Chinese Retailer Closes Stores As Economic Fortunes Disappear
Shenzhen-based retail chain Ren Ren Le recently closed seven additional stores after the publishing of its third quarter financial report.
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Forever 21 Opens Second Store In Beijing
American popular fashion chain Forever 21 opened its second store in Beijing.
Starbucks Will Open Seven Starbucks Reserve Stores In China
Starbucks recently announced a new strategy for the Chinese market in which it will bring a new lineup of Starbucks Reserve coffees and an interactive coffee bar to seven stores in Beijing, Shanghai, Guangzhou and…
Wal-Mart Enhances Supplier Checks And Focuses On Food Safety In China
Paul Gallemore, chief compliance officer of Wal-Mart China, announced that after the company's decision to invest CNY100 million in food safety from 2013 to 2015, Wal-Mart plans to further increase its investment and the total…
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.
Ajisen Ramen Shrinks China Restaurants As Net Profit Up 76.2%
Ajisen (China) Holdings Limited, a Chinese fast food restaurant chain, announced in its annual financial report that by December 31, 2013, the company realized operating revenue of HKD3.24 billion, a slight year-on-year increase of 6.5%;…
Walmart's Chinese E-Commerce Website Hits New Highs
According to Yu Gang, chairman of Yihaodian.com, this Chinese B2C e-commerce website realized sales of CNY11.54 billion in 2013.
Wal-Mart To Expand Shenzhen Distribution Center Capacity
Wal-Mart plans to expand its existing distribution center in Shenzhen to 300,000 square meters as it more closely adheres to its model in America and other developed countries.
Forever 21 Opens New Store In Shenzhen
American popular fashion chain Forever 21 has opened a new store at the Coastal City shopping mall in the Nanshan district of Shenzhen.
Chloe Locates First Asian Concept Flagship Store In Shanghai
The French fashion brand Chloe opened a new flagship store in Citic Square, Shanghai.