China's retail sales rose 17% year on year to ¥1.47 trillion in August, bringing the total amount for the first eight months of 2011 to ¥11.49 trillion, up 16.9% from a year earlier, according to the National Bureau of Statistics.
China's franchise stores are expected to double in number to 800,000 and employ over 10 million people by the end of 2015, according to the China Chain Store & Franchise Association.
China's online retail sales shot up 74% year on year to ¥370.7 billion in 1H 2011, according to Analysys International.
Retail sales of home improvement products in China are expected to exceed ¥3 trillion by 2015, British consultancy Frost & Sullivan predicted. The value was ¥1 trillion last year, including ¥600 billion from furniture, ¥80 billion from lamps and ¥60 billion from floor boards.
Suning Appliance Co (SHE: 002024), China's largest chain store by revenue, aims to generate ¥8 billion in revenues from online retail sales in 2011.
RT-Mart, a leading Chinese hypermarket chain operated by Sun Art Retail Group Ltd (HKG: 6808), plans to invest ¥1 billion building its 160th store in Dezhou, Shandong province.
Inter Ikea Centre Group, the developer of the world's largest home-furnishings retailer, is boosting the size of three malls it is building in China and plans a fourth in Shanghai on huge demand for shop leases, Bloomberg reported. Ikea Group's mall developer plans to spend ¥4 billion on a Shanghai shopping center, which may open in 2016, managing director John Tegner said.
Japanese supermarket chain Jusco said it plans to open at least 100 stores in Guangzhou over the next decade.
H&M opened its first store in Fujian's provincial capital, Fuzhou. The Swedish fast-fashion clothing retailer currently operates 61 stores in China, including 11 in Shanghai, nine in Hong Kong and eight in Beijing.
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