US Supermarket Giant Pricemart Enters Xinjiang

Home>>Business

Last updated at: (Beijing Time) Wednesday, August 28, 2002

US Supermarket Giant Pricemart Enters Xinjiang

Pricemart, the third largest supermarket chain in the United States, has expanded its business into the Xinjiang Uygur Autonomous Region, northwest China.

DISCUSSION

CHINESE

SEND TO FRIEND

Pricemart, the third largest supermarket chain in the United States, has expanded its business into the Xinjiang Uygur Autonomous Region, northwest China.

Construction has begun on a Pricemart outlet in the Shihezi Economic and Technological Development Zone, making it the company's 31st store in China.

Costing 70 million yuan (8.43 million US dollars), the first phase of the Shihezi Pricemart supermarket, with a floor area of 24,000 square meters, is expected to go into operation early next year. A Pricemart manager said they will invest another 50 million Yuan (6.02 million US dollars) in constructing the second phase ata later date.

So far this year, Pricemart's 30 supermarkets in China have generated six billion yuan (720 million US dollars) in sales, compared with four billion yuan (480 million US dollars) for the whole of last year.

Questions?Comments? Click here

Walmart Plans Office in Shanghai

Carrefour Carries on an Overall Entry into China's Market

German Metro to Open 11th Supermarket in China

Highly Concerning China, US Plans to Deploy New Fighters in Guam ( 5 Messages)

Japanese Court Dismisses Germ Warfare Victims' Damages Claim ( 3 Messages)

China Plans to Stop the Overeas Flight of Corrupt Officials ( 14 Messages)

China's Exports Hit Record of US$56.2 Billion in July ( 96 Messages)

Old Chinese Beaten by NY Police, Triggers off Big Clash ( 47 Messages)