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Jones Lang LaSalle: Asian Retailers Eye China For New Stores
December 6, 2005 | By ChinaRetailNews.com Editor |
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Most major Asian retailers increased sales this year and are eager to expand, especially in the Chinese mainland, Taiwan and Japan. That's according to a survey released by property consultants Jones Lang LaSalle.
Of the 180 retailers surveyed across Asia, 65% of respondents said their 2005 gross turnover had risen, and only 4% said it had dropped.
The Chinese mainland was the most favored destination for new stores. 15% of all firms would choose the location if they were looking to set up an outlet in a new city.
Taiwan was the second popular location, preferred by 11% of Greater China retailers.
In last year's survey, China and Thailand topped the rankings. Retail sales in the Chinese mainland jumped 13.3% last year, exceeding economic growth of 9.5%.
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