BUSINESS LEGO to open 80 new retail stores in China in 2020

BUSINESS

LEGO to open 80 new retail stores in China in 2020

Xinhua

22:41, June 25, 2020

LEGO.jpg

The mascot of the second China International Import Expo (CIIE) is seen at the National Exhibition and Convention Center in Shanghai, east China, Nov. 3, 2019. (File photo: Xinhua)

HANGZHOU, June 25 (Xinhua) -- LEGO Group plans to open 80 new retail stores in China this year, the global toy giant said Thursday.

The company opened a flagship store in the city of Hangzhou, capital of east China's Zhejiang Province, Thursday. The store, covering 527 square meters, is decorated with paintings and models of Hangzhou's famous tourist attractions made from hundreds of thousands of Lego bricks.

The outlet is the company's fourth flagship store in China, with the other three in Beijing and Shanghai.

"China is an important strategic market for the group, and we are confident in the Chinese market," said Paul Huang, senior vice president of the LEGO Group and general manager of LEGO China, adding the company will have 220 retail stores in China by the end of this year, which will cover more third- and fourth-tier cities in the country.

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