Wumart Stores Archives - Just Food
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Wumart Stores

CHINA: Wumart grows profits by 20%

CHINA: Wumart grows profits by 20%

Chinese retailer Wumart Stores has reported a 20% increase in first-half profits on the back of improved sales and the opening of more stores.

CHINA: Tesco signs lease on Dongying store

Tesco has signalled plans for further expansion in China's Shandong province with a lease agreement on a store in the city of Dongying. The UK retail giant, which has 66…

Chinese retail ripe for consolidation

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…

CHINA: Wumart denies Times talk

Chinese retailer Wumart Stores has denied reports that the company is in the final stages of talks to acquire smaller rival Times. Earlier this week, reports suggested that Beijing-based Wumart…

CHINA: Retailer Times invites bid proposals

The future of Chinese supermarkent chain Times Ltd is up in the air after the retailer admitted it had started a review of the business and invited potential suitors to lodge their…