Retail Formats
JD vs Alibaba Convenience Stores: How Should Traditional Mom-and-Pop Shops Choose?
Since last year, the retail industry has undergone a dramatic transformation. Traditional mom-and-pop shops, while navigating through uncertainties, have made their new choices; new retail, at the forefront of trends, continues to advance, with most still in the cash-burning phase; chain convenience stores are expanding from first-tier to second- and third-tier cities. The potential of China's convenience store market is immense, but the current situation is fragmented, small-scale, and not yet mature. The core issues lie in capital chains and supply chains.
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