Beijing-headquartered retailer Parkson Retail Group Limited has published its unaudited report for the first quarter of 2011 via Hong Kong Exchanges and Clearing Limited, stating that its sales of individual stores increased by 13.9%.

According to Parkson Group's performance report for 2010, its net profit in 2010 was CNY992 million, a year-over-year growth of 8.89%.

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 department store retailer Parkson China has signed a contract with Shimao Property Holdings Limited to enter Shaoxing Shimao Dear Town, a project developed by Shimao in Shaoxing, Zhejiang province.

Beijing-based department store chain Parkson Retail Group has published its financial report for the first half of 2009.

Department store retail group Parkson has announced that it plans to close two outlets in Beijing and Changsha, citing retail area and lack of sales.