Big retailers expanding in China, PLMA sponsors Shanghai trade fair

Three of the world's largest retailers are stepping up their expansion in China. Wal-Mart is planning to add 10 million sqft of retail space this year, Wal-Mart Asia CEO Scott Price told the local press. "This is a huge expansion of Wal-Mart in China."

Carrefour announced it has acquired 51% of Baolongcang, a hypermarket chain operating 11 stores southwest of Beijing. Overall, Carrefour plans to open 22 hypermarkets and 140 discount stores in China this year. Tesco plans to open 80 shopping centres by the end of this year, covering 40 million sqft for its hypermarkets and other stores. Over the next five years, the retailer intends to invest €2 billion ($2.5 billion) in building its stores there.

Reflecting this growth, PLMA is cosponsoring a special trade exhibition to help members to make contacts and build business in China. PLMA, in conjunction with the Shanghai International Sourcing Promotion Centre, is holding the 2010 Shanghai Private Label Fair on 8-10 December.

For further information:
shanghai@plma.nl