Retail in Asia

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China’s QKL Stores Inc. opens new hypermarket in Hailin

Daqing-based QKL Stores Inc., a leading regional supermarket chain in northeastern China, has announced the opening of a new hypermarket store.

The Company’s 51st store, situated in Hailin County, Heilongjiang Province, was opened on 15 April 2011. Hailin is under the jurisdiction of Mudanjiang City, otherwise known as the "Snow Town of Heilongjiang", and derives much economic activity from its timber and tourism industries. The Hailin Store location utilises approximately 7,300 sq. metres of gross space and is located in a small shopping center in a newly developed residential area which can serve over 80,000 potential customers.

Zhuangyi Wang, chairman and CEO, said, "We have been expanding our presence in Heilongjiang Province during the past several years. Adding this hypermarket to our retail line-up further solidifies our commitment to providing the best retail options to local residents and makes it more convenient for customers to find great value on a diverse number of brands. We are excited to further strengthen our number of store locations with the opening of our 51st store."