#wumart

[glamzery]

[beijingtoday]

Wu Mart, the biggest supermarket chain in Beijing and in northern China, announced it planned to delist from Hong Kong on October 20.

[youngchinabiz]

Wumart’s latest profit skid reflects ongoing malaise in the traditional retailer sector, which is likely to close many more stores and see the departure of 1-2 major players this year.

[youngchinabiz]

Gome’s new string of tie-ups with other traditional retailers looks like a short-term fix for its recent woes, and the company is likely to return to the red if it doesn’t do more in e-commerce.

[laserenissima-blog]