Beijing-based supermarket retailer Jingkelong has published its annual financial report for 2009, stating that it made a net profit of CNY147 million in 2009, a year-on-year decrease of 5.7%.
Shanghai-based jewelry store operator Laofengxiang has published its annual financial report for 2009, and has posted a year on year growth in net profit of 85%.
According to data provided by Bureau of Statistics of Beijing, the revenue of star-grade hotels in the city decreased by 9.7% year-on-year in 2009.
Hong Kong apparel retailer Giordano has published its financial results to September 30, 2009.
Chinese electronics retailer Suning has published its financial report for the first three quarters of 2009, stating its performance maintained a stable growth and the expansion of its new outlets was progressing smoothly.
Chinese dairy firm Bright Dairy has published its performance report for the first half of 2009 showing a net profit of CNY45.33 million, a decrease of 67.8% year-on-year.
Beijing-based retailer Beijing Hualian Hypermarket has published its financial report for the first half of 2009 and states that both its operating profit and net profit declined by about 47% during the period.
Beijing-based supermarket chain Wumart Stores has published its financial report for the first half of 2009, stating that its sales through individual stores increased by 3.52% during the period.
Chinese electronics chain department store Buynow has announced plans to accelerate its deployment plans in 2009 with the company planning to open at least five large IT stores in such cities as Beijing, Shanghai, and…
All fingers are pointing at China for bringing big financial losses to Kingfisher plc, one of Europe and Asia's largest home improvement retail groups.