Articles by 爱便利店的DT君

Carrefour Sells Out, Walmart Struggles: Who Is Besieging the Big Supermarkets?

After 60 years in operation, Carrefour has sold 80% of its China business to Suning.com for 4.8 billion yuan and exited the market. As big-box retailers like Carrefour and Walmart face declining sales and store closures, small-format stores such as convenience stores and fresh food shops are encroaching on their territory, signaling a shift in consumer preferences.