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Last $2.36 USD
Change Today -0.10 / -4.07%
Volume 3.6K
QKLS On Other Exchanges
Symbol
Exchange
NASDAQ CM
Stuttgart
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

4 Nanreyuan Street

Dongfeng Road

Sartu District

Daqing, 163300

China

Phone: 86 45 9460 7825

Fax:

QKL Stores Inc. engages in the operation of retail chain stores in the People’s Republic of China (PRC). The company operates 27 supermarkets, 14 hypermarkets, and 4 department stores in northeastern China and Inner Mongolia. The company’s supermarkets and hypermarkets sell a selection of merchandise, including groceries, fresh food and non-food items. The company has 2 distribution centers servicing its supermarkets. The company’s stores are spread throughout northeastern China and Inner Mongolia with a concentration in Heilongjiang Province. The company’s grocery items include prepared or packaged foods, including instant foods, canned foods, packaged rice and wheat powder, and crackers and chips; bulk (unpackaged) grains including rice and ground wheat; bottled water and beverages; cigarettes; and certain non-food items, such as cleaning products, cosmetics, and disposable razors. The company’s fresh-food items include fresh raw meat, which it cuts and packages; cooked meats; fresh seafood; fresh bakery items, including breads, buns, dumplings, and other self-prepared foods; fresh noodles and pastas; fresh milk, yogurt, and eggs (supplied fresh every day); and packaged dumplings (supplied fresh every day). Its non-food items include all non-food items, except cleaning and cosmetic items included in grocery; specifically clothing and shoes; books and stationery; bedding and home furnishings; small electronics and household use items like irons, electric shavers, hair dryers, massage machines; and office supplies, toys, sporting goods and other items. Private Label Some of the merchandise the company sells in its supermarkets is made to its specifications by manufacturers, using its QKL brand name. The company refers to such merchandise as private label merchandise. With private label merchandise, it entrusts the manufacturer to make the product and to select the name and design. Department Stores The company operates four department stores through QKL-China’s subsidiary, Daqing Qinglongxin Commerce & Trade Co., Ltd. (QC&T). The company’s department stores are located in the same buildings as its supermarkets and are licensed to sell all of the non-food products sold by its supermarkets. Its department stores sell brand-name and luxury clothing and accessories, cosmetics, small electronics, jewelry, books, home furnishings, and bedding, and contain a movie theater and a traditional beauty salon. Business Strategy The company’s strategy is to expand its market share and to benefit from the anticipated growth in China’s retail industry. Intellectual Property The company has registered the name ‘Qingkelong’ as a trademark in the PRC. Suppliers The company’s suppliers include Daqing Lvlei Economic and Trade Co., Ltd; DaqingLiangjia Economic and Trade Co., Ltd; Daqing Hongtaiyuan Economic and Trade Ltd; Daqing Tianyi Food, Ltd; Daqing Green Grassland Dairy Sales Co., Ltd.; Harbin Hongyang Economic and Trade, Ltd.; Daqing Kun's Economic and Trade Co. Ltd.; Qingan Bolin Rice Industry Co., Ltd; Harbin Fuyu Trading Co., Ltd.; and Daqing Tonghaiyuan Economic and Trade Co., Ltd. Competition The company’s competitors include Wal-Mart; Carrefour; Tesco; Dashang Supermarkets managed by Dashang Group Co., Ltd; and Mankelong Supermarkets.

 

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