久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Food for thought in the retail business

By Li Woke | China Daily | Updated: 2013-04-01 02:41

The concept of a "convenience" store jars with 55-year-old retired doctor Xu Zeng ever since her nearest one, just downstairs from her apartment in Liwan district of Guangzhou, closed.

Xu now has to walk for at least 20 minutes every morning to get a bottle of hot milk or steamed stuffed buns for breakfast.

Food for thought in the retail business

An employee of Wal-Mart Stores Inc asking a man not to take a photo at a Wal-Mart outlet in Nanjing, capital city of East China’s Jiangsu province. Wal-Mart said in March that it will close two stores in April after a business appraisal. One is in Wuxi city and the other is in the city where it has its China headquarters — Shenzhen. [Photo/China Daily]

"Store closures are common here. There is always a shop closing while another opens," said Xu with a shrug.

When she worries about her long daily walk, many foreign retailers are worrying about their business performance in the country.

Last year, the world's largest convenience store retailer, 7-Eleven, confirmed store closures in Guangzhou, capital city of South China's Guangdong province, saying it was part of a business adjustment.

Even the world's largest retail giant by sales, Wal-Mart Stores Inc, said in March that it will close two stores in April after a business appraisal. One is in Wuxi city and the other is in the city where it has its China headquarters — Shenzhen.

In September last year, Home Depot Inc closed all seven of its remaining stores in China after years of financial losses, while Best Buy Co closed its nine outlets in the country in early 2011, after having discovered that their Western business models don't work well in an oriental culture.

In addition to store closures, foreign retailers have slowed down their expansion in the country.

Wal-Mart said it plans to open around 33 stores a year. In past years the figure was around 50.

According to Kantar Worldpanel, a London-based consumer research company, two leading retail groups, the Sun Art Retail Group and Wal-Mart, both experienced declining market share in the last quarter of 2012, with Wal-Mart seeing the most significant drop. Wal-Mart's weaker performance was driven by fewer shoppers visiting the store rather than shoppers spending less with the retailer.

"Store closures were part of the company's business adjustment, which was caused by the poor efficiency of the outlets," said a spokeswoman at 7-Eleven Shanghai.

"Store location, company strategy, business performance and other considerations combine to create a decisive factor regarding the adjustment of stores," Li Ling, senior director of public relations at Wal-Mart China, was quoted by China Business News as saying.

Industry experts said because of severe competition, store closures are common for retailers. Some may need to upgrade or die according to the company's expansion strategies and the country's gloomy economy.

Last year, China's economic expansion slowed to 7.8 percent year-on-year amid external jitters and domestic woes. Last year's figure was the slowest year of growth for China since 1999 and was down from 9.3 percent in 2011 and 10.4 percent in 2010, according to the National Bureau of Statistics.

Following the application of the economic brake, the Chinese retail industry stumbled through the year. Data from the China Chain Store & Franchise Association reveals that total sales of the top 100 large retail chains in China increased more than 20 percent year-on-year to 1.65 trillion yuan ($265 billion) in 2011, and last year's sales growth continued to decline although the figures are not available so far. The total sales in 2010 were 1.66 trillion yuan, a year-on-year increase of 21.2 percent.

Department store sales also reflected the decline in the Chinese retail industry.

Shin Kong Place, which topped sales among department stores in 2011, achieved total sales revenue of 7.3 billion yuan in 2012 with a year-on-year growth rate of 12.3 percent. In comparison, it experienced rapid sales growth from 2009 to 2011 at a rate of 30 percent.

Previous Page 1 2 3 Next Page

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 亚洲免费在线视频播放 | 一区二区三区在线免费看 | 欧美va在线播放免费观看 | a毛片基地免费全部香蕉 | 亚洲天堂免费 | 特级片视频 | 国产欧美日韩一区二区三区 | 亚洲第三区| 欧美激情国内自拍偷 | 欧美一级毛片免费看高清 | 国产视频成人 | 国产一线视频在线观看高清 | 国内一级特黄女人精品片 | 青青草国产免费国产是公开 | 99久久免费精品视频 | 国产精品毛片无码 | 欧美极品video粗暴 | 美女曰皮 | 日韩亚洲成a人片在线观看 日韩亚洲精品不卡在线 | 国产精品久久久久久久专区 | 国产精品久久久久久免费 | 免费一区二区三区 | 操出白浆视频 | 欧美午夜a级精美理论片 | 精品视频在线一区 | 亚洲精品高清国产一久久 | 欧美成人免费xxx大片 | 国内精品久久影院 | 99黄色网| 日韩欧美综合 | 老司机免费福利午夜入口ae58 | 久久香蕉国产线看观看式 | 在线 | 一区二区三区四区 | 欧美高清在线视频一区二区 | 成人一级黄色毛片 | 一区二区三区日韩精品 | 夜夜爱夜夜爽夜夜做夜夜欢 | 国产一区二区在线免费观看 | 三级黄色网 | 久久精品国产精品青草不卡 | 看三级网站 |