Retail Formats
The New Story of Mom-and-Pop Stores
As the internet continues to permeate the retail industry, new concepts emerge endlessly, from new retail, borderless retail, and smart retail to the current hot topic of instant retail. Since last year, the concept of instant retail has sparked heated discussions. Recently, reports from CCTV.com and People's Daily Online have brought instant retail back into the spotlight, indicating that the market has further affirmed the trend of convenience stores joining food delivery platforms. According to a CCTV market research report, the average frequency of using instant retail per person in the first half of 2021 was 6.4 times. This year, the new business format of instant retail has continued to show new momentum.
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