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Articles by 任彩茹
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Leaving 7-Eleven and FamilyMart Behind, Lawson China Marches Toward 10,000 Stores
When foreign convenience store chains lower their proud heads. The term '10,000 stores' is no longer rare, with Mixue Bingcheng in tea drinks, Luckin Coffee in coffee, and Meiyijia in convenience stores. But for foreign brands, cases of setting and steadily pursuing a 10,000-store goal are few. Lawson is one, aiming for '10,000 stores in China by 2025.' Despite the pandemic's impact on offline retail, Lawson has maintained rapid expansion, adding 1,175 stores in 2022, second only to Meiyijia among top 10 brands, and achieving its first profit in China in two years.
任彩茹Why Costco Defeated the World's Number One
Costco's high growth is unlike that of traditional physical retail. In the latest fiscal quarter, while global retail was clouded by gloom, Costco stood out with growth in both revenue and net profit. This article analyzes Costco's financial results and explores whether its warehouse membership model can be a remedy for Chinese retail.
任彩茹