Business Intelligence on Retailing, Franchising, and Consumerism in China

Jones Lang LaSalle: Asian Retailers Eye China For New Stores

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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