Home>Feature Articles>Domestic Articles>News contents

Shanghai: Hypermarkets intends for Commercial real estate developers (

On Shanghai Commercial Real Estate Summit 2007, the director of Shanghai chain and franchise institute Gu Jianguo expressed that vicious competition had led to the results that distribution of Shanghai 134 supermarkets was so dense that 1-3 stores jostled against each other in a radius of one kilometer. To some extent, progress of Commercial real estate developers mode pushed advance of China s retail industry, resulting in the blind development of the latter.

Gu Jianguo said, from this year on, many Shanghai stores are looking for breakthroughs, one of which was to seek a new profit model--developing Commercial real estate for themselves centered on the hypermarket business. Lots of large stores profit not only from sail but also from renting. For instance, the owner who has a 10 thousand sq.m.store will use 20% area and rent 80% to others.

Source:  
Editor: kitty
Date: 2007-11-19 9:57:00

|Close|