在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

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
 
主站蜘蛛池模板: 亚洲一区国产二区 | 久久九 | 日韩久久久久久久久久 | 亚洲国产精久久久久久久 | 青草青草久热精品视频在线观看 | 久草在线资源福利站 | 91亚洲精 | 久久精品久久久久久 | 国产三级自拍 | 国产精品美女久久久久aⅴ国产馆 | 成人免费激情视频 | 日韩久久久久久 | 免费激情网站 | 国产高清不卡一区二区三区 | 国产精品第一国产精品 | 91香蕉| 欧美视频一区二区 | 欧美国产精品一区 | 成人国产精品免费观看 | 海外中文字幕在线观看 | 一区二区三区在线免费观看 | 精品日韩欧美一区二区在线播放 | 精品在线播放 | 羞羞的视频在线观看 | 日韩欧美国产成人一区二区 | 午夜视频网站 | 国产精品视频久久久 | 亚洲三级在线观看 | 91精品国产91久久久久久吃药 | 久久久夜夜夜 | 日韩在线免费 | 久久久精品国产 | 国产中文一区 | 久久久久久成人 | 欧美高潮 | 精品色| 一级h片| 毛片免费在线 | 久久高清一区 | 久久久夜夜夜 | 久久在线视频 |