Expansion

Advance Auto Parts Plans to Open 30 New Stores by 2025

2 months ago

Advance Auto Parts, one of the leading retailers of automotive parts in the United States, has announced its plans to open 30 new stores by the end of 2025. This decision is aimed at expanding the company’s presence in the American market and improving product accessibility for customers. According to the management's statement, a noticeable investment in expanding the network will support this growth strategy. In addition, the company also plans to increase its number of stores to 100 by 2027.

Costco Announces Expansion Plans with 9 New Stores Opening by 2025

3 months ago

In a recent announcement, Costco, a global leader in wholesale retail, revealed plans to open nine new stores by 2025. The expansion is set to kick off with the opening of two stores on March 6, 2025. This significant development aims to strengthen the company's market position and attract new customers amid increasing competition among retail chains.

Yondr Seeks Private Loan for Its Expansion in Malaysia

9 months ago

Data center company Yondr has announced its intention to secure a private loan to fund its expansion in Malaysia. This decision marks a strategic move for the company, aiming to increase its capacity and enhance service quality in one of the fastest-growing markets in Southeast Asia.

Temu Owner Faces Sales Disappointment After Global Expansion Slows

9 months ago

Recently, PDD Holdings, which operates actively through the Temu platform, has faced setbacks in its financial performance. Several factors contributed to this sales decline, which occurred amid a slowdown in the pace of global expansion. The platform, known for its low prices on Chinese goods, struggled to maintain its initial growth, raising concerns among investors and analysts.

Chinese Company Xpeng Aims to Manufacture EVs in Europe to Blunt Tariffs

9 months ago

Chinese electric vehicle manufacturer Xpeng Motors has announced plans to open a factory in Europe. This move is driven by the desire to minimize the impact of import tariffs on the sale of its cars in the European market. The new production facility is expected to enable the company to offer more competitive prices and increase the availability of its models for European consumers.