ParknShop, a member of Hutchison Whampoa Limited, is going to open its first store in Wuhan on December 7 and begin the start of its expansion into the middle of China.
Sun Jingwu, director of ParknShop East China, says that ParknShop intends to seize the developing opportunity in central China, where Wuhan will play a vital role.
Involving an investment of HK$60 million, the first ParknShop in Wuhan will be operated as a supermarket. It covers an area of more than 10000 sqm, and lies near many retailing giants such as Carrefour, Lotus, and Wal-Mart.
ParknShop also plans to open another two stores in Wuhan in the future.
ParknShop is the leading supermarket chain in Hong Kong, having more than 220 stores in Hong Kong, Macau and mainland China. Its 38 stores in mainland China mainly lie in southern China and northern China.
ParknShop stores combine features of western supermarkets with aspects of traditional Hong Kong markets. The stores offer traditional Chinese fresh foods like live fish, siu mei, market-style fruit and vegetables, and an extensive selection of international consumer products. About a quarter of the chain's outlets are superstores or megastores. Private-label brands include products under the ParknShop and Best Buy names.