Dec. 3, 2008 (China Knowledge) - HomeMart Furniture, a warehouse store selling furniture, gifts, accessories and decoration for home and life controlled by Shanghai Bailian Group<600631>, suspended the operation of two new stores in Beijing.

The two stores were merely closed for business restructuring, said Homemart's spokesperson, in response to market speculation on the losses of the two outlets.

The spokesman also added that the company would undergo internal management structure changes at the end of this year. However, no information for the reopening of the two stores was provided.