China 3C Group, a leading distributor and retailer of consumer and business products, has signed an agreement to open its stores in Carrefour, one of the largest retailers in the world.

 

The agreement is part of China 3C's strategic initiative to capitalize on the expansion of foreign players in China through partnering with global brands, a company’s release said. However the release felt short of providing further details on the agreement's impact on guidance and store count.

 

The company said that it would provide details at a later date.

 

Zhenggang Wang, CEO of China 3C Group, in a press release said, "We are very pleased to be increasing our presence in one of the globe's foremost retailers, Carrefour. This further validates our strategy of dealing with top brand-name retailers and cooperating for mutual benefit."

 

China 3C Group is a leading retail chain operating more than 900 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd.

 

Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. China 3C is partnered with some prestigious universities and research institutions in China and around the world.

 

They effectively utilize these universities most up dated innovations and studies in order to examine the 3C Products market in China and formulate suitable sales and marketing strategies for the company.

 

The company's goal is to become the number one retailer of 3C products in China.