Suning Expands Guangzhou Flagship

Dayoo.com, 9/19/08

Consumer electronics retail chain Suning (002024.SZ) yesterday announced that it would expand its Guangzhou flagship store at the Zhengjia Shopping Plaza to 20,000 square meters, increasing the store's projected annual sales revenue to RMB 1.6 bln.

4,800 square meters of floor space will be devoted to computers, consumer electronics and mobile phones, making it the largest 3C shopping center in the Guangzhou region.

Suning is preparing RMB 800 mln worth of products for the relaunch of the store, as well as joining with major manufacturers to arrange RMB 100 mln in promotional resources, including 100,000 specially priced products and an average price drop of 20-40% across all product categories.

Keywords: 002024.SZ consumer electronics Guangzhou hardware retail Suning

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