PARKnSHO Portable Worklight P restructures operations in Shanghai

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PARKnSHO Portable Worklight P restructures operations in Shanghai
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2011/11/23 10:52:21

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PARKnSHO Portable Worklight P restructures operations in Shanghai

PARKnSHO Portable Worklight P restructures operations in Shanghai

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PARKnSHOP restructures operations in ShanghaiPublished: 15 Dec 2008 02:05:12 PST<p class="authorInfor"]</p]<!--begin CK content--]
Dec. 15, 2008 (China Knowledge) - PARKnSHOP, one of the two largest supermarket chains in Hong Kong under Hutchison Whampoa Ltd<13>, has decided to close its outlet in Guohe Plaza, Yangpu District in Shanghai by the end of this month, while its Meilongdian outlet will remain normal operations, sources reported.</p]
Industry insiders disclosed that the poor financial performance is the main reason for the closing of the two-year-old store. </p]
The Guohe store is PARKnSHOP's first outlet as well as the first flagship store in Shanghai after it returned to the city in 2006. </p]
An executive with Shanghai PARKnSHOP Supermarket Co Ltd, a wholly-owned subsidiary of the Hong Kong-headquartered retailer, said the closing would not affect the company's business operations in the city and it plans to open a new outlet in Shanghai's Gubei area next year.</p]
Currently, PARKnSHOP runs more than 260 outlets in Hong Kong, Macau, and Chinese mainland. <br /]</p]<br /]Copyright © 2008 www.chinaknowledge.com<br /]<br /]Send feedback or comments to: news@chinaknowledge.com<br /]<br /]For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /]<br /]To access our page on Bloomberg, type CKFI <go]<!--end CK content--]</go]<!-- right Begin --]Related TopicsChina News<br /]<map name="Map" id="Map"]</map]<!-- right end--]�� `�ݥ� ��Ͻ�� F�� ڥ�� R