date:Aug 27, 2013
cent during the period, and the contribution from newly opened stores. Gross profit margin edged up 0.1 percentage point to 19.9 per cent.
During the first half of 2013, the retail sector experienced intensified competition, said Wu Jianzhong, the chairman of Wumart. The group will further increase its efforts in expanding in Tianjin and Eastern China and target fresh-food operations as its long-term strategy.
In June, Wumart had 541 stores in Beijing and Tianjin and in Hebei and Zhejiang prov