综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Discount retailer takes control by building shopping center

By Wang Zhuoqiong | China Daily | Updated: 2014-09-05 07:20

Discount retailer takes control by building shopping center

A Wal-Mart supermarket is seen in Yichang, Hubei province. Wal-Mart Stores Inc is building its first community shopping center in China in Zhuhai, Guangdong province. Zhou Jianping / For China Daily

Wal-Mart Stores Inc is building its first community shopping center in China, a move that the retailer hopes will ultimately give it more control over store layouts as it grapples with high commercial rents in the nation.

The center, named The Mall Zhuhai, will be in the southern Chinese city of Zhuhai, Guangdong province.

The projected cost is 600 million yuan ($96.7 million) and the area will total 100,000 square meters.

Home to the retailer's high-end membership warehouse chain Sam's Club, the complex will be the first shopping mall developed, built and managed by Wal-Mart. It is expected to open for business in 2016, according to Wal-Mart China.

The move is a sign that the United States-based retailer has started to "take ownership of design and creation of the ecosystem of its stores" by selecting and building its own commercial property site, said Jason Yu, general manager of Kantar World-panel, a research institute and consultant on the fast-moving consumer goods market.

The decision will give Wal-Mart more control over such tangible factors as the infrastructure of the center and rental costs as well as the "shopping experience" for consumers, Yu said.

Most retailers in China rent their space from developers, and they inevitably face challenges if rents increase significantly after the first 10-year lease, Yu said. They also have no control over their neighboring stores, which can affect consumers' experience.

Also, in the retail business, shopping centers or outlets are growing at the expense of traditional department stores as consumers prefer to do one-stop shopping. Zhuhai is a key market in the Pearl River Delta region, and Sam's Club is well-positioned to attract the growing number of middle-class shoppers there, Yu said.

Ben Cavender, principal at the China Market Research Group, said that direct ownership of the center can help Wal-Mart generate revenue by renting spaces to other retailers of its choice.

Sam's Club was founded in 1983 in the US. The first Sam's Club in China opened in Shenzhen in 1996 and there are now 10 clubs in eight cities, with online delivery service also available.

wangzhuoqiong@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
孝昌县| 邯郸市| 巴楚县| 加查县| 宜丰县| 阳山县| 敖汉旗| 绵阳市| 巴楚县| 牙克石市| 铜陵市| 汨罗市| 汉源县| 文水县| 鲜城| 云南省| 通榆县| 扎兰屯市| 佛冈县| 邵东县| 龙门县| 紫阳县| 九寨沟县| 南郑县| 茌平县| 星子县| 玛纳斯县| 高邮市| 交城县| 广饶县| 瑞金市| 枣庄市| 汉源县| 夏河县| 兴文县| 弥渡县| 绥芬河市| 德庆县| 晴隆县| 疏附县| 芦山县|