The chain pizza restaurant Pizza Hut has announced that its 500th pizza restaurant in China has opened in Lanzhou, capital of Gansu province.
Chinese department store retailer Wangfujing has announced in Beijing that it will launch a new sub-brand called Fashion Headquarters and its first store under this brand will be opened on September 16, 2010.
Beijing Wangfujing Department Store has published its annual financial report for 2009, stating that its operating revenue increased by 9.09% year-on-year to CNY11.099 billion.
According to reports in local media, China's Gansu province plans to build and renovate 3,000 rural retail chain stores in 2010.
Pepsi has recently opened its new plant in Chengdu, the capital of Sichuan province, marking a new stage for the company's development in China's southwestern areas.
Beijing-based department store chain Parkson Retail Group has published its financial report for the first half of 2009.
According to Lanzhou Bureau of Commerce, the city will allocate special funds to build 100 convenience supermarkets in its rural areas and the project will be completed before October 1, 2009.
The Sichuan-based convenience store chain Wowo has received a USD10 million investment from the private equity firm ARC Investment Partners and the Chinese retailer is now preparing for listing on Nasdaq to become the first…