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Wuhan s New Store Opens in Sept.: The new Wuhan International Plaza Shopping Centre will open on Sept. 29th 2011, and over 50 world famous brands will also come into the store. Three big shopping malls, the International Plaza, Wuhan Plaza and Wuhan World Trade Plaza, will create a clustered business area. Wuhan ...

Beijing Caibai Opens Store in Tianjin: Beijing Caibai Company, dubbed as the Top Gold Dealer in China, started its Tianjin Caibai Baoquan Jewelry Co., Ltd. The new store aims at low-and medium-market and its products can be divided into over ten categories including jewelry, and gold and silver products for investment ...

Wangfujing Department Store in All-round Online Services: Zheng Wanhe, president of Wangfujing Department Store, says that the group will launch its online shopping center, which is seen as a new distribution channel. In fact, some of its subsidiaries, such as Shuang an Department Store, Wangfujing Guangzhou, and Wangfujing Changsha, ...

Sales Increase in Shanghai Department Stores: In 2010 Shanghai held the World Expo and the city s department stores experienced double-digit growth, a reversal of two-year decline in their growth rate. According to Shanghai Commercial Information Center that has studied the sales of nearly 70 department stores, most of them ...

Bailian to Open Outlets in Wuxi and Wuhan: According to officials in Bailian Group, the outlet in Wuxi, which has got full investment from Bailian, and another outlet in Wuhan, which will be operated by the company, have started their constructions and are due to open for business by the end of the year. Wuhan Bailian ...

Hangzhou Tower Sends out Free New Year Cakes: On the first day of Chinese Lunar New Year, many shopping centers in Hangzhou sent out free gifts to attract customers in the festive atmosphere, where people can enjoy dragon dance in the joyous Chinese folk music. Different from other stores which sent out chocolate or sweets, ...

Department Stores in Tianjin Boom: In the Spring Festival holiday season, department stores in Tianjin continued their promotions which have begun before the holidays. The sales volume in the first four days has reached 211 million RMB, up by 15% and the increase rates of Zhongyuan Department Store, Binjiang ...

Wangfujing to Set Up Stores in Fuzhou: Wangfujing Department Store opens two stores in Fuzhou, Fujian Province. Wangfujing decided to open one store in the city s central business area (CBD) Henglicheng at the beginning of 2011 and will open another one in Chating area. The former one will complete its decoration and ...

Merger approved: SHANGHAI Municipal Commission of Commerce has agreed in principal to the Shanghai Friendship Group's plan to merge with Shanghai Bailian Group. According to the restructuring plan, Shanghai Friendship will buy 36 percent of Shanghai Nextage Department Store and 100 percent of ...

Redbaby Separates into Two Parts: Xu Pei, chief executive officer of B2C company Redbaby, said on his micro blog that Redbaby s businesses in maternal and child products and general merchandise had been separated and Binggo.com was launched to carry on the latter half of business. Redbaby now has two promising ...

Wuhan Zhongbai Set Office in Taiwan for Procurement: Zhongbai Group, the giant retailer in Wuhan, Hubei Province, set up its office in Taiwan on March 4th. Yue Yong, deputy mayor of Wuhan, attended the opening ceremony of the office, which marked the first step that Wuhan enterprises entered Taiwan. The opening ceremony took place ...

Hefei Department Store Took in Great Profit in 2010: According to the annual report released on the evening of March 1, Hefei Department Store took in 7.062 billion RMB in operating revenue, a year-on-year increase of 19.99%; 286 million RMB in net profit, up by 42.31%; 0.5956 yuan in earnings per share, rising 42.28%. Hefei ...

Zhongbai Wants to Expand and Gain More Market Share: Wang Aiqun, president of Wuhan Zhongbai Group, has got the biggest benefit as a deputy to the National People s Congress in the delegation of Hubei Province. He proposed in a meeting that Wuhan be removed from the name of his company or China be added to it, a measure which would ...

Department Store Forum: THE World Department Store Forum will be held in Shanghai from June 9 to 10 at the Shanghai Expo Center. The forum, organized by China's retail conglomerate Bailian Group and Intercontinental Group of Department Stores, is themed "China Impacts Department Stores and Suppliers" It...

China Impacts Department Stores and Suppliers: China is on its way to becoming the single largest retail market in the world. This development is poised to have some major global implications on a number of strategic issues including management focus, flow of investments, marketing spending, growth potential and emergence of ...

Inzone s Net Profit Rose 39% to 111 million: Inzone reported that it gained 111 million RMB in net profit in 2010, a same-time decrease of 39.27% and it planned to distribute 0.5 yuan (including tax) as cash dividend for every ten shares. Inzone s operational revenue amounted to 8.795 billion RMB, an increase of 38.29%, and ...

Yonghe King opened stores in Guangzhou Airport: Recently, Yonghe King has opened its store in Guangzhou White Cloud Airport. The new store is located in the East Corridor of the airport terminal, covering an area of 256.2 square meters. It can accommodate 108 guests at the same time, and the store will be open seven days a ...

Ajisen China plans to open 120 New Store This Year: The profit of Japanese restaurant chain Ajisen China increased 42.2% in 2009, reaching to 314 million Yuan. The company plans to open 120 new stores in China this year, aming to expand the number of its total stores to 1,000 within 5 years. By the end of last year, the number of ...

The 2009 China Top 50 Fast Food Enterprises was released today: Today, the list of the 2009 China Top 50 Fast Food Enterprises was released by China Cuisine Association in Beijing. The top three fast food enterprises are Yum, McDonald's and Dekeshi respectively. The total revenue of the top 50 fast food enterprises in last year is 59.88 ...

Shanghai Jin Jiang hotel gets get Interstate: Shanghai Jin Jiang International Hotels (Group) Co Ltd announced yesterday that it has acquired Interstate Hotels & Resorts Inc, the largest independent hotel management company in the United States, through a strategic partnership with the US-based Thayer Lodging Group. The US...

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