Retail Formats
Traditional Supermarkets Close One After Another, While Warehouse Club Stores Surge Ahead
Warehouse club stores are booming, but why are they so popular? On August 26, Hangzhou's first Costco opened, drawing massive crowds with hour-long queues for parking. This is Costco's fifth store in mainland China, and each new opening has seen similar scenes. In contrast, traditional supermarkets are struggling, with closures and declining performance. The article compares the two formats and analyzes the rise of warehouse clubs, highlighting the competitive landscape among Hema, Sam's Club, and Costco, as well as the emergence of local brands.
张凌寒