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Professor Chen Liping: From Retail Revolution to Circulation Revolution, How Can China's Supermarket Industry Cross the Cycle?
China's supermarket industry has shown clear phased development over the past 30 years, with major changes every decade. Currently, the industry is undergoing a new round of transformation, which can be called the second revolution in the circulation field. To achieve cross-cycle development, enterprises must adapt to environmental changes and survive by being fit. The article discusses the current changes, the shift from retail to circulation revolution, and predictions for the next decade.
CCFA2020 China Supermarket Top 100 Released
According to the China Chain Store & Franchise Association's survey on basic industry conditions and the top 100 supermarkets in 2020, the list was released on July 28. In 2020, the top 100 supermarkets achieved sales of 968 billion yuan, up 4.4% year-on-year, accounting for about 5.5% of total FMCG retail sales; their total number of stores reached 31,000, up 7.4% from the previous year.
CCFAAuthoritative Release | 2018 China Chain Top 100 Released
The China Chain Store & Franchise Association's '2018 Industry Basic Situation and Chain Top 100 Survey' concluded, and the '2018 China Chain Top 100' list was released on May 9, 2019. In 2018, the top 100 chains achieved sales of 2.4 trillion yuan, up 7.7% year-on-year, accounting for 6.3% of total retail sales of consumer goods, up 0.3 percentage points from the previous year. The total number of stores reached 138,000, up 16.0% year-on-year. Excluding convenience store factors (including Suning Xiaodian), the growth rate was 9.1%.
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