The Famous Russian Sports Brand Will Be Expected To Be Sent To The Chinese Market

According to Nicola Jussi Kiefer, manager of the real estate department of the group, the company sharply reduced its expansion plan in 2014 and 2015.

The company opened about 55 sporting goods stores and some 100 Austen clothing stores in 2014, and the initial plan is 2 times that figure.

He said the plan in 2015 was more cautious: no more than 30 sporting goods stores and no more than 50 Austen clothing stores.

It is reported that at present, the company has not chosen a location for the new store, and it is expected that the situation will deteriorate in the future.

At the same time, the company has a plan to open up the Chinese market.

The group opened its first branch store in China in March 2014: at present, there are 10 master shops and 20 Austen clothing stores in China.

The company believes that the coming 2015 will be a testing period.

Jussi Kiefer said: "our task is to accurately test the market, so that goods can adapt to the market, so the current paction volume is very low."

He continued: "if we successfully pass the test period, we will have more stores in China in five years than in Russia."

He also said the competition in the local market was fierce, but the form of "sports master" was not yet available in China.

Sears, a famous retail department in the US, will be closed on a large scale.

In the recent earnings report, the net loss of hills holdings was $296 million.

Previously, the number of shops planned for Sears was 130, but in view of the current situation, the number of stores will be increased to at least 235 by the end of the year.

Korea and Australia FTA effective, Korean enterprises to enter Australia barriers sharply reduced

According to the Yonhap news agency, the ROK Australian free trade agreement (FTA) came into effect on the 12 day. The report on the status quo and March of the Australian procurement market released by the Korean trade and Investment Promotion Agency (KOTRA) on the same day showed that with the entry into force of the FTA, the barriers to the purchase of Leah by Korean companies will be significantly reduced.

The scale of the Australian government procurement market is about 40 trillion won each year (about 225 billion 600 million yuan), of which 15% is purchased through foreign enterprises.

Due to the fact that Australia has not joined the WTO's Government Procurement Agreement (GPA), so far, the level of Korean enterprises' participation in Australian government procurement is relatively low.

The FTA provisions of Korea and Australia include the contents of the two countries opening the procurement market to each other, so that Korean enterprises are expected to enter the Australian procurement market in an all-round way.

In addition, one of the conditions for participation in procurement and bidding is that the need for past procurement performance has also been abolished, so Korean enterprises with no performance can compete under the same conditions.

It is believed that Korea hopes to enter Australia's market, including copy paper, LED lighting and so on.

KOTRA said that the time of the entry of FTA was ahead of schedule, which provided an opportunity for Korea to occupy the local market faster.

In addition, the trade association of Korea said that after the entry into force of the FTA12, the two countries began to reduce tariffs on each other. By January 1st next year, the export tariffs of Korea to Australia will be reduced by US $390 million, and the two countries will further reduce tariffs in January 1st next year.