Aeon expands in Hubei and Guangdong
Updated: 2014-03-03 18:58
By WANG ZHUOQIONG (chinadaily.com.cn)
|
|||||||||||
The Aeon Group plans to open 15 shopping centers in Hubei and Guangdong provinces by the end of 2016.
The Japanese retailer is expected to operate 20 shopping centers according. Between 2011 and 2013, its investment in China has reached 4.1 billion yuan ($672 million).
The Aeon Group is expected to add more than 50 new food supermarkets by 2016 in China, three times the number they currently have.
Their retail business in China posted solid growth in the first nine months of last year. Despite slowed personal consumption in China due to government campaigns to reduce public spending by government officials, they have strengthened product promotions oriented around local tastes and seasonal demand.
Related Stories
Aeon Group introduces MaxValu to China 2013-01-21 16:11
Today's Top News
Last 3 suspects caught in Kunming manhunt
Ukraine crisis hits Poland economy
Geely buys British startup Emerald
CNOOC licensed to seek Arctic oil
CNOOC licensed to seek Arctic oil
G7 leaders condemn Russia over Ukraine
Terrorist group in Kunming attack busted
Political advisers vow to help deepen reforms
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Terror attack survivors recount nightmare |
Mandarin or dialect? |
Landing scare grounds homemade planes |
Scientists search for clear answers on smog |
Safeguarding China's sunken riches |
Banknote buys new vision of history |