China is experiencing a convenience-store boom

Asia .
China is experiencing a convenience-store boom

Inside Retail Asia: Nearly 12,000 new convenience stores were opened on the mainland last year, according to the China Urban Convenience Store Index, an increase of 18 per cent. The index, released by the China Chain Store and Franchise Association, showed that new convenience stores took up 62 per cent of all new openings in the territory. Around two-thirds of these were opened under a franchise arrangement.

Typically, franchised convenience stores in China show a return on investment at the two year mark.

Full original article: https://insideretail.asia/2019/05/24/china-is-experiencing-a-convenience-store-boom/#daily

Shopper 360 banner