was killed in the crash.

Screen Shot 2021-10-04 at 3.03.13 PM

MN Food & Drink

Don't worry – it's bringing the chicken to its nearby BBQ joint.

The Minnesota Trade Office and the economic development group Greater MSP are teaming up to open a Shanghai office. The groups say it will help Minnesota export more products to China, which is already the state's number two export market.

The governor will follow up this year's trade mission to Japan and South Korea with a similar trip to China. State officials say a late spring or early summer journey is likely.

A 3M executive says the $50 million investment is part of a "five-year strategy for China to increase annual sales 15 to 20 percent." The Maplewood-based manufacturer plans to develop new technology and products for the China market -- 3M's biggest overseas market.

Gov. Mark Dayton leaves on a week-long trade mission to China on Friday, and he says an important part of the trip will be the opening of a new economic development office there. Dayton leads a delegation of 50 that includes representatives from business, agriculture and higher education.

The retailer sales sales fell slightly below expectations in December, a crucial month for retailers when holiday shoppers can account for up to 40 percent of sales for the year.

The Golden Valley-based company plans to bring the number of ice cream shops in China to 255 over the next year. General Mills owns Häagen-Dazs globally, but the brand is licensed to Nestlé in the U.S. and Canada.

DONTCHA KNOW?

You Can Get BMTN Special Offers!

Get Our Newsletter

CLOSE

CLOSE

CLOSE

CLOSE