Article: WU-MART DABBLES INTO DEPARTMENT STORE INDUSTRY


AsiaInfo Services
09-05-2006
Wu-mart Dabbles into Department Store Industry

BEIJING, Sep 05, 2006 (SinoCast via COMTEX) -- On August 31, Wu-mart Stores, Inc. (Wu-mart), a Beijing-based retail chain store operator, declared that its first department store Xinhua Department Store would be opened in the late September in the capital of China.

A senior official of Wu-mart revealed the would-be department store did not had any relation in assets with its another subsidiary Yinchuan Xinhua Department Store Co., Ltd., except the brand name.

Insiders analyzed that Wu-mart borrowed the ...

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