Suning buys 37 Wanda dept stores

Retailer's move an effort to reach more customers via brick-and-mortar units

Suning.com, the retail unit of Suning Holdings Group Ltd, announced on Feb 12 it will acquire 37 department stores from Wanda Department Store Co Ltd.

A company statement said the move aims to attract more steady and high-end in-store shopping volume and to strengthen its leading position as a retailer in China.