Business Intelligence on Retailing, Franchising, and Consumerism in China


China's Suguo Reports 10% Growth In 2009

Nanjing-based supermarket chain Suguo has announced that its sales increased by 10% to CNY33 billion in 2009, despite the global economic crisis.

At the same time the company maintained the rate of its network expansion in 2009, opening 120 new outlets and increasing its total number of retail sites to 1,900.

According to Ma Jialiang, the chairman and general manager of Suguo, facing the unfavorable market environment, enterprises should turn challenges into opportunities. He added that by sticking to the promise of "no layoffs, no salary reduction", Suguo had stimulated the enthusiasm of its 50,000 employees and promoted the rapid recovery of the company.

Ma told local media that the company plans to add Jiangxi and Hubei into its retail network.






Be the first to comment on "China's Suguo Reports 10% Growth In 2009"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

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


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