Retailing industry continues to boom

Small is still the charm in the retailing industry. Convenience stores continue to grow ahead of general retail formats, which boosted their momentum in terms of revenue and the number of brick-and-mortar stores last year, according to industry insights.

The number of convenience outlets climbed 18 percent, adding 11,944 new stores last year, according to the China Urban Convenience Store Index, released by the China Chain Store and Franchise Association on May 14.

New convenience stores take up 62 percent of the total number of stores in China.