ACCORDING to reports from Japanese media, Laox Home Electronics Store, a subsidiary of China’s leading home appliance retailer Suning, is going to open its first store in Nanjing, Jiangsu Province and it is now go through register procedures.
Laox Life store in Nanjing, with a registered capital of 385 million yen, was located in the annex to Yinhe Building. In addition to home appliances, Laox offers home products and home decorations.
Representative from Laox said that it planned to open 50 stores in China in the next three years. Right now, Laox has begun to choose sites in core Chinese cities, such as Beijing, Shanghai and Shenzhen, and 2-3 stores will start their trial operation by the end of this year.
Source:chinaretail.org