Suning Appliance will increase stores by over a third this year because it is very optimistic about the market.
President Sun Weimin said, “The worst-case scenario for the economy didn’t materialize and the best of times have yet to arrive, so there’s vast room for growth. We still aren’t as entrenched in our store network in China and we want to plug those holes.”
Suning, based in Nanjing, eastern China, plans to open about 200 outlets in smaller towns and cities, and 100 shops in rural areas.
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