Carrefour China at a Crossroads After Alibaba Invests in Sun Art Retail Group

A partnership between French retailer Auchan and internet giant Alibaba could push Carrefour further behind in China and could even persuade its new boss to pull out of the country. Alexandre Bompard took the helm at Carrefour, the world’s second-largest retailer behind Walmart, in July; on Jan 23, 2018, he will unveil his turnaround plan

Sun Art Retail to Develop its E-commerce Presence with US$150 Million Investment

Hypermarket operator Sun Art Retail Group said on Thursday [11 August 2016] it plans to invest 1 billion yuan ($150.6 million) in e-commerce development over the next two years. Executive Director Huang Mingduan, speaking at an earnings briefing, said he expects the company’s e-commerce business to break even in 2020-21…Full Article: The Global Times Aug

Hypermarket Operator, Sun Art Retail Group, To Roll Back New Store Openings in China

Sun Art Retail Group said on Monday [29 February 2016] it will scale back on new store openings in China this year as it grapples with a challenging retail environment. It also expects a greater contribution to sales from e-commerce. Sun Art, the second-biggest hypermarket operator  in China with 13.7 percent of the Chinese market

China’s Largest Hypermarket Chain (Taiwanese-French JV) Intends to Open More Outlets as Competitors Slow Expansion Plans

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