industry

According to information from the extraordinary general meeting of Shandong Yinzuo Group Company Limited, Yinzuo Weifang, a subsidiary of the group, will acquire the Fortune Plaza Shopping Center project in Weifang for CNY465.207 million. The main body of the project has ...
Financial Street Holding has announced in Hong Kong that its wholly-owned subsidiary Beijing Jinsheng Real Estate Development Company has signed a 20-year lease agreement with Galeries Lafayette (China). Under the agreement, the French high-end department store operator Galeries ...
Department store chain Inzone Group started to accelerate the pace of its transition of business to the commercial real estate operations. In the group s shareholders meeting held on June 30th, Inzone Group adopted three resolutions on the proposed shopping malls. The three new ...
Li Changrong, general manager of international operations management center ofMaoye International Holding Ltd., said that the company will open stores in Shenyang and Wuxi respectively in the second half of this year. Thus, the total number of Maoye s department stores in China ...
JAPANESE retail conglomerate Isetan Mitsukoshi Holdings Ltd plans to more than double the number of Isetan department stores on the Chinese mainland within five years as it taps the rapidly growing high-end consumption among Chinese. Japan's leading retailer aims to have eight to ...
The South Korean department store retailer Lotte has announced its new strategy for the Chinese market, stating that it will accelerate its expansion in China and will open its first Chinese single ownership store in Tianjin in 2011. The new Lotte department store in Tianjin will ...
Chinese department store retailer Wangfujing has announced in Beijing that it will launch a new sub-brand called Fashion Headquarters and its first store under this brand will be opened on September 16, 2010. Located in Beijing's Zhongkun Plaza, the new Fashion Headquarters store ...
Golden Eagle Retail Group Ltd, an upmarket Chinese department store chain operator listed in Hong Kong, said yesterday in Shanghai that it plans to increase its portfolio on the Chinese mainland. Golden Eagle plans to expand to more than 30 stores in 20 cities from its current 19 ...
Lee Chul-woo, President of Lotte Department Store (Lotte Shopping Co.) said in the evening of August 24th that the company aims to achieve the 2010 full year objective of making its perating profit exceed 1 trillion won (about 840 million U.S. dollars).This is because that the ...
SHARES of Shanghai Friendship Group Inc and Shanghai Bailian Group Co jumped by the daily limit of 10 percent after they said they will merge to form Shanghai Bailian Group Co Ltd. Shanghai Friendship said it will exchange 0.861 of its shares for each Shanghai Bailian's share, ...
Chongqing General Trading (Group) Co., Ltd. plans to accelerate the pace of expansion in Western China markets. The company plans to achieve more than 100 billion CNY revenue within the next ten years. Meantime, it also plans to speed up its listing. Founded 13 years ago, the ...
Rainbow Department Store is accelerating the pace of expansion. On November 9, Rainbow Department Store announced that it plans to lease the property in three cities in order to open stores. These three cities are Chengdu, Humen, and Shaoxing respectively. The total investment is ...
Intime Department Store has announced its acquisition of the entire interest of Hubei Wuluo at a price of CNY56.5 million. Before its acquisition, Intime China and Beijing Guojun respectively owned 83.33% and 16.67% interest in Hubei Wuluo. Hubei Wuluo was established on ...
On December 13, Wang Weizheng, mayor of Changzhou city, met with Wang Heng, chairman of the board of Golden Eagle International Group at the administrative center of the city. Many other government officials and business leaders also participated in the meeting. On 11:30 am, ...
JUSCO will open its first International Store in Dongwan on the New Year s Day in 2011. This store, covering 21,000 square meters, is the second one that Guangdong-based JUSCO has in Dongwan. The investment in this store amounts to about 40 million Yuan and can take in around 300 ...
As one of China s old industrial bases, Tiexi District in Shenyang city, Liaoning province is a renowned place all across the country. With the implementation of the reform and opening up policy and revitalizing the northeastern old industrial base policy, many factories in Tiexi ...
Hong Kong stores, small and big, are filled with local citizens and tourists, who are eager to shop during the Christmas holidays. This will become a strong driving force to Hong Kong s economy. According to the Federation of Hong Kong Hotel Owners, occupancy rate of all hotels ...
On a recent Nike investor s forum, the company s executives are frequently asked about how to expand into the third-and fourth-tier cities in China. About half of the sales revenue of Nike Greater China Region comes from 20 first-tier cities and many of the third-tier and smaller ...
Golden Eagle Retail Group and the Shaanxi government have signed a cooperation project with a worth of CNY5 billion at the just-concluded Shaanxi & Jiangsu economic cooperation project signing ceremony. In the next five years, Golden Eagle plans to open six to ten chain flagship ...
Beijing Xidan Joy City have recently opened 5C Entertainment Mall , with its music demo, book reading, snacks, music downloading, animated film and interactive game sectors, creating an unprecedented shopping environment for consumers looking for audio and video products. It is ...
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