Retail Formats
The Turbulent Traditional Retail Landscape of 2019
Yonghui's acquisition of Zhongbai Group has hit a new snag as the National Development and Reform Commission initiates a special review, expected to conclude within 60 working days. With just over a month left in 2019, the traditional retail landscape has shifted dramatically: Carrefour China sold to Suning, Metro China to Wumart, China Resources Vanguard exited Shandong, Costco entered China, and Aldi tested physical stores.
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