China’s Convenience Store Industry Experiences Positive Growth in Various Cities
The China Chain Store and Franchise Association reports an encouraging surge in the number of convenience stores across the country, indicating a robust development in this sector.
Recently released by the China Chain Store and Franchise Association, the “China Urban Convenience Store Development Index” reveals that many cities in China are experiencing positive growth in convenience store establishments. This growth can be attributed to policies aimed at accelerating the construction of convenient living areas within cities, such as the quarter-minute concept.
The survey highlights Xiamen, Taiyuan, Dongguan, Changsha, and Guangzhou among the top five cities with significant convenience store development. These cities, along with others, constitute 64.1% of the total cities surveyed, demonstrating a stable growth trend in their respective convenience store sectors. Moreover, the development of convenience stores has now expanded beyond major cities into fourth and fifth-tier cities as well as county-level markets.
While convenience stores largely focus on regional markets due to factors such as geographical distance, supply chain limitations, and management efficiency, some chain convenience store brands are slowly expanding their reach. Continuous improvements in supply chain capabilities and digital technologies have intensified competition in certain cities, leading to regional integration among chain brands.
A spokesperson for the China Chain Store and Franchise Association emphasized that the differentiation in 24-hour convenience store proportions between cities remains consistent compared to the previous year. Notably, there is a clear disparity, with higher proportions in the south and lower in the north. This distinction can be attributed to various factors, including climate conditions, economic levels, and local residents’ eating habits.
Furthermore, the convenience store market in China still has room for improvement when compared to mature markets worldwide. Only a few cities in China have achieved market saturation with less than 2,500 people per store, meeting global standards. In most cities, however, convenience store saturation ranges from 3,000 to 9,000 people per store, indicating ample potential for growth. To ensure the healthy and sustainable development of convenience stores, policy guidance and support are crucial.
As convenience stores continue to play a vital role in ensuring the supply and meeting the consumption needs of urban residents, the China Chain Store and Franchise Association believes that 24-hour convenience stores can further enhance their services. Through policy support and guidance, these stores can better address the daily urgency of consumers, surpassing their current responsibilities and meeting evolving needs more effectively.
With its positive trajectory and potential, China’s convenience store industry stands poised for further growth, offering promising opportunities for both entrepreneurs and consumers.
(Reporter: Wang Yuxiao)
original title:
China Chain Store and Franchise Association: The number of convenience stores in many cities across the country has achieved positive growth
In recent years, driven by policies such as accelerating the construction of convenient urban quarter-minute living areas, the convenience store format has developed rapidly in many places. The “China Urban Convenience Store Development Index” surveyed and recently released by the China Chain Store and Franchise Association shows that the number of convenience store stores in many cities across the country will achieve positive growth in 2023, and store development index convenient Xiamen , Taiyuan, Dongguan, Changsha, and Guangzhou ranks among the top Five.
The survey results show that cities with positive growth in the number of urban convenience stores in 2023 account for 64.1% of the total number of cities surveyed, and convenience stores in most cities maintain stable development. At the same time, the development trend of convenience stores towards the lower market continues, and has now reached the fourth and fifth tier cities and county level markets.
In addition, from a national perspective, convenience stores in different cities still focus on deeply exploring the regional market, and are affected by factors such as geographical distance, supply chain and management efficiency, cross-regional chain convenience store brands still in their infancy. However, as some chain convenience store brands continue to improve their supply chain capabilities and digital technologies, competition in the convenience store market in some cities has gradually intensified, and regional integration among chain brands has also become a development trend .
Tourists buy goods at an Asian Games-themed convenience store in Hangzhou’s West Lake Scenic Area. Photo by Xinhua News Agency reporter Yan Linyun
“Judging from the results of the survey, the proportion of 24-hour convenience stores in each city has remained unchanged compared to last year, and the gap between cities is clear, showing high characteristics in the south and low in the north’, which is linked to the climate conditions of the city, the economic level and the eating habits of local residents.” The relevant person in charge of the China Chain Store and Franchise Association said that from the point of view of serving people’s livelihood, in addition to the basic functions of ensuring supply and meeting consumption, 24-hour convenience stores can also undertake more The responsibility of meeting needs can be improved the daily urgency of consumers further through policy support and guidance in the future to further improve the level of 24 hour convenience stores that serve urban residents.
The person in charge said that compared to the mature markets for convenience stores in the world, there are only a few cities in my country where the saturation of convenience stores is less than 2,500 people per store, reaching the mature standards of the market . Convenience store saturation in most cities varies from 3,000 to 9,000 people per store There is still a lot of room for improvement before the mature market stage More policy guidance and support is needed to promote the healthy and sustainable development of convenience stores . (Reporter: Wang Yuxiao)
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