Retailing, Franchising, and Consumerism Business Intelligence in China

June 2006

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Bertelsmann Closes Beijing Outlets

A representative from Bertelsmann has disclosed to local media that Bertelsmann has already closed 11 outlets in Beijing, which accounted for 70% of the company's total outlets in the region.

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Costa Will Come To China Next Year

Costa, the biggest coffee retailer in Britain, announced that it will enter the Chinese market next year and develop about 300 franchisees in China in the following five years.

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Wal-Mart To Launch China Credit Card

Wal-Mart is planning to work with GE Capital and Shenzhen Development Bank to launch its own credit card in China. The new credit card will be the first of its kind ever launched by an…