Articles by 小圳子

The Rise and Fall of Supermarkets in Shenzhen: Making Sam's Club a Global Bestseller, Yet Failing to Create a 'Pang Donglai'

In early May, the old Shenzhen supermarket chain Renrenle was delisted after four consecutive years of losses, closing 45 stores and transferring 15 in the past year, while opening only one new store. In contrast, Sam's Club is opening its fifth store in Shenzhen this year, making the city second only to Shanghai in the number of Sam's Club locations, and the Futian store has been the global sales champion for 15 consecutive years since 2008. Despite once being a cradle of Chinese supermarket giants, Shenzhen's retail sector has failed to produce a homegrown 'Pang Donglai'.