Competition heats in Chinese retail
Slowing economic growth and rising unemployment in China may have had slowed growth from the country's retail sector but, as Dominique Patton reports from Beijing, the challenging trading conditions have thrown fresh opportunities for larger retailers to expand - through consolidation.
Chinese retail ripe for consolidation
22 September 2009
Slowing economic growth and rising unemployment in China may have had slowed growth from the country's retail sector but, as Dominique Patton reports from Beijing, the challenging trading conditions have thrown fresh opportunities for larger retailers to expand - through consolidation.
CHINA: Wumart denies Times talk
22 September 2009
Chinese retailer Wumart Stores has denied reports that the company is in the final stages of talks to acquire smaller rival Times.
CHINA: Lianhua books 10% H1 profit increase
27 August 2009
Hong Kong-based Lianhua Supermarket Holdings booked an increase in half-year profits today (27 August), up 10% year-on-year.
CHINA: Private equity swoops on Wumart
12 August 2009
Chinese retailer Wumart Stores has struck a HK$1.65bn (US$212.9m) share deal with private equity firms TPG and Hony Capital.
CHINA: Wumart growth continues
12 August 2009
Chinese retailer Wumart Stores has posted a 21% jump in half-year profits thanks to buoyant turnover and steady growth in comparable-store sales.
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