Retail veteran Chaoshifa Market has been given a new lease of life. The Beijing-based supermarket chain caters for middle-aged and senior citizen customers, and has been operating in local communities since 1997. But this month the group opened three, small outlets in Beijing with the Japanese convenience store franchise, Lawson China Holdings Inc, in a bid to attract Millennial shoppers and white collar workers…Full Article: ECNS.cn Aug 2017
- In July 2017, Beijing’s Chaoshifa and Japan’s Lawson signed a cooperation agreement that would see the Chinese side supply the brick-and-mortar stores while the Japanese side would operate them. By the end of 2017, they hope to have ten 24-hour convenience stores up and running.
- As of 2016, China had more than 260 convenience store brands operating approximately 98,000 outlets.
- Major convenience store chains in China include 7-Eleven (Japan), FamilyMart (Japan), Lawson (Japan), Ministop (Japan), Shanghai Kedi Convenience Store (China), Shanghai Lianhua Quik Convenience Stores (China), Suguo Supermarket (China), Alldays (aka 好德, China), and Buddies (aka 良友, China).
- In June 2017, the startup Guangdong-based BingoBox opened its first unmanned convenience store in Shanghai. The store mobile phone technologies (i.e. WeChat, QR codes) and facial recognition software to process purchases. In July 2017, the unmanned convenience store reopened after a brief shutdown due to hot weather.
- In May 2017, Yonghui Superstores launched its YH Life brand store in Shanghai. YH Life is a convenience store that sells cigarettes, ice cream, readymade meals, and fresh food products.
- From 2015 to 2016, according to the Boston Consulting Group, Chinese convenience stores’ revenue increased from CNY 118.1 billion to CNY 133.4 billion (or by 13%), while the number of stores rose from 91,000 to 98,000 (or by 9%).
- In 2011, Shanghai had approximately 7,000 convenience stores (most in mainland China).
- Founded in 1994 and headquartered in Beijing, Wumart is one of China’s leading retail chains. Their outlets are primarily located in the northern provinces of Beijing, Zhejiang, Tianjin and Hebei.
- In April 2004, Wumart announced it was purchasing a stake in Beijing Chaoshifa Chain Store. In 2006, Wumart increased its stake in Chaoshifa to 25%.
- Founded in 1956 and headquartered in Beijing, Beijing Chaoshifa Chain Store is a supermarket retail chain that primarily operates in Beijing and Hebei Province.
Hong Kong Trends