• Kyodo News


Home electronics retailer Laox Co. said Monday it will open 110 stores in China for musical instruments and a variety of merchandise popular in Japan.

Laox said it will aim to generate ¥27.5 billion in the year to March 2013 by opening the stores under a three-year medium-term management program worked out after China’s Suning Appliance Co. became its top shareholder in August.

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