Golden Eagle has soaring ambitions
By Cao Qian |
April 9, 2011, Saturday
|
Print Edition
Print Edition
HONG Kong-listed Golden Eagle Retail Group Ltd, an upmarket Chinese department store chain operator, yesterday said it will at least double its portfolio on the Chinese mainland within the next three years.
The Nanjing-based retailer, which currently operates 21 stores in 15 cities, including Shanghai, Xi'an and Kunming, will add another 20 to 30 outlets on the mainland over the coming three years, said Roger Wang, chairman and chief executive officer of Golden Eagle.
"The next couple of years will be of critical importance to us, and we will definitely accelerate our pace to further strengthen our presence with a keen focus on second- and third-tier cities where economies will continue to boom," Wang said. "In three years, the total retail space managed by Golden Eagle will hopefully triple to 1.5 million square meters from the current size of 500,000 square meters."
In particular, the provinces of Jiangsu, Shaanxi and Anhui, as well as Kunming in Yunnan Province, will be some of the key markets for Golden Eagle, the company said.
Last year, sales registered at Golden Eagle chain stores jumped 30 percent to 12.67 billion yuan (US$2 billion).
The Nanjing-based retailer, which currently operates 21 stores in 15 cities, including Shanghai, Xi'an and Kunming, will add another 20 to 30 outlets on the mainland over the coming three years, said Roger Wang, chairman and chief executive officer of Golden Eagle.
"The next couple of years will be of critical importance to us, and we will definitely accelerate our pace to further strengthen our presence with a keen focus on second- and third-tier cities where economies will continue to boom," Wang said. "In three years, the total retail space managed by Golden Eagle will hopefully triple to 1.5 million square meters from the current size of 500,000 square meters."
In particular, the provinces of Jiangsu, Shaanxi and Anhui, as well as Kunming in Yunnan Province, will be some of the key markets for Golden Eagle, the company said.
Last year, sales registered at Golden Eagle chain stores jumped 30 percent to 12.67 billion yuan (US$2 billion).
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
