China Convenience Store Market Report 2018 - ResearchAndMarkets.com

DUBLIN--()--The "China Convenience Store Market Report, 2018" report has been added to ResearchAndMarkets.com's offering.

Convenience stores market increases 23% in 2017 and total market size over RMB 190 billion. At the same time, newly opened stores increased by 13% in 2017.

Development Status of Convenience Stores in China:

  • Potential market space, especially in first-tier & second-tier cities. Obvious regional performance and no national layout launched.
  • Big space for profit growth. Single store sales & profit improved over the years, but still have a large gap compared with international leaders.
  • Product structure needs to be elevated. Ratio of ready-to-eat and own brand are still low.
  • 40% convenience store brands have not yet start franchise business.
  • Over 50% convenience store brands introduced network retail and mobile payment technology fleetly popularized.
  • Member system needs to be enhanced. 40% convenience store brands have built up their own member systems.

Development trend outlook of Convenience Stores in China:

Digitization will become the largest trend in Chinese convenience store market, which is driven by 3 impetus:

1. Comprehensive digitization of Chinese consumers,

2. Internet giants (such as BAT, Alibaba) stepped into the market and built up digital eco system,

3. Digital revolution in traditional convenience Stores.

For more information about this report visit https://www.researchandmarkets.com/research/7tsjk4/china_convenience?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Convenience Stores and Service Stations

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Convenience Stores and Service Stations