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Article: WUMART HOPES ITS DEPARTMENT STORE GAIN CNY700MN IN 07

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AsiaInfo Services
Article date:
March 9, 2007
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AsiaInfo Services
03-09-2007
Wumart Hopes Its Department Store Gain CNY700mn in 07

BEIJING, Mar 09, 2007 (SinoCast via COMTEX) -- Wumart Group, a Beijing-based private-owned retail chains operator, set 2007 target of CNY 700 million turnover for its department store Yinchuan Xinhua Department Store Co., Ltd.

Wumart last April acquired a 28 stake of Yinchuan Xinhua Department Store, a Shanghai-listed department store carrier, which located in northwestern China's Ningxia Hui Autonomous Region.

Xinhua Department Store has been in well performance since its opening last November, thus Wumart, who snatches a 25 share of Beijing's retail ...

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