Parkson Retail Group, the chain department store brand of Malaysia's Lion Group, has announced that with the increase in consumer expenditure, the company will maintain its planned rate of expansion in the Chinese market at 15%.

The Guangzhou-based department store retailer GrandBuy has opened its first outlet in Shenzhen.

Far Eastern Department Stores, a subsidiary of Taiwan-based Far Eastern Group, has announced plans to issue shares in Shanghai to finance expansion and lower outstanding debt.

Japanese retail group Aeon will open a new outlet on Yanji road in Qingdao on December 18, 2009, and will also open two more new stores in Teda Shopping Center in Tianjin and Jiayu Sun City Plaza in Guangzhou.

Luxury department store chain PCD Stores Group is reported to have passed the public hearing of Hong Kong Exchanges and Clearing and will launch its IPO soon.

According to Masaaki Kanai, the CEO of Ryohin Keikaku, despite the gloomy global economy the company plans to increase the number of its Muji stores in China to 30 by the end of 2010.