Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Industries

    Retailing industry continues to boom

    By Wang Zhuoqiong | China Daily | Updated: 2019-05-22 10:12
    Share
    Share - WeChat
    A consumer picks lobsters imported from Boston at 7Fresh, a fresh-food supermarket in Tianjin. [Photo by Hu Lingyun/For China Daily]

    Small is still the charm in the retailing industry. Convenience stores continue to grow ahead of general retail formats, which boosted their momentum in terms of revenue and the number of brick-and-mortar stores last year, according to industry insights.

    The number of convenience outlets climbed 18 percent, adding 11,944 new stores last year, according to the China Urban Convenience Store Index, released by the China Chain Store and Franchise Association on May 14.

    New convenience stores take up 62 percent of the total number of stores in China.

    Franchises are the major means of expansion for convenience stores. About two-thirds of fresh stores are added through franchise. The report shows that the return on investment takes about 23.3 months on average.

    The first and second-tier cities have seen saturation of convenience stores while there is still plenty of potential for second and third-tier cities.

    Taiyuan, Shanxi province, Changsha, Hunan province, Xiamen, Fujian province, Chengdu, Sichuan province and Dongguan, Guangdong province saw the greatest increase in the number of convenience stores among Chinese cities. Numbers of convenience stores in Xi'an, Shaanxi province and Chongqing grew at 30 percent and 15.4 percent respectively.

    "There is big potential for more regional players to deepen their market penetration," said Peipei Liang, secretary general of the China Chain Store& Franchise Association.

    He added that the acceleration of the number of smaller stores is the key driver for the growth of brick-and-mortar stores in the retail industry nationwide.

    According to the Association, the top 100 chain stores have recorded sales of 240 billion yuan ($34.9 billion), up 7.7 percent.

    The survey is based on 138,000 retail stores, 16 percent higher than the previous year.

    Meanwhile, traditional hypermarket operators such as Suning and Yonghui have turned to smaller-scale and community stores for a new growth point, he added.

    For example, Suning Xiaodian, a community retail format, opened 4,485 new stores last year while seven out of 10 new stores opened by Yonghui last year were smaller stores.

    Excluding convenience stores, the average growth rate for the top 100 retailers in China is on a par with that of 2017, at 9.1 percent.

    About 18 retailers including Suning, Yonghui, Watsons and Hema Fresh have seen double digit growth in terms of revenue and number of stores.

    The increase in growth of the top 100 retailers benefited from online-and-offline expansion, said the report.

    In 2018, online revenue of the top 100 retailers grew 55.5 percent. Traditional supermarkets, such as CSF Market and Lotus of the CP Group, achieved triple digit growth in this sector.

    Meanwhile, enhanced management and improved operational efficiency have contributed to the rise in revenue, said the report.

    In 2018, the surveyed retailers saw gross profits on average rise from 17.9 percent to 18.3 percent.

    The report has found that international retail brands have made great efforts in improving their online-and-offline integrations. In 2018, the online sales of the top 100 foreign-invested retailers increased 61.4 percent, 5.9 percentage points more than the average.

    For example, Walmart integrated JD Daojia into its more than 250 stores, greatly driving up its online sales. Carrefour has developed pop-up stores with WeChat and its online business now covers 149 cities.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲免费无码在线| 无码人妻精品中文字幕免费| 亚洲AV无码国产精品麻豆天美| 亚洲?V无码成人精品区日韩| 亚洲精品午夜无码专区| av中文字幕在线| 人妻无码久久精品| 无码人妻精品一区二区三区66 | 无码少妇一区二区| 精品久久久久中文字| 亚洲一本大道无码av天堂| 国产50部艳色禁片无码| 亚洲AV综合色区无码另类小说| 中文字幕在线观看日本| 中文字幕丰满乱子无码视频| 精品无码国产污污污免费网站| 亚洲AV永久纯肉无码精品动漫| 无码人妻丰满熟妇区96| 中文字幕在线免费| 最近免费中文字幕高清大全| 日本久久久精品中文字幕| 亚洲日产无码中文字幕| 亚洲精品中文字幕乱码三区| 日本公妇在线观看中文版 | 亚洲AV永久无码精品一区二区 | 精品人妻无码一区二区色欲产成人| 精品久久久无码人妻中文字幕| 免费精品久久久久久中文字幕| 精品999久久久久久中文字幕| 人妻AV中文字幕一区二区三区| 亚洲av无码成人精品国产| 亚洲精品无码久久久久AV麻豆| 午夜成人无码福利免费视频| 国产精品无码久久综合网| 91久久精品无码一区二区毛片| A∨变态另类天堂无码专区| YW尤物AV无码国产在线观看| 久久午夜无码鲁丝片午夜精品| 国产成人AV无码精品| 下载天堂国产AV成人无码精品网站| 亚洲午夜无码AV毛片久久|