Top-100 retail chain stores’ sales rise 3.5%
SALES of China’s top-100 retail chain stores and franchisees in 2016 grew 3.5 percent from a year ago, the lowest growth pace since the survey started 20 years ago, an industry report said yesterday.
Combined sales of the top-100 retail chain stores amounted to 2.1 trillion yuan (US$305 billion) while the total number of outlets climbed 5.9 percent from a year earlier to around 114,000, the China Chain Store and Franchise Association said in the report.
A new contributor to growth in transactions last year was online sales, which jumped 69 percent from a year ago to 120 billion yuan, or 5.8 percent of the total merchandising value.
Sales of specialty shops rose 6.5 percent while those of shopping centers added 1.6 percent, the report said.
Convenience chain store operators opened new stores as they expanded their retail network, while department stores and large supermarkets closed stores.
More than 80 members of the top-100 chain stores have developed house brands to boost profitability and this move contributed 5 percent of overall sales for these retailers on average, according to the association.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.