Retail in Asia

In Trends

China’s Wangfujing to launch online store in Jan

Wangfujing Department Store, the traditional retail giant in China, has deferred the launch of online store from the end of 2012 to January 2013.

Zhou Qing, VP of Wangfujing Department Store, said at the end of last year that the company will launch its online store by year end with a total investment of CNY200 million (USD32.2m). The words attracted immediate attention. However, sources from inside the company said that they were still doing preparation work and the online store was expected to come into operation in January.

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(Source: CCFA)