Ikea Expands Into Another Chinese City
With outposts in Chengdu, Beijing, Shenzhen, Shanghai, and other Chinese cities, Swedish furniture chain Ikea is now planting its flag in a new Hangzhou store.
Furnishings
Gome.com.cn To Establish Home Decoration E-commerce Platform
Gome.com.cn, the e-commerce platform of the Chinese home appliances and electronics retailer Gome, announced that they will launch China's first 3D Internet home decoration e-commerce platform called "Gome Home".
Carpenter Tan Net Profit Up 2.3%
Chinese maker, distributor, and retailer of small wooden products Carpenter Tan published its performance report for 2014, stating that the company realized operating revenue of CNY298 million, a year-on-year increase of 6.2%; and its net…
Beijing Wumart To Acquire 70% Stake In B&Q China For CNY1.4 Billion
Kingfisher Group plans to sell the controlling stake in B&Q China to Wumart, a Chinese supermarket retail chain.
American Company Enters Chinese Bathrooms
American faucet maker Pfister held its brand launch event in Shanghai to mark the entry of this classic bathroom supplies brand into the Chinese market.
Ikea's Second Store In Beijing To Open In Daxing This Year
Swedish home supplies giant Ikea formally announced that its second store in Beijing will open at the end of 2013.
Carpenter Tan To Open Outlets In Hong Kong In 2013
Chen Hanyun, financial director of Carpenter Tan Holdings Limited, revealed to Chinese local media that the company plans to open new outlets in Hong Kong in 2013.
Ikea To Build Largest Western China Flagship Store In Chongqing
Ikea will reportedly invest about CNY1 billion in a new project in Chongqing to build the company's largest flagship store in western China.
B&Q Closes Home Building Retail Store In China
The home supplies retailer B&Q has closed one more store in Nanjing.
Ikea Will Locate Asian Flagship Store In Beijing
Swedish home supplies retailer Ikea has purchased a 300,000-square-meter area in the business district of Daxing, Beijing, via auction and the company plans to build a comprehensive shopping center there.