Sun Art Retail is facing challenges from changing trends in retail formats.
One hundred RT-Mart hypermarkets operated by Sun Art Retail Group have completed a new retail transformation developed by Alibaba, covering 10 million households in first- to fourth-tier cities. Sun Art management indicated that overall efficiency of these stores has improved by 15%. The Shanghai Zhabei store, the first one to complete the transformation in March, has seen a 30% improvement in sales per square feet. We reiterate management’s guidance that there will not be a substantial increase...Sun Art Retail Group is an investment holding company, engaged in the operation of hypermarkets in the People's Republic of China (PRC), under two banners of Auchan and RT-Mart. As of Dec 31 2014, Co. had a total of 372 hypermarket complexes in China, with a total gross floor area of approximately 10,277,525 sq. m.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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