date:Feb 20, 2014
Spanish supermarket chain Dia has conceded that its Chinese expansion plans have not gone to plan. The group today confirmed that it has decided to withdraw from the Chinese capital Beijing, to focus its efforts on Shanghai.
163 Dia stores in Beijing are to close, with media repots saying that closures actually began happening as early as Spring 2013.
The reasons stated by the company for why this has occurred are two fold: poor performance of sales and rising rents as the result of the housi