Business Intelligence on Retailing, Franchising, and Consumerism in China

Beijing Chaoshifa Opens Flagship Store In Fengtai District

Beijing-based supermarket chain Chaoshifa has announced plans to open a flagship store with an area of nearly 10,000 square meters in Beijing's Fengtai District.

As a supermarket chain that formerly focused on small community supermarkets, Chaoshifa said the new supermarket is its largest store and marks the beginning of its 2009 flagship store strategy.

Chaoshifa currently has nearly 70 outlets in Beijing, of which, 49 are located in the Haidian District. Li Yanchuan, president of Chaoshifa, told local media that as a community supermarket chain, Chaoshifa's positioning is taking Haidian as its base, extending to the entire city of Beijing, and opening stores along the Zhangjiakou-Xuanhua line.

According to Li, the company plans to open about seven large-scale flagship stores this year and will accelerate the upgrading of its distribution center.

Statistics showed that Chaoshifa's revenue increased by about 5% year-on-year in the first quarter of 2009.

Be the first to comment on "Beijing Chaoshifa Opens Flagship Store In Fengtai District"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


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

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