Times 2010: A Company Profile

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.

Table of contents

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 Supermark et 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

Related research categories

By company: Times