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The seven department stores and shopping malls are Taikoo Hui, Onelink, G.T.Land Plaza, Guangzhou Friendship Store Guojin Branch, Wanda Plaza in Baiyun New Town, Central Business Plaza in Zhujiang New Town, and No.5 project in Baiyun New Town. By the end of 2010, the surface dedicated to high-end shops in Guangzhou will have increased from the current 360,000 sqm to nearly 1 million sqm.
Olé supermarkets, Marks & Spencer, Zara and other brands are to open their first stores in Guangzhou soon.
The first F2F (Factory to Family) electronic household appliance store 'Mocbac' (摩卡巴卡) opened in Victoria Plaza in Guangzhou Tianhe District on July 31st.
This direct sale strategy can bring prices down by about 40% compared to traditional retailers. Mr. Yang, the president of Mocbac said, "the main products on sale are electronic kitchen appliances. We have our own manufacturing centers therefore we can offer much lower prices. For some items we charge only around 1,000RMB whilst traditional retailers charge 4,000RMB. Disinfection cabinets and electric ovens are selling at around 2,000RMB." The F2F store also opened a website: www.mocbac.com.
Add.: 1403 Tower A, Victoria Plaza, No. 103 Tiyuxi Lu, Tianhe Disctict, Guangzhou.
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