date:Oct 18, 2013
en foreign rivals, said Hermann Ng, chief executive officer of Retail Nation, a consultancy in Shanghai. The move is also a signal of consolidation in the supermarket industry, he added.
Through the deal, Wumart, which has most of its stores in Northern China, is expected to expand to Eastern regions where C.P. Lotus has a larger presence, Ng said.
Rachel Li, business group director of Kantar Worldpanel China, said the customers of the two retailers are complementary and the merger of the comp