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B&Q Plans More Than 100 More China Stores
February 23, 2006 | By ChinaRetailNews.com Editor |
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European retailer B&Q will open more than 100 chain stores in China by the end of 2010.
Mark Ladham, general manager of B&Q China, spoke of the expansion at the opening ceremony of the decoration giant's ninth chain store in Shanghai.
B&Q opened its first chain store in Shanghai in June, 1999. By the end of 2005, it had 48 stores in China's eight cities.
The Jinqiao chain store was opened after B&Q took over the Germany-based decoration corporation OBI's business in China last year.
Ladham said B&Q adjusted its purchasing platform, redistributed the corporation's human resources and reorganized the product display in stores when they completed the merger of OBI China.
He said B&Q has quickened its marketing strategy adjustment and will attach greater importance to the market of soft decoration, like furniture.
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