Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
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CHIEF EXECUTIVE OFFICER’S STATEMENT<br />
We expect that these various initiatives will help us to continue to enjoy good same store sales growth. We will<br />
also continue to open stores at a sustained rate, since we have on hand a portfolio of 157 firm <strong>com</strong>mitments<br />
(lease contracts or land/building purchase contracts) for future store openings in the next three years.<br />
We also want to continue to ensure we are recognized as a valued partner by our suppliers, governments<br />
and society in general. In 2012 our banners made strides in their sustainable development initiatives. Auchan<br />
was the first retail enterprise in China to obtain carbon credits and LEED certification for its Wuxi store. The<br />
Lianshui, Sujiatun and Sanlin store under RT-Mart won the title of being three of the “One Hundred Exemplary<br />
Low-carbon Emission Shops Nationwide” issued by the China Chain Store & Franchise Association, joining<br />
Zhabei, Dafeng and Tiansha store, for a total of six RT-Mart stores having won the title.<br />
Looking forward, 2013 remains a challenging year, given that uncertainties over the state of the global<br />
economy have not been dispelled yet. However, we believe that through our sustained investments in employee<br />
training we should be able to provide a consistent quality customer experience nationwide and continuously<br />
improve our <strong>com</strong>petitive position in China’s growing retailing market.<br />
Bruno Robert Mercier<br />
Chief Executive Officer<br />
Executive Director<br />
15 March 2013<br />
6<br />
<strong>Sun</strong> <strong>Art</strong> <strong>Retail</strong> <strong>Group</strong> <strong>Limited</strong><br />
Annual Report 2012