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Jusco to expand in China with new business model

By LI WOKE (chinadaily.com.cn) Updated: 2013-01-04 16:10

Department store operator Jusco, which stands for Japan United Stores Company, plans to accelerate its expansion in the Chinese market with a new business model in Guangzhou.

Jusco said it will open a small-sized supermarket called Maxvalu in Guangzhou later this month.

Jusco, a subsidiary of Japanese retail giant Aeon Co Ltd, entered China in 1996 and currently has 100 stores in the country.

Last month, convenience store operator 7-Eleven reportedly closed about 20 outlets in Guangzhou, while Family Mart was also reported to have shut around 20 outlets in the city.

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