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QKL opens new hypermarket
Daqing, China -- QKL Stores said Monday that it opened a new hypermarket store, its 51st, in Hailin County, Heilongjiang Province, on April 15.
The new store by Northeast China’s leading regional supermarket chain is approximately 7,300 sq. meters and is located in a small shopping center in a newly developed residential area which can serve over 80,000 potential customers. -
Mobile is Best Buy's new calling
MINNEAPOLIS -- Best Buy said that it plans to open hundreds of wireless device stores, as well as expand online and in China in an effort to be more competitive as consumers up their online shopping. The chain is also scaling back the size of its signature namesake format.
In an analyst conference Thursday, the retailer unveiled plans to shrink square footage at big-box stores by 10% over the next three to five years, a move that Best Buy said will eventually save $70 million to $80 million annually.