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Future market trends for convenience stores in China

07. Oktober 2019 10:55 Uhr

In 2018, total convenience store sales in China reached 226 billion RMB (28,8 billion Euro). Convenience stores develop vigorously (CAGR 19%) and the Convenience store industry continues to expand in scale while gradually deepening their operational depth, “testing the waters” with innovative new models.

Continuous improvements of quantitative indicators such as profitability, store efficiency, employee efficiency and sales per unit area are observed. New models such as omnichannel model, community group buying model and mobile payment model explored and applied. Combining new technologies & models, these efforts help companies lay a solid foundation for continued expansion.

2019 China Convenience Store Development Report

 

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