Yonghui expands supermarkets
Chinese supermarket chain Yonghui plans to open six new stores this year.
The first three have opened at Wanda Plaza with the other three to open in Harbin, Xi’an and Nanjing.
Each supermarket will have a retail floor area of between 8000 sqm and 15,000 sqm.
Yonghui has already opened 16 supermarkets within Wanda Plaza since it started its collaboration.
It says it aims to have 350 stores and a sales revenue of 50 billion yuan ($8.1 billion) by 2014.
Yonghui was founded in 2000 and is the largest Shanghai A-share listed supermarket and the fifth largest Shanghai A-share listed retailer across all formats, by market capitalisation.