.contact us |.about us
News > Business News ...
Search:
    Advertisement
German retailing giant opens 18th chain store in Xi'an
( 2003-08-21 16:56) (Xinhua)

Metro, a well-known retailing giant from Germany, opened its 18th chain store in Xi'an on Thursday.

Metro entered China in 1995 by founding Metro Jinjiang Cash and Carry Co., Ltd. in cooperation with Shanghai-based Jinjiang Group.

The joint venture has so far established 18 chain stores across China since October 1996 when the first such outlet was founded in Shanghai.

Metro's turnover in China reached 6 billion yuan (about US$723 million). Over 10,000 different commodities made by Chinese producers have been sold worldwide via Metro's global supply network.

Metro has been a success in China, said Jean-Luc Tuzes, president of Metro Jinjiang Cash and Carry Co., Ltd, while addressing a function on Thursday to mark the opening of business at the new store.

He said the company would open more new stores in cities such as Dongguan of south China's Guangdong Province and Dalian of northeast China's Liaoning Province, and he hoped the number of Metro chain stores in China would number 40 in three to five years.

 
Close  
   
  Today's Top News   Top Business News
   
+The next great leap after Shenzhou V
( 2003-10-21)
+Hu calls for balanced development
( 2003-10-21)
+Report: SARS not airborne virus
( 2003-10-21)
+Japan urged to resolve weapons issue
( 2003-10-21)
+Int'l AIDS group opens Beijing office
( 2003-10-21)
+Home-appliance giants want wheels
( 2003-10-21)
+Exchange-rate reform under study
( 2003-10-21)
+Health insurance sector called for
( 2003-10-21)
+SanDisk teams up to open outlets
( 2003-10-21)
+Housing prices start to sag in Shanghai
( 2003-10-21)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
  Related Articles  
     
 

+Market recovery move kicked off
2003-08-21

+Playing the retail game
2003-08-18

+Rapid rebound in retail
2003-08-15

+Retail sales see rapid rebound after SARS
2003-08-15

+SARS slows down domestic retail sales
2003-07-22

+Epidemic slows down retail sales
2003-07-22

+SARS slows down China's retail sales
2003-06-17

 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved