Sun art retail is a leading hypermarket operator in china. Feb 17 reuters sun art retail group ltd trading in shares of sun art retail group limited has beenhalted at 1. Sun art art prints available at wholesale to trade customers at liebermans. Sun art retails net profit reaches record high at rmb. Sun arts 18% growth in store network ensures its momentum in market share gains. Despite a smaller presence than walmart, sunart retail group holds a higher market share. Alibaba will form a strategic alliance with auchan retail and ruentex group. Announcements and notices continuing connected transaction i business cooperation between the group and alibaba group. Apr 22, 2014 april 22, 2014 sun art retail group 6808.
Product design, development and manufacturing for frames take place in. Sun art retails hypermarket business operates under two recognized banners auchan and rtmart. The sunart group has seen strong share growth driven by the opening of 45 new rtmart stores during 20. Hong kong nikkei markets chinese ecommerce major alibaba group holding said on monday it will acquire a 36. Sun art retail group limited surrf stock price, quote. In china, auchan retail is the main shareholder of sun art retail group. Revenues reflect retail sales, total decrease of 4% to rmb91. Nov 12, 2017 the following slide deck was published by sun art retail group ltd. Get sec filings for sun art retail group ltd surrf, including annual report 10k and quarterly report 10q. In 2010, in terms of turnover, rtmart turned to be the first foreignbased hypermarket chain in mainland china compared to other hypermarkets like walmart, tesco, and carrefour. See sun art retails revenue, employees, and funding info on owler, the worlds largest communitybased. Chinas major hypermarket operator sun art retail group ltd expects to open 25 new stores in the coun. Financial brief for the fiscal year ended 31 december 2019, sun art retail group ltd revenues decreased 4% to rmb95.
The following slide deck was published by sun art retail group ltd. Sunart extends their lead as western retailers struggle to gain share the sunart group has seen strong share growth driven by the opening of 45 new rtmart stores during 20. Luxottica also has produced sun and ophthalmic lenses for more than 20 years. Jun 25, 2018 sun art retail group limited is trading with a trailing pe of 30. Key highlights alibaba acquires stake in sun art retail group to. Euromonitor data show sun arts share in hypermarkets sales rose to 14% in 20 from.
No matter what youre looking for or where you are in the world, our global marketplace of sellers can help you find unique and affordable options. Adr in conjunction with their 2017 q3 earnings call. Find the latest sun art retail group limited surrf stock quote, history, news. Net income reflects service income increase of 14% to rmb486m income, int exp on financial lease liabilities decrease of 7% to rmb615m expense. We believe that sun art s better understanding of chinese customers is proving to be a competitive. May 12, 2018 shares of sun art retail group limited will begin trading exdividend in 3 days. The annual report of the company for the year ended 31 december 2019. Summary financials analyst contributors joshua lu joshua. Retail management i about the tutorial retail management is an activity of selling products or services to their endusers. In depth view into sun art retail group market cap including historical data from 2012, charts, stats and industry comps. The transaction involves alibaba acquiring sun art shares from.
The arts operational data model odm is a large, enterprise level relational data model designed to support a wide range of retail. Rtmart ranked the 4th in the latest list of top 100 retail chain operators in china in 2016 released by the china chain store and franchise association. Sunart extends their lead in china global site kantar. We believe that sunarts better understanding of chinese customers is. Alibaba invests in chinas sun art retail group deli market. It is designed to be used by data modelers, information architects, retail software engineers and retail business systems analysts. Alibaba subsidiary taobao china holding has agreed to buy an aggregate direct and indirect 36.
Sun art retail group limited andor its subsidiaries endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability whether in tort or in contract or otherwise for any loss or damage arising from any inaccuracies or omissions. The company operates its hypermarket business by two recognized banners, namel y auchan and rtmart. This tutorial introduces you to various concerns of retail business such as retail marketing, space management, and retail operations. Explore sun art retail profile at times of india for photos, videos and latest news of. About sun art retail sun art retail group has a nationwide footprint under two banners, auchan and rtmart. Sun art retail group ltd 269 followers on linkedin sun art retail is a retail company based out of hong kong. Rtmart international ltd trading as rtmart is a hypermarket chain in taiwan. New retail becomes reality as sun art outlets go smart. Sunart extends their lead as western retailers struggle to gain share.
The deal makes alibaba the second largest shareholder. Alibaba group, auchan retail and ruentex form new retail. The transformation enables these stores to accelerate the integration of their various retail systems, while allowing consumers to place orders through the. Since joining the french retail group auchan in 1991, ludovic holiniers. As part of the deal, frances as part of the deal, frances. The company operates its hypermarket business by two recognized banners, namely auchan and rtmart. Central group too, with plans to launch an online shopping site in thailand in 2018. While growth is not expected to be as dynamic as before and in comparison to regions such as middle east and africa, asiapacific will generate the highest amount of absolute new retail sales. Phillipmart announces preipo share price of sun art retail group limited stock code. Rtmart and auchan made a joint venture, sun art retail group ltd. Leading ecommerce businesses are using sophisticated datasets to find buyers and determine where to open stores. Sun art operates 400plus hypermarkets across china under the.
According to ministry of commerce, the retail sales of top 100 retailers only grew 8. Sun art retail group limited surry stock price, quote. New retail in action issue 12 alibaba acquires stake in. At the end of march 2019, we had digitized about 470 sun art stores with our new retail knowhow and proprietary technology. Update 1hypermarket chain sun art bets on online delivery. Sun art retail group, the chinese retailer, saw its profits climb more than 15% in 20 as new stores boosted sales and the companys buying. Mar 01, 2014 according to ministry of commerce, the retail sales of top 100 retailers only grew 8.
Sun art retail group ltdsurrf annual report 10k quarterly. This document describes retail enterprise information structure and content in detail. This move is part of the companys plan to secure offline, rural, and overseas buyers and expand existing networks as. Sun art retail operates its hypermarket business under two recognized banners auchan and rtmart. In china, new retail is a concept that integrates online and offline shopping. Aug 10, 2017 hong kong, aug 10 reuters sun art retail group ltd, chinas no. Alibaba to buy big stake in walmart china rival wsj. Today we have over 4,000 windows equipped with digital screens in the groups retail chains and in select independent optical stores, as well as largescale. It contains a lot of data modeling terminology and expresses retail concepts in a formal style. Alibaba to buy stake in chinese hypermarket sun art retail. The narrative covers a number of retail enterprise business topics in detail and may be used to supplement retail business text books for readers that are unfamiliar with retail business concepts.
Otc us including stock price, stock chart, company news, key statistics, fundamentals and company profile. Sun art retail, which operates leading supermarket chain rtmart and auchan in china, is on course to digitalize its offerings and services, five months after being acquired by alibaba group. Alibaba groups cooperation with sun art in which we hold an approximately 31% effective equity interest continues to deepen as sun art stores adopt hemas technologies and services including ondemand delivery, joint procurement and supply chain management of fresh food offerings. Sun art retail group food business news, company profile.
Challenges walmart faces in mexico and china forbes. Sun art retail is the largest hypermarket operator in china with. Aug 17, 2018 occurring in traditional and ecommerce retail sectors. After a recent company visit, we found that rtmarts sssg turned positive yoy in. The latest acquisition in a series that has also seen suning commerce and intime retail group join under the ecommerce companys umbrella, alibaba will acquire 36% of sun art, a number that auchan retail plans to match.
Alibaba invests in chinas sun art retail group deli. Shares of sun art retail group limited will begin trading exdividend in 3 days. Alibaba group, auchan retail and ruentex group today form a strategic alliance to explore new retail opportunities in chinas food retail sector. This may not be consistent with full year annual report figures. Sun art retail representatives, dont miss out on opportunities to build relationships with members on linkedin. Sun art retail competitors, revenue and employees owler. The group has initially applied hkfrs 16 at 1 january 2019 using the full. Auchan chinas chairman on the future of food retail mckinsey. Apr 28, 2020 in depth view into sun art retail group market cap including historical data from 2012, charts, stats and industry comps. Etsy is the home to thousands of handmade, vintage, and oneofakind products and gifts related to your search. Sun art retail group limited is a company incorporated in hong kong. While 6808 might seem like a stock to avoid or sell if you own it, it is.
Under no circumstances shall sun art retail group limited andor its. Apr 02, 2014 despite a smaller presence than walmart, sun art retail group holds a higher market share. China peoples republic of retail foods change and opportunity. In terms of returns from investment, sun art retail group has fallen short of.
Hong kong including stock price, stock chart, company news, key statistics, fundamentals and company profile. Nov 20, 2017 alibaba subsidiary taobao china holding has agreed to buy an aggregate direct and indirect 36. Sun art retail group limited incorporated in hong kong with limited liability stock code. Alibaba group announces mar quarter and fy2019 results. The companys subsidiaries include rtmart holdings limited, concord investment china co. Global powers of retailing 2018 transformative change. The pace of new store openings has been very rapid compared to rtmarts key competitors and. It also introduces you to visual merchandising, retail marketing mix, and etailing. Phillip securities announced today the details of preipo trading activities for shares of sun art retail group limited sun art. As of 30 june 2014, sun art retail had a total of 327 hypermarket complexes in china with a total gross floor area gfa of approximately 9. Sun art retail is a retail company based out of hong kong. The pace of new store openings has been very rapid compared to rtmarts key competitors and the retailer now has 264 stores across china. B2b hexiaoma omnichannel targeting lower tier cities b2c taoxianda o2o services targeting local customers c2b tmall xiafan expansion of popular skus data capture through pos system real time analytics sun art o. Hong kong, aug 10 reuters sun art retail group ltd, chinas no.
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