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Top retailers ring up more sales and growth
By Liu Jie (China Daily)
Updated: 2008-04-04 09:25

Chain retailers saw fast growth last year, with mergers and acquisitions helping major players to consolidate their positions.

 
Top retailers ring up more sales and growth

Shoppers pass by Shanghai No.1 Department Store. Chain retailers saw fast growth last year, with mergers and acquisitions helping major players to consolidate their positions, according to the China Chain Store and Franchise Association. [China Daily]

That's according to the China Chain Store and Franchise Association, which recently released a list of the nation's top 100 chain retailers.

Combined sales of the top 100 retailers - both local and foreign - exceeded 1 trillion yuan last year, up 21 percent on 2006 and accounting for 11.2 percent of total sales of consumer goods, the association said in a report.

The top 100 retailers had a total 105,191 outlets in China by the end of last year - 58 percent more than in 2006.


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