Times 2010: A Company Profile


June 1, 2010
14 Pages - SKU: ACS2735176
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Jiangsu-based Times is an operator of hypermarket and supermarket under the Times and Times Extra banners in the provinces of Jiangsu, Zhejiang, Anhui and Shandong and in the municipality of Shanghai.

The company focuses its operation in the fast-growing and affluent second and third tier cities in eastern China. Times is also increasingly focusing on large-scale hypermarket stores, rather than smaller supermarkets, due to the greater efficiency of the larger format.

Times obtained 93.28% of its revenue from the hypermarket business in 2008, up from 85.22% in 2006.

In October 2009, South Korea’s Lotte Shopping agreed to pay up to US$650m to buy Times to enable the South Korean firm to expand more rapidly in China. Lotte Shopping operates Lotte Mart in Beijing, Tianjin and Shandong and a department store in Beijing. Times will give Lotte Shopping a presence in eastern China. Times was delisted from the Hong Kong Stock Exchange in May 2010.


Additional Information

Access Asia’s Company Profile series of reports are meant to provide independent analysis on Chinese companies either in the news, or on the M&A radar. All company profiles contain contact details, company background and history, key activities in China, a SWOT analysis and key financial figures. We also include any key company events that have made the news, new product releases and branding activity.
1 Overview
1.1 Report Overview
1.2 Other Access Asia Reports of Possible Interest
1.3 China Retail Quarterly
2 Times Ltd.
2.1 Company Details
2.2 Company Background
Table 2.1 TIMES: NUMBER OF STORES, FEBRUARY 2009 & OCTOBER 2009
Table 2.2 TIMES: NUMBER OF STORES, 2006-2008 & 1H 2009
Table 2.3 TIMES: REVENUE BREAKDOWN, 2006-2008
Table 2.4 TIMES: SAME-STORE SALES, 2007-2008 & 1H 2009
3 Times’ Market
3.1 The Supermarket Retailing Industry
3.1.1 The Supermarket Retailing Industry: Total Retail Above Government Statistics Threshold
Table 3.1 TOTAL RETAIL INDUSTRY ABOVE THE GOVERNMENT STATISTICS THRESHOLD, 2003/2009
3.1.2 The Supermarket Retailing Industry: The Total Retail Industry
Table 3.2 THE TOTAL RETAIL INDUSTRY STRUCTURE, 2003/2009
3.1.3 The Supermarket Retailing Industry: Supermarket Significance Within the Total Retail Industry
Table 3.3 SUPERMARKET SIGNIFICANCE WITHIN THE TOTAL FOOD RETAIL INDUSTRY, 2003-2009
3.2 Supermarket Industry Sectors By Size
3.2.1 Supermarket Industry Sectors By Size: Size Definitions & Averages
Table 3.4 ESTIMATED AVERAGE SUPERMARKET OUTLET SALES, PROFITS, SIZE & STAFF (INCLUDING STORES BELOW THE GOVERNMENT STATISTICAL THRESHOLD) BY BROAD SIZE CLASS OF STORE, 2003/2009
3.2.2 Supermarket Industry Sectors By Size: Outlets
Table 3.5 ESTIMATED SUPERMARKET NUMBER OF OUTLETS (ABOVE THE GOVERNMENT STATISTICAL THRESHOLD) BY BROAD SIZE CLASS OF STORE, 2003/2009
3.2.3 Supermarket Industry Sectors By Size: Floorspace
Table 3.6 ESTIMATED SUPERMARKET AREA OF FLOORSPACE (ABOVE THE GOVERNMENT STATISTICAL THRESHOLD) BY BROAD SIZE CLASS OF STORE, 2003/2009
3.2.4 Supermarket Industry Sectors By Size: Sales
Table 3.7 ESTIMATED SUPERMARKET SALES REVENUE (ABOVE THE GOVERNMENT STATISTICAL THRESHOLD) BY BROAD SIZE CLASS OF STORE, 2003/2009
3.2.5 Supermarket Industry Sectors By Size: Profits
Table 3.8 ESTIMATED SUPERMARKET NET PROFITS (ABOVE THE GOVERNMENT STATISTICAL THRESHOLD) BY BROAD SIZE CLASS OF STORE, 2003/2009
3.2.6 Supermarket Industry Sectors By Size: Footfall & Basket Size
Table 3.9 AVERAGE SUPERMARKET CUSTOMER VISITS & BASKET VALUE (ABOVE THE GOVERNMENT STATISTICAL THRESHOLD) BY BROAD SIZE CLASS OF STORE, 2003/2009
3.3 Leading Supermarket Retailers
3.3.1 Leading Supermarket Retailers: Selected Listed Retailer Revenues
Table 3.10 SELECTED LISTED RETAILERS’ MAIN OPERATING REVENUES*, 2004-2009
3.3.2 Leading Supermarket Retailers: Selected Listed Retailer Supermarket Business Share of Revenue
Table 3.11 SELECTED LISTED RETAILERS’ SUPERMARKET/HYPERMARKET REVENUES & MARGINS, 2004-2009
4 Times’ Finances
4.1 Financial Results
Table 4.1 TIMES: FINANCIAL RESULTS, 2004-2008 & 1H2008-1H2009
Table 4.2 TIMES: BREAKDOWN OF FINANCIAL RESULTS, 2004-2008 & 1H2008-1H2009

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