Shin Kong boosts China footprint

Taiwanese department store chain Shin Kong plans to ramp up its presence in China.

Shin Kong says it will open a company-owned department store in Suzhou City, Jiangsu Province, in the first quarter next year, Chengdu City, Sichuan Province, in the second quarter next year and Chongqing City, also in Sichuan, in the third quarter of 2016.

The company said the Suzhou department store is already 70 per cent tenanted.

It also says the Taiwan business is strong and growing having gained $1.5 billion sales during the first eight months of the year.

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