China’s largest hypermarket chain, Sun Art Retail Group, said on Monday it plans to open more than 50 new stores in China this year as it increasingly taps growth in less developed cities. Sun Art’s expansion comes as foreign rivals such as Carrefour and Wal-Mart Stores have shut down stores in China, while other retailers such as Britain’s Tesco and Germany’s Metro are slowing their mainland growth plans…Full-text article: Mar 2013

Key points

  • Sun Art Retail Group, a JV between Taiwan’s Ruentex Group and French retailer Groupe Auchan, overtook Wal Mart in 2010 and had 273 hypermarkets in China at the end of 2012
  • By 2015, China’s hypermarket industry is expected to be valued at 911 billion yuan (US$146 billion)

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