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Boom in retail industry of Guangzhou city

17
Feb '07
Guangzhou has emerged as hub of traditional retail industry and already has more than 50 million square meters of commercial retail space.

This year, Guangzhou city is going to expand its retail commercial space by 150,000 square meters.

Many companies have already set up their stores to take advantage of booming retail industry in the region.

In past six months, Grand Buy Group has opened two stores, having combine retail area of 130,000 square meters, in Tianhe and Haizhu District.

Some time ago, average daily sales of branch in the province was more than RMB2 million and one of its stores sales reached RMB0.5 million.

Wangfujing Department Store and Guangdong Jusco Island Department Store in Guangzhou city have expressed their interest to open new branch in Guangzhou city.

Fibre2fashion.com News Desk-China


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