METRO TO CONTINUE EXPANSION IN CHINA IN 2008
AsiaInfo Services, December, 2007
AsiaInfo Services 12-17-2007 METRO to Continue Expansion in China in 2008 BEIJING, Dec 17, 2007 (SinoCast via COMTEX) -- German-based METRO AG will fasten its pace of opening new stores in China in 2008, despite the slow-down in 2007, said an executive of METRO China who declined to be named. METRO started operation of its Quanzhou store in Fujian Province, Southeastern China, on December 12, which is the fourth one it opened this year.
The company would not open any new stores this year while it had previously planned to open six to 10 new stores in the country this year, said a person familiar with the company. The company's plan to open new stores was affected by the flying property price and delay of construction of certain commercial properties this...
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