date:Aug 27, 2013
Wumart Stores, a leading supermarket chain on the mainland, plans to enhance its fresh-food operation and expand to eastern cities to compete against bigger rivals such as United States giant Wal-Mart Stores and Sun Art Retail's RT-Mart.
First-half net profit at Beijing-based Wumart edged up 0.4 per cent year on year to 340 million yuan (HK$430 million). Revenue increased 11.5 per cent to 9.56 billion yuan. The company attributed the revenue growth to comparable store sales, which rose 3.8 per