SEOUL, July 17 - Sales at South Korea's top three department stores grew for a fourth successive month in June, data showed on Friday, adding to hopes that recovery in Asia's fourth-largest economy was sustained....
A few years back, and Tianjin to buy brand-name goods, can only go to shopping malls and friendship between the two high-end department store Isetan. At present, the situation has changed.
Hefei Department Store Group Co Ltd<000417> yesterday announced that it plans to issue up to 90 million shares for RMB 9.54 per share or RMB 822 million at most, sources reported.The proceeds from the issuance will be used principally to fund five projects in Anhui Province.The Shenzhen-listed firm will...
Chongqing Department Store Co Ltd<600729> yesterday announced that it plans to acquire Hangzhou New Century Information Technology Co<002280>, which is valued at RMB 3.95 billion, by issuing 179.3 million shares at an average price of RMB 22.03 apiece, sources reported.The Shanghai-listed enterprise...
New World Department Store China Ltd<0825>, the retail unit of New World Development Co Ltd<0017>, will open five new department stores in mainland China by the end of 2011, according to chairman Henry Cheng. The new stores, to be located in cities such as Shanghai, Beijing, Shenyang and Zhengzhou, will...
Maoye International Holdings<0848>, a Shenzhen-based department store operator, won the bid for a 93.7% stake in Taizhou First Department Store, sources reported.The acquisition is made through Maoye International's wholly-owned subsidiary Maoye Shangsha Co Ltd and the total consideration is RMB...
New Century Department Store Ltd, a subsidiary of state-owned Chongqing General Trading Group, plans to launch an initial public offering in Hong Kong, according to sources familiar with the matter.The Chongqing-based retailer has started preliminary talks with accounting firm Deloitte to seek advice on...
SEOUL, June 16 - Sales at top South Korean department stores in May rose for a third consecutive month, adding to a recent string of data indicating that the economy had bottomed out. Combined sales...
* Stores need to cut product range, use private labels * Differentiation is key * Euromonitor expects department store sales to fall FRANKFURT/LONDON, June 5 - Europe's mainstream department stores will have to resist the...
SEOUL, May 15 - Sales at top South Korean department stores rose again in April, adding to a batch of domestic data spurring hopes of an early recovery for Asia's fourth-largest economy. Combined sales at...