According to Parkson Group's performance report for 2010, its net profit in 2010 was CNY992 million, a year-over-year growth of 8.89%.

American electronics retailer Best Buy has announced on its official website that it will close all of its nine stores on the Chinese mainland.

The time-honored traditional Chinese medicine brand Tongrentang has opened a new flagship retail store in Zhongguancun, Beijing.

In January 2011, consumer price index rose by 4.9% over the same period of the previous year, according to the National Bureau of Statistics of China.

According to China's Ministry of Commerce, sales of home appliances in the country's rural areas in January 2011 passed 10 million units in a single month for the first time.

APiTA, one of the top four Japanese department store giants, will officially enter the Chinese mainland market, following the establishment of its first overseas branch in Hong Kong in 2007.