China Chain Store and Franchise Association: The number of convenience stores in many cities across the country has achieved positive growth – Finance – China Industry Network

2023-10-01 06:35:00

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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 urban quarter-minute convenient living areas, the convenience store format has developed rapidly in many places. The “China Urban Convenience Store Development Index” recently surveyed and 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 the convenience store development index of 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 fourth- and fifth-tier cities and county-level markets.

In addition, from a national perspective, convenience stores in various cities still focus on deeply exploring the regional market. Affected by factors such as geographical distance, supply chain, and management efficiency, cross-regional chain convenience store brands are 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 the West Lake Scenic Area in Hangzhou.Photo by Xinhua News Agency reporter Yan Linyun

“Judging from the survey results, the proportion of 24-hour convenience stores in each city has basically remained unchanged compared with last year, and the gap between cities is obvious, showing the characteristics of ‘high in the south and low in the north’, which is related to the city’s climate conditions, economic level and the consumption habits of local residents.” The relevant person in charge of the China Chain Store and Franchise Association said that from the perspective of serving people’s livelihood, in addition to the basic functions of ensuring supply and satisfying consumption, 24-hour convenience stores can also undertake more The responsibility of meeting consumers’ daily emergency needs can be further improved through policy support and guidance in the future to further improve the level of 24-hour convenience stores serving urban residents.

The person in charge said that compared with the mature markets for convenience stores in the world, there are only a few cities in my country where convenience store saturation is less than 2,500 people per store, reaching mature market standards. The saturation of convenience stores in most cities ranges from 3,000 to 9,000 people per store. There is still a lot of room for improvement before the mature market stage. Promoting the healthy and sustainable development of convenience stores requires more policy guidance and support. (Reporter: Wang Yuxiao)

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