Intime will open two stores in Shaoxing, Zhejiang Province next year and will double the store count in the province in the next two to three years, said a representative from Intime yesterday.

 

Senior executives of the retailer gathered in Intime Center in Beijing on Wednesday to jointly launch its business development strategy.

 

It was the first launching ceremony that Intime held for its business strategy and this was the first concerted work of Intime Department Store, Intime Property and Yintai.com.

 

 “Intime has about 40 stores in China at present and the number will reach 100 in the next five years,” said Intime president Shen Guojun. Right now there are 24 Intime Department Stores with annual sales of 12 billion yuan in 2010 and the number of Yintai.com member has reached about 3 million.