Business Intelligence on Retailing, Franchising, and Consumerism in China


Marks & Spencer To Open Fifth Store In Shanghai

The British retail giant Marks & Spencer is accelerating the pace of its international expansion and it plans to open the fifth China store in Shanghai.

Marks & Spencer has signed a letter of intent to lease a 3,700 square meters store in Shanghai City Center, which is owned by Huarui Treasure China Trust, a Singapore real estate developer. The new store is expected to open in 2013.

According to the plan announced by Marc Bolland, chief executive officer of Marks & Spencer, China and India will be Marks & Spencer's prime markets in future and the company will focus on Shanghai in the next three years.

To date, Marks & Spencer has four stores in China, respectively located in Nanjing West Road, Yuyuan, Skymall and Ningbo Century Oriental Plaza. The Nanjing west road store, with an area of 3,900 square meters, is a flagship store and it opened in 2008; while the Ningbo Century Oriental Plaza store was launched in January 2011.






Be the first to comment on "Marks & Spencer To Open Fifth Store In Shanghai"

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Your email address will not be published.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