Magazines Archives - 2007 April

Metro to build largest store in China
Story 4

GERMANY-BASED Metro told local media that its 2006 sales in China reached RMB9.37 billion (US$1.21 billion), climbing 24.1% over the previous year.

The retailer previously announced plans to build its largest store spanning 6.4ha in the Baohe District of China’s provincial capital, Hefei. It opened six stores last year and currently operates more than 30 outlets in the country.

Metro, which entered Chinese market in 1995, earlier reported 2006 global sales of around RMB60 billion (US$80.45 billion), an increase of 7.5%.


2007 April Stories:

Developing economies spearhead retail sales growth in the region

Seiyu expects to recover from the red with gains

Tangs to make regional forays, beginning with KL

Vietnam to modernise in hopes of generating higher retail sales

Metro to build largest store in China

Daimaru’s purchase of Matsuzakaya will create largest Japanese store chain

Shoppers’ Stop to buy 19% of HyperCity

FJ Benjamin acquires exclusive rights to retail Celine in South-east Asia

edc takes first bow outside Europe in S’pore

Li & Fung buys Tommy Hilfiger’s sourcing operations

Sweden’s H&M opens in Asia

Landmark embarks on growth path in Kolkata

China sees fastest sales rise in 2 years

Aeon buys a stake in flagging Daiei

7-Eleven cash exchange round the clock

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