Toys "R" Us to open first China store in Shanghai http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-07-28T091004Z_01_SHA129194_RTRIDST_0_RETAIL-CHINA-TOYSRUS.XML&rpc=66
Fri Jul 28, 2006
SHANGHAI, July 28 (Reuters) - Major U.S. toy retailer Toys "R" Us will open its first China store in Shanghai before the end of this year, sources familiar with the plan said on Friday.
Toys "R" Us, partly owned by U.S. property developer Vornado Realty Trust (VNO.N: Quote, Profile, Research), had signed an agreement to open a 2,500 square metre (27,000 square foot) outlet in Super Brand Mall, a premium shopping centre in the city's Lujiazui financial district, the sources said.
"They will launch promotion activities as early as next month and open the store before mid-December," one source said on condition of anonymity. Big foreign retail chains, including Carrefour SA (CARR.PA: Quote, Profile, Research) and Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research), have been expanding rapidly in China.
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