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News Breaks
August 23, 2012
05:57 EDTNPDChina Nepstar: expect more sales growth to continue in 2H of year vs 1H
CEO Fuxiang Zhang commented "Looking to the 2H of the year, we expect same store sales growth to continue. We also expect less underperforming store reorganization being necessary compared to the 1H. Our goal remains to enhance our product offerings and services to our customers. While we continue to build our portfolio of pharmaceuticals and nutritional products, we are actively optimizing our convenience and other product portfolio to increase store traffic. We plan to drive sales of non-pharmaceutical categories through more proactive marketing campaigns and therefore we expect more contribution from the convenience and other products in the second half of the year. We are focused on improving our bottom-line and maintaining strong operating cash flow."
News For NPD From The Last 14 Days
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July 19, 2015
14:18 EDTNPDChina Nepstar forms special committee to evaluate 'going private' proposal
China Nepstar Chain Drugstore announced that its board of directors has formed a special committee consisting of three independent directors to consider the previously announced preliminary non-binding "going private" proposal letter that the board received on July 6.

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