Posted by: Tom Telford on Sep 08 2010

Beijing-based sports brand China Dongxiang (3818.HK) and a number of its distribution joint venture partners have agreed to merge their respective JVs into a single distribution union to be named Han Bo Jia Ye, Dongxiang announced September 8...

Posted by: Sijia Xie on Sep 08 2010

China's "appliances to the countryside" program, which offers rural consumers subsidies for purchases of home appliances, generated revenues RMB 100.09 billion from the sale of 46.36 million household appliances in the first eight months of this year, according to statistics released by the Ministry of Commerce (MOFCOM) September 7...

Posted by: Sijia Xie on Sep 08 2010

Yum! Brands (NYSE:YUM) signed an agreement with the Lanzhou Bureau of Commerce in western China's Gansu Province to open the first Pizza Hut in the city, Lanzhou Morning Post reported September 8. Yum! plans to invest RMB 50 million in Lanzhou and open 5 to 6 KFC restaurants in the city over the next two years, according to the report.

In June 2010, KFC agreed to raise its minimum wage for workers in Shenyang, Liaoning province to RMB 900 following demands by Shenyang Municipal Trade Union.

Posted by: Sijia Xie on Sep 08 2010

Hangzhou-based Intime Department Store (1833.HK) has received over RMB 100 million in first-round financing for its B2C online shopping mall at yintai.com, Sohu reported citing yintai.com CEO Liao Bin on September 7...

Posted by: Sijia Xie on Sep 08 2010

Home appliances and electronics retailer Gome (0493.HK) has put in orders with home appliances manufacturers for RMB 30 billion worth of goods in preparation for the Mid-Autumn Festival (at the end of September this year) and the early October National Day holidays, qq.com reports.

Gome recorded revenues of RMB 24.87 billion in the first half of this year, increasing 21.55% on an annual basis.

Posted by: Sijia Xie on Sep 08 2010

Home appliance and electronics retailer Suning (002024.SZ) has signed an agreement with real estate developer Mingfa Group (0846.HK) under which Suning will lease stores in each commercial project developed by Mingfa Group, Aastock.cn reports...

Posted by: Sijia Xie on Sep 07 2010

Beijing Wangfujing Department Store (Group) (600859.SH) is launching a sub-brand "hQ" with a 45,000 square-meter store in Beijing on September 16, reports Beijing Morning Post on September 7.

The company targets consumers ages 18 to 35 with hQ, according to the report.

Wangfujin has opened 22 stores in 15 cities in China and has annual revenue of RMB 15 billion, according to the report.

Posted by: Sijia Xie on Sep 03 2010

Parkson Retail Group (3368.HK) held the soft opening at its third store in Beijing on September 3, Beijing Business Business News reports. The store is located in the Taiyang Gong business zone, and the opening comes three years after the retailer opened its second Beijing location...

Posted by: Sijia Xie on Sep 03 2010

Home appliance and electronics retailer Suning (002024.SZ) has acquired a commercial-use land parcel in central Beijing's Chaoyang District for RMB 965 million, Sina reported September 3. The land parcel, Suning plans to develop a store itself, has an area of 13,000 square meters, according to the report...

Posted by: Sijia Xie on Sep 03 2010

Shanghai-based restaurant chain Chamate (www.chatea.cn) plans to complete a chain of 100 restaurants by the end of 2010 and expects to record RMB 500 million in revenues this year, Economic Daily reported citing Chamate President Chen Dingzong...

Posted by: Sijia Xie on Sep 03 2010

Branded sportswear enterprise ANTA Sports Products' (2020.HK) order book value for the first quarter of 2011 increased 23% year-on-year, cnfol.com reported September 3. According to the report, average selling price (ASP) of both footwear and apparel rose more than 5% year-on-year...

Posted by: Sijia Xie on Sep 03 2010

Home appliance and electronics retailer Suning (002024.SZ) has acquired a commercial-use land parcel in central Beijing's Chaoyang District for RMB 965 million, Sina reported September 3. The land parcel, Suning plans to develop a store itself, has been approved for a project with gross floor area of 13,000 square meters, according to the report...

Posted by: Sijia Xie on Sep 03 2010

Parkson Retail Group (3368.HK) held the soft opening at its third store in Beijing on September 3, Beijing Business Business News reports. The store is located in the Taiyang Gong business zone, and the opening comes three years after the retailer opened its second Beijing location...

Posted by: Sijia Xie on Sep 02 2010

Sportswear manufacturer and retailer Peak Sport Products' (1968.HK) Q1 and Q2 same store sales (SSS) growth stood at 15.3% and 12.5%, respectively, year-on-year, reported Sina September 1.

In the first half of 2010, Peak's revenues grew by 33.3% to RMB 1.81 billion and net income grew by 29.6% to RMB 346.6 million, according to a Peak announcement on August 27...

Posted by: Sijia Xie on Sep 01 2010

Hebei-based Baolongcang has been closing stores in groups for renovation following the company's acquisition by French retailer Carrefour (EPA:CA) from August 28 onwards, Hebei Daily reports. The company's stores are expected to be all re-opened by the middle of October, the report said...