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All Suning articles
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NewsSuning to open 10,000 stores in 2020 in £4.4bn expansion splurge
Chinese retail titan Suning has revealed plans to open 10,000 new stores and create 8,000 jobs next year as part of an ambitious RMB 40bn (£4.4bn) expansion strategy.
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NewsSuning.com completes Carrefour China acquisition
Suning.com has completed its acquisition of Carrefour’s Chinese business, as the retailer looks to accelerate the expansion of its bricks-and-mortar portfolio.
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NewsCarrefour sells China business to Suning.com
Carrefour has become the latest big Western retailer to beat the retreat in China after agreeing to sell its business there.
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NewsAlibaba acquires 20% stake in electricals retailer Suning in £2.9bn deal
Chinese etail giant Alibaba is investing $4.6bn (£2.9bn) in electronics chain Suning, one of the country’s largest bricks-and-mortar retailers.
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Suning to purchase 21m in shares in LaOX
Chinese consumer electronics retailer Suning is to purchase a further 21 million shares in Japanese retailer LaOX. After the purchase, Suning will hold 33.08% of LaOX shares. Suning will also nominate two new board directors, which needs to be approved later by the shareholders.
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Suning sales up to £5.46bn
Consumer electronics retailer Suning has reported that preliminary full-year net sales jumped 16.8% to Yn58.3bn (£5.46bn) against the previous year. Net profit hit Yn2.88bn (£269.9m), up 32.8% year on year. Comparable store performance improved 7%. Suning opened 182 stores in 22 cities over the year, and closed 53 stores.
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Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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Suning poised to buy stake in Laox
China’s second largest home appliance chain Suning is poised to buy a ¥800m (£5.4m)stake in struggling Japanese consumer electronics retailer Laox. Suning will acquire 66.7 million shares at ¥12 (8p) a share. The deal will give it a 27 per cent holding, making it Laox’s largest shareholder. A formal arrangement ...