British retail giant Tesco's first hypermarket in Fujian province will be opened in Xiamen soon.

Despite the downturn in the economy, Christian Nothhaft, managing director of Watsons China, has announced that the company plans to open 120 new stores in 2009, which means opening two new stores weekly.

According to reports in local media, the global electronics retailer Best Buy has started to sell its own brand LCD TVs in China for the first time and these TVs are only available in Best Buy stores.

The international cosmetics retailer Sephora will open a store in Hong Kong on September 26, 2008, marking its formal entry into the SAR.