Six more Intime stores make it a national chain
Intime Department Store (Group) Co Ltd said on Thursday that it will open another six stores this year to turn itself into a national chain.
"We will open around six stores this year and, by the end of 2015, our target is to have 60 stores in China," said Chen Xiaodong, executive director and CEO of Intime. Chen said the new stores will be located in second- and third-tier Chinese cities.
The Hong Kong-listed company opened its first store in Hangzhou in 1998 and now has 30 stores nationwide. Of those in department stores, 19 are located in Zhejiang province, six in Hubei, two in Beijing, one in Anhui, one in Hebei and two in Shaanxi.