Articles by 陶冶

Reshaping Value: Convenience Stores Are About to Have Their Moment

At the 2015 China Chain Store Convention, convenience stores emerged as the standout sector. While physical retail formats saw slowing growth or even negative growth, convenience stores bucked the trend with over 20% growth. Since their introduction to China in the mid-1990s, modern chain convenience stores experienced an initial expansion boom, but faced contraction due to hypermarket growth and rising rents. Now, with changing consumer preferences and technological advancements, the industry is poised for a new era, but it must overcome challenges in valuation and profitability.