Several Retailers In The United States Expand The Chinese Market

Chen Guangming, director of the China retail tenant representative business department, said recently that the Abercrombie & Fitch (abbegombi & Fitch), founded in New York, USA, opened in Shanghai's first flagship store in China.

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< p >, according to the financial report issued by the company in February, in the 2013 fiscal year, the famous fashion company closed 62 stores in the United States.

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In March this year, Gap opened its first Old Navy store in Shanghai with a total area of more than 2000 square meters in P.

From the company's website, the company now has 77 independent a href= "http://www.91se91.com/news/index_c.asp" stores and 12 discount outlets in China.

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< p > according to the annual report of the company in the past two years, the company closed 128 stores in North America in the fiscal year ended February 2013, and closed 108 stores in the next fiscal year.

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< p > in the global scope, the number of newly added exclusive stores of < a href= "http://www.91se91.com/news/index_c.asp" > Gap < /a > is still larger than that of closing stores.

The newly opened stores are mainly in Asia, especially in China and Japan.

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< p > RadioShack (radio supplies store) is a well-known American a href= "http://www.91se91.com/news/index_c.asp" brand "/a".

The famous consumer electronics retailer said last month that it plans to close as many as 1100 stores, close to 20% of its total stores.

In March this year, RadioShack opened its first exclusive store in Shanghai.

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< p > obviously, American retailers are weak in their own market.

Taking Apple Corp as an example, the first quarter results of fiscal year 2014 showed that the revenue of the US sector in the first quarter was $20 billion, down 1% from the same period last year, while the revenue in the Greater China region reached 8 billion 844 million yuan, up 29% over the same period last year.

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< p > China's retail industry is developing rapidly. The latest figures of the National Bureau of statistics show that in the first quarter of 2014, the total retail sales of consumer goods in China increased by 12% over the same period last year.

According to the relevant personage, retailers can develop together without having to grab the market share of other retailers because of the huge development space.

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