BEIJING—The Chinese cities of Beijing, Shanghai, Wuhan and Xi’an will have more convenient shopping by the end of 2019, thanks to the 700-plus new convenience stores opening there, according to Xinhuanet.com.
The new outlets will come from chains such as Bianlifeng, Suning Xiaodian and 7-Eleven. Xi’an, capital of Shaanxi Province, is set to have no less than 3,000 chain convenience stores by the end of 2020, the government has reported.
Convenience stores have seen the fastest growth among all business models of chain store, according to the China Chain Store & Franchise Association. Last year, the sales volume of the country’s top 100 convenience-store firms rose 21.1%, with an 18% increase in their store numbers.
Michael Davis, NACS vice president of member services, spoke at the CCFA Convenience Store Congress in Wuhan in May and visited Today Inc., the fast-growing 24-hour convenience-store chain based in the city. “This 400-plus store chain is poised to be a real world-class operator able to compete with anyone on any continent,” Davis told NACS Daily.
For more insights into the Asian retail environment, mark your calendars to attend the NACS Convenience Summit Asia, taking place March 3–5, 2020, in Bangkok, Thailand. For coverage of the 2019 summit, see “China Focus” in the June issue of NACS Magazine.