Delhi, India (PressExposure) May 16, 2009 -- Chinaâs c-store market is continually developing at a fast pace despite the ongoing recession. Our research states that several new c-store chains are evolving outside Beijing, Guangzhou and Shanghai, with c-store retailers seeking to spread out to the second- and third-tier Chinese cities.
Moreover, there is intense consolidation in the Chinese market as larger retailers are kicking the smaller players out of the market. On the other hand, many c-store chains in the main cities are currently struggling to run their business profitably due to the higher concentration of c-stores in these cities, which is giving rise to cut-throat competition.
We found that the c-store has been one of the most dynamically developing sectors, yet it is the one with the farthest distance to go. The industry remains overwhelmingly concentrated in Shanghai, which hosts nearly half the c-stores in the country, and Guangdong Province. The industry continues to be dominated by the domestic state-owned retailers; Quik, Kedi and Alldays being the prominent.
Japanâs retail giants including AEON, 7-11, FamilyMart and Lawson are also looking to increase their investments in China to grab higher share in the Chinese retail chain store market. We think these stores will focus more on Chinese market as compared to other international markets in coming years in order to counter the slowdown in domestic market. China offers them immense opportunity as compared to other retail market across the globe, which are struggling to cope up aftermath of 2008 financial crunch.
"Asian Convenience Store Market Forecast to 2010" comprehensively discusses the convenience store market in Asia and highlights new technologies being integrated into the market at a fast pace. It also gives a brief overview of the key market trends alongwith the sales trends to help clients understand the prospects of convenience store retailing in Asia. The report gives a detailed account of future growth areas that enable clients to design their business strategies as per the changing market dynamics in the region.
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