Date
23 July 2018

PCD closing a Xiamen store due to high rental cost, paper says

PCD Stores (Group) Ltd. (00331.HK) has announced that it is closing a department store in Xiamen, the capital of Fujian province, by the end of October due to high rental cost, National Business Daily reported Tuesday, citing a company statement. The store had been the second biggest revenue contributor among the firm’s five outlets in Xiamen, the report noted. PCD Stores was acquired by Beijing Wangfujing Department Store (Group) Co. Ltd. (600859.CN) earlier this year.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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