China 3C Group to Open Stores in Carrefour
ZHEJIANG PROVINCE, China, Jan. 2 /Xinhua-PRNewswire-FirstCall/ — China 3C Group (BULLETIN BOARD: CHCG) , a major distributor and retailer of consumer and business products, announced today that it has signed an agreement to open its stores in Carrefour, one of the largest retailers in the world.
The agreement is part of China 3C’s strategic initiative to capitalize on the expansion of foreign players in China through partnering with global brands.
Zhenggang Wang, CEO of China 3C Group, said, “We are very pleased to be increasing our presence in one of the globe’s foremost retailers, Carrefour. This further validates our strategy of dealing with top brand-name retailers and cooperating for mutual benefit.”
China 3C will provide further details on the agreement’s impact on guidance and store count at a later date.
About China 3C
China 3C Group is a leading retail chain operating more than 900 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C’s primary attributes is its efficient distribution network and rapid logistics system. The company’s goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com/ .
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For more information, please contact: Investor Relations Contact: Frank Hawkins and Julie Marshall Hawk Associates, Inc. Tel: +1-305-451-1888 Email: info@hawkassociates.com Website: http://www.hawkassociates.com/
China 3C Group
CONTACT: Frank Hawkins and Julie Marshall, Investor Relations, both ofHawk Associates, Inc., +1-305-451-1888, info@hawkassociates.com