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
     
    亚洲中文字幕无码久久2020| 日韩成人无码影院| 亚洲中文字幕无码爆乳av中文| 中文字幕av高清有码| 高清无码中文字幕在线观看视频| 亚洲日韩av无码| 中文字幕日韩精品在线| 亚洲熟妇少妇任你躁在线观看无码| 亚洲av永久无码精品网站| 中文字幕在线资源| 一本一道精品欧美中文字幕 | 婷婷色中文字幕综合在线| 免费无码成人AV在线播放不卡| 熟妇人妻系列aⅴ无码专区友真希| 亚洲人成无码网WWW| 久久亚洲精品成人av无码网站| 无码夫の前で人妻を犯す中字| 欧美激情中文字幕| 中文人妻av高清一区二区| 久久无码人妻精品一区二区三区 | 亚洲AV永久纯肉无码精品动漫| 精品久久久久久久中文字幕 | 中文字幕无码毛片免费看| 最好看最新高清中文视频| 日本久久久久久中文字幕| 一本一道AV无码中文字幕| 在线精品自拍无码| 在线看中文福利影院| 中文字幕无码高清晰| 狠狠躁天天躁中文字幕无码| 中文字幕在线观看有码| 中文字幕专区高清在线观看| 中文字字幕在线中文乱码不卡| 中文字幕乱码人妻无码久久| 日韩亚洲变态另类中文| 亚洲一区无码中文字幕| 亚洲日韩在线中文字幕第一页| 天堂中文在线资源| 精品久久久久久无码不卡| 久久精品中文无码资源站| 国产成人精品一区二区三区无码|