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Chinese supermarket plans expansion

Chinese supermarket chain Yonghui will open 60 new stores this year. Its expansion plan will continue over the next three to five years as it is targeting to open 40-50 stores during the period. Last year, Yonghui opened 46 stores, mostly in mature markets like Guangzhou, Shanghai, Beijing, Chongqing and Fujian. As at January 1, the retailer has opened 293 stores across China. Yonghui is not alone in its expansion efforts in the nation. Its foreign rival Walmart will accelerate developm…

Yum China sales slide

Yum! Brands said same stores in China fell five per cent in October, dragged down by its KFC business. KFC’s sales declined seven per cent last month as it struggles with competition. The adverse publicity surrounding the December poultry supply incident and bird flu scare also continuously dent the fast food chain’s sales. Yum!, which also owns Taco Bell and Pizza Hut, expects same store sales in China to remain negative in the fourth quarter. KFC is introducing new products such as be…

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 an…

AS Watson to open China premium supermarket

Health and beauty retailer targets high income Chinese consumers.

Jingdong opens online supermarket

Chinese e-commerce company commits to serving Chinese’ daily needs.

Supermarkets on the rise in China

Report projects ongoing growing supermarket industry.

It’s lonely at the top

Michael Baker looks at China’s vertical malls and the tenants inhabiting the top levels.