Wangfujing Archives - Inside Retail Asia
In a landmark first, Toys R Us Asia is opening 10 stores in China all on one day – October 1, National Day.
Wangfujing Department Store, Bailian Group and Li & Fung plan to launch a 300-strong chain of retail stores in China in a three-way joint venture.
New York’s Upper Fifth Avenue is now the world’s most expensive to rent retail space. It has overtaken Hong Kong’s Causeway Bay in the annual Cushman & Wakefield Main Streets Across the World survey released in France this week. On Upper Fifth Avenue, (pictured), rents rose 13.3 per cent year-on-year to a record US$3500 per square foot, while Causeway Bay rents fell 6.8 per cent to $2735. In third spot was Champs-Élysées in Paris, where rents were static after a stunning 40 …
Taubman Asia, a subsidiary of US mall operator Taubman Centers, is boosting its investment in the continent. The company has earmarked $600 million to develop new malls across Asia, of which 60 per cent will be in China, reports South China Morning Post. In collaboration with department store operator Wangfujing, it is to open shopping malls in Xian City and Zhengzhou City, with a combined investment of $230 million. The Xian and Zhengzhou malls will span 90,562 sqm and 93,747 sqm, resp…
Chinese department store takes minor stake in rival.
Real estate company and department store chain forms second joint venture.