Britain's HOF Department Store Will Enter China
British department store brand House of Fraser will officially enter the Chinese market and its first batch of stores will be located in Nanjing, Xuzhou, and Chongqing.
Department Stores
Japan's Aeon Gained Profit In China For The First Time
Japanese retailer Aeon announced its financial report for 2014, stating that the company's Chinese business gained profit of HKD7.1 million during the reporting period.
Rainbow Department Store Net Profit Down 12.52% In 2014
Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year increase of 6.02%; its total profit was CNY773 million,…
Marks & Spencer To Close Five Stores In East China
British department store retailer Marks & Spencer announced that the company plans to shut five outlets in the Shanghai region before August 2015.
Galeries Lafayette Appoints First CEO For China
French luxury department store Galeries Lafayette has appointed Paul Burke as new chief executive officer for the China market.
Japanese Retailer Exits Hong Kong Logistics Center
Japanese retailer Aeon is selling its warehouse property in Hong Kong.
Wal-Mart To Open First Shopping Center In Zhuhai As It Closes Others
Wal-Mart announced that they will invest about CNY600 million to build a new community shopping center with a total construction area of about 100,000 square meters in Zhuhai, and the company will introduce Sam's Club…
Wanda Will Open 24 New Department Stores
Wang Jianlin, chairman of Wanda Group, announced Wanda Department Store's performance for the first half of 2014, stating that its revenue increased by 62% year-on-year to CNY11.13 billion, beating 44% of its annual target and…
Aeon's Largest Chinese Shopping Mall Opens In Suzhou
Japanese retailer Aeon recently opened its largest Chinese shopping mall in Suzhou, marking the company's entry into the Shanghai-centered East China region.
Aeon Names China Department Store Head After CNY160 Million Loss
Japanese retail group Aeon announced that Zhu Jing, managing director of Aeon, has been officially appointed president of Aeon China Company Limited.