Euro­pean dis­count out­let to open in Suzhou

China Daily (Canada) - - NEWSCAPSULE -

Value Re­tail, one of Europe’s big­gest dis­count out­let chains, will open its first lux­ury out­let in Suzhou, Jiangsu prov­ince, next month, with an­other five un­der dis­cus­sion and con­struc­tion.

The chain will of­fer more than 100 lux­ury brands — at a 40 per­cent to 50 per­cent dis­count off reg­u­lar re­tail prices — in the first phase of the com­plex start­ing May 15, with more to come af­ter its grand open­ing in Oc­to­ber.

With hun­dreds of out­lets spread­ing across the coun­try, there are con­cerns about an out­let sur­plus. Some out­lets in Qing­dao, Chongqing and Ningbo were forced to shut down af­ter op­er­at­ing for only one or two years.

But De­siree Bol­lier, CEO of Value Re­tail, Bol­lier said she isn’t wor­ried. “There are so many ho­tels, but only the best one stands out,” she said. “So it works for the out­lets.”

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.