Retail - Defensive » Grocery Stores NAICS: 445110 SIC: 5411|
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QKL Stores Inc is engaged in the operation of retail chain stores in northeastern China and Inner Mongolia. The Company's supermarkets and hypermarkets sell a broad selection of merchandise including groceries, fresh food and non-food items.
QKL Stores Inc a Delaware corporation was incorporated on December 2, 1986. The Company is a regional supermarket chain that currently operates 27 supermarkets, 14 hypermarkets and 4 department stores in northeastern China and Inner Mongolia. The Company's supermarkets and hypermarkets sell a broad selection of merchandise including groceries, fresh food and non-food items. It currently has two distribution centers servicing its supermarkets. It's the first supermarket chain in northeastern China and Inner Mongolia that is a licensee of the Independent Grocers Alliance, or IGA, a United States-based grocery network. As a licensee of IGA, the Company is able to engage in group bargaining with suppliers and have access to more than 2,000 private IGA brands, including many that are exclusive IGA brands. 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. Its Fresh-food items include: Fresh raw meat, which it cuts and package; 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. The Company's main competitors are local, regional and national chain supermarkets, and national and foreign chain retailers operating ' big box' or hypermarket stores. It also faces competition from traditional street markets and markets where customers can purchase live poultry and fish, convenience stores, tobacco and liquor retailers, restaurants, specialty retailers and large drugstore chains. The Company's operations are subject to a range of regulations covering every aspect of its business.