Sir Stuart Rose, executive chairman of the British retailer Marks and Spencer, said that the company did make some basic shopkeeping mistakes when opening its first outlet on Chinese mainland, but it will still develop more stores in China, doubling the share of overseas sales in the group's total revenue.

Regal Hotels International and the Sichuan Master Investment Group have entered into a 10-year hotel management agreement in which Regal will manage a five-star luxury hotel in Chengdu.

According to the Taiwan-based President Chain Store Corporation, it will open three to four 7-Eleven convenience stores concurrently in Shanghai at the end of March or the beginning of April 2009.

Xiamen Zhongshan Laiya Department Store's 41 suppliers have formed an alliance to launch a lawsuit against the bankrupt department store and the case has been accepted by the People's Court of Siming District, Xiamen.

The British retail giant Tesco has announced that it will open its first outlet in Fushun, Liaoning, before the end of February 2009.

Although affected by the global financial crisis, the home supplies retailer Ikea does not seem to intend to slow its expansion in China and the company's vice president for Ikea China, Gillian Drakeford, revealed that Ikea's second store in Shanghai would be opened in Pudong in 2010, incerasing the total number of Ikea stores in [...]