Business Intelligence on Retailing, Franchising, and Consumerism in China


Dubai Retailing Giant Will Come To Shanghai

Attracted by the great potential of China's retailing market, Dubai's retailing giant Landmark will come to China and open six retailing stores in Shanghai and its surrounding areas in the coming year.

Of the six stores, four will be Babyshop, a retailing store that is engaged in selling kids' apparel, and the other two will be Homecenter that sells furniture and home furnishings. Landmark will invest US$25 million in the China market in the initial period.

Landmark plans to open a Babyshop store in Shanghai in September, which will be the company's first store in China.

Set up in 1970's, Landmark now has more than 600 Babyshop stores across the world with an annual business revenue of more than US$2 billion.

Statistics show that each year China will have 20-30 million newborn babies, and each Chinese mainland family will spend about RMB900 each month for their toddlers.





Be the first to comment on "Dubai Retailing Giant Will Come To Shanghai"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco