Guangzhou Grandbuy Co. Ltd. rents new shopping mall

Yesterday, Guangzhou Grandbuy Co. Ltd. signed a rent contract with Guangzhou Construction Co., Ltd. Guangzhou Grandbuy Co. Ltd. will rent the Beijing Road Shopping Mall to engage in the department retail business. The total business area is 14,353 square meters. A spokeman of Guangzhou Grandbuy Co. Ltd. says that the shopping mall will mainly target the women customers.

A retail expert says that the Asian Games held in Guangzhou and the related policy of Guangzhou city government provide good opportunities for the development of local retail industry. It is the best time for the local retailers to expand their business. If the local retailers could not take the opportunities, then they will be taken by foreign retailers.

Huang Wenjie, chairman of Guangzhou Churui Commerce Co., Ltd., believes that Guangzhou is a city with very strong retail volume. But it is not a province with a strong retail industry due to the lack of powerful retailers. Since there is vey good business environment, it is not difficult for the local retailers to become powerful if they can pay more attention to the local market.