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China Shoe plans to open 100 stores in Shanghai region

01
Jul '08
China Shoe Holdings announced updates on notable development of its retail expansion.

As of June 30, 2008, the company has opened nine stores under the company's CCR brand with six more underway, and two stores under the company's KANGGIES brand.

Additionally, after the media event held on May 28, many department stores, including Shanghai Oriental Commercial Mansion, Babaiban Department Store and No. 1 Department Store, have expressed strong desires to co-operate with China Shoe to install a number of stores in their retail facilities.

This development bodes well for the company's plan of having retail outlets in all of the major department stores in the Shanghai region.

China Shoe maintains its target of opening up to 100 stores in the region within 2008, which would set a foundation for a nationwide roll-out program in 2009.

Mr.Gu Xiangzhong, Chairman and CEO of China Shoe Holdings, indicated that, the company has obtained its initial goal by opening up nine CCR stores and the company will also look into the possibility of acquiring mid-sized footwear retail companies in the future to accelerate the expansion.

China Shoe Holdings Inc


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