GrandBuy To Open Its First Store In Shenzhen
The Guangzhou-based department store retailer GrandBuy has opened its first outlet in Shenzhen.
The Guangzhou-based department store retailer GrandBuy has opened its first outlet in Shenzhen.
Guangzhou Grandbuy Company, which has opened its first outlet in Huizhou, is the first Guangzhou-based department store to enter the Huizhou market.
According to Pierre Bertholat, vice president for Carrefour China and president for Carrefour South China, the company plans to open five to ten new stores in South China cities, including Guangzhou and Shenzhen, in 2009.
Guangdong Administration for Industry and Commerce has published its third quarter monitoring report on Guangzhou's food quality, which shows that 20% food products sold in major supermarkets, including Trust-Mart, are substandard.