date:Mar 04, 2014
ting the location of new stores to ensure their quality, chief executive officer Bruno Robert Mercier said in a statement.
The retailer plans to add as many as 60 hypermarkets this year mostly in the third and fourth-tier Chinese cities, Mercier said at a media briefing today.
Sales surged 10.7% to 86.20 billion yuan. Gross profit margin increased 0.9 percentage points to 21.6%.
Sun Art, a joint venture between Taiwan conglomerate Ruentex Group and privately held French retailer Groupe Auchan