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HOME > PAST ISSUE > REPORTS [Premium content] > Regional FocusMay 2004
China's retail sector is getting a makeover as domestic store groups announce mergers and expansions in preparation for increased competition when China lifts foreign investment curbs under its WTO commitments.
Among the latest is Shanghai Bailian Group, which announced plans in early April to merge its two department store chains, forming the Shanghai Brilliance Group, China's biggest department store chain. The new group will have 14 department stores, three malls and combined sales of US$507 million, with analysts expecting an overseas listing as soon as this year.
It's all part of a mass reorganization as retailers prepare for a further influx of foreign competition eager for ...
It's all part of a mass reorganization as retailers prepare for a further influx of foreign competition eager for ...
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