国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Toys R Us expands in China

By TANG ZHIHAO in Shanghai | chinadaily.com.cn | Updated: 2013-05-13 13:09

Eyeing the tremendous business opportunities in the Chinese toy market, United States-based toy retailer Toys R Us is accelerating its expansion in China and plans to have 100 stores in the country in the next three years.

The multinational retailer currently operates 34 stores around China, including the new premises that opened on May 11 in Jiaxing, Zhejiang province. The company will have 50 stores around China by the end of 2013.

Toys R Us entered into China in 2006 by opening its first flagship store in Super Brand Mall in the Shanghai Pudong New Area. The company declined to reveal its sales growth rate in the country but said it had achieved double-digit growth in the past few years.

Mark Murphy, managing director of Toys R Us in China, said most new stores will be community stores that cover an area of 700 to 1,000 square meters. The community stores will have an additional focus on learning products, which are the most popular products in the country.

Murphy said people's desire for quality products is the main reason Toys R Us has been rapidly expanding in China since 2011. In November that year, Toys R Us formed a joint venture with Hong Kong trading company Li & Fung to deepen its penetration of the Chinese market. Toys R Us owns 70 percent of the joint venture.

"As the middle class grows in China and children remain very important, I think Toys R Us brand stands for three important things, which are authenticity, safety and quality," said Murphy.

The new stores will be opened in first tier cities such as Beijing and Shanghai as well as lower tier cities such as Chengdu in Sichuan province.

Total retail sales of toys and games in China soared in value from $3.89 billion in 2007 to $8.3 billion in 2011, an average annual growth rate of 21 percent, according to statistics from global market research firm Euromonitor.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
二连浩特市| 北宁市| 双鸭山市| 土默特右旗| 华池县| 娄底市| 乌兰浩特市| 花莲县| 花垣县| 积石山| 乳山市| 仲巴县| 蚌埠市| 台江县| 彰武县| 吉首市| 察隅县| 黎城县| 九江县| 松潘县| 高雄市| 新巴尔虎左旗| 简阳市| 石河子市| 南京市| 宾川县| 辛集市| 调兵山市| 新邵县| 大关县| 台东市| 葫芦岛市| 宜春市| 武汉市| 海丰县| 红原县| 个旧市| 祥云县| 毕节市| 镇远县| 兴业县|