China Resources Vanguard, the retail subsidiary of China Resources (Holdings) Company, has announced that in 2010, the company opened over 450 new stores and realized sales of CNY71.8 billion.

Following the opening of its first Ole' high-end supermarket in Shanghai in July 2010, China Resources Vanguard has launched another high-end supermarket brand BLT at Lianyang Plaza, Pudong.

China Resources Vanguard, the hypermarket subsidiary of China Resources (Holdings) Company, has opened the final outlet in its expansion plan for Guangzhou in 2009 and is looking to open around 360 new outlets in 2010.

According to Hong Jie, the chief operating officer of CR Vanguard, the company plans to open 300 to 400 new supermarkets on the Chinese mainland in 2009, maintaining the same pace of development as in 2008.