CP Lotus Archives - Inside Retail Asia

CP Lotus books a loss after expanding network

Hong Kong-listed Chinese supermarket operator CP Lotus Corporation has posted a loss of US$43 million as it rolls out new stores.

CP Lotus books a loss after expanding network

Hong Kong-listed Chinese supermarket operator CP Lotus Corporation has posted a loss of US$43 million as it rolls out new stores.

CP Lotus turns loss to profit despite revenue drop

Despite a revenue drop, CP Lotus Corporation has turned around a loss to gain a net profit for its latest fiscal year.

E-Mart China exit confirmed

Thailand’s CP Group has agreed to buy five of the six remaining E-Mart China stores, ending a 20-year presence for the Korean firm.

E-Mart China seeking store sale to exit market

E-Mart China is negotiating the sale of its five stores with Charoen Pokphand Group of Thailand.

CP Lotus revenue drops 

Revenue fell by 6.3 per cent for CP Lotus Corporation for its first half, dropping by RMB337.1 million to RMB4.9 billion.

From loss to profit for CP Lotus

CP Lotus Corporation is expecting to turn around a US$9.2 million loss to record a half-year profit.

Heavy dive into loss for CP Lotus

From a RMB 32.9 million profit, CP Lotus Corporation expects a loss of RMB 63.9 million for its latest six months.

CP Lotus China stores failing to break even

Hong Kong-listed retailer CP Lotus China says opening new outlets has plunged it into the red.

CP Lotus in Mainland turnaround

CP Lotus Corporation has turned around its Mainland China supermarket business, posting a profit for the first half.

CP Lotus turns the corner

Mainland retailer CP Lotus says it has turned the corner on its operational profit after axing loss making stores.

Wumart sales fall

Tougher competition and rising costs have dented the profit of Chinese retailer Wumart. The supermarket operator said 2013 net profit dropped 23.7 per cent to 459 million yuan, its first fall since 2008. The company attributed the decline on the extended initial incubation period for new stores, losses on one-off disposal of assets resulting from store closures, the pace of rising staff costs exceeding sales growth and rising rental expenses. The Beijing-based company shuttered 52 store…