The Hong Kong-listed Golden Eagle Retail Group Limited has announced that the company has signed an agreement with the Nanjing Golden Eagle International Group to fully acquire its wholly-owned subsidiary Shanghai Fude Shiji Investment, the owner of the Golden Eagle Shopping Plaza located in Shanghai.

According to the statistics released by the Ministry of Commerce on October 27, 2008, in the first three quarters of 2008, the retail sales of China's dining and lodging industry increased by 24.8% to over CNY1.1 trillion.

Xinlianxin Group, a Hunan-based retailer, has announced plans to open a high-quality department store in Yueyang, Hunan Province.

According to reports in local media, Aeon Group's Beijing flagship store started trial operation on October 17, 2008, marking the formal entry of the Asian retail giant into Beijing's retail market.

Aeon Co.,Ltd., a wholly-owned subsidiary of Aeon in China, has signed a contract with Beijing Hongtai Jiye Real Estate Development Co., Ltd., a subsidiary of COFCO, to open a Jusco supermarket in Chaoyang Grand Joy City, Beijing.

New World Department Store China has acquired a real estate project for CNY287.540 million in Shenyang, Liaoning Province and plans to develop the project into its fourth directly-owned department store in the city.