Convenience stores to lead retail push
By Wang Zhuoqiong | China Daily | Updated: 2015-05-22 07:32
Improvement in business environment helps companies post robust growth rates, consider expansion, reports Wang Zhuoqiong.
Convenience and online stores were the fastest-growing sectors in China's retail market last year, while hypermarkets and department stores lagged far behind, according to a report.
With smaller size and closer proximity to younger consumers, convenience stores clocked a 25 percent year-on-year growth in terms of sales. Online retail stores, on the other hand, grew by 48.7 percent, said the China Chain Store & Franchise Association.
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