Beijing-based supermarket chain Wumart Stores has published its financial report for the first half of 2009, stating that its sales through individual stores increased by 3.52% during the period. According to the report, Wumart's total revenue in the first six months of 2009 reached CNY5.705 billion, an increase of 22.9% compared with the same period in [...]

Chinese supermarket and convenience store retailer Wumart Stores has published its annual financial report for 2008 and states that its net profit increased by 63% to CNY490 million in 2008. According to the report, Wumart realized revenues of CNY9.749 billion in 2008, an increase of 24% compared with the same period of 2007 and its overall [...]

Beijing-based Wumart Stores — which has just announced plans to expand its business in East China — has decided to close one of its two stores in Shanghai. The store, which has already been closed, was located on Siping Road. Fu Yu, director for public relations of Wumart Stores said that the reason for closing the store [...]