We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Foreign Retailers Finding China A Hard Market To Crack, Report Shows

April 29, 2015: 12:00 AM EST
Foreign supermarket and hypermarket chains are struggling to cope with rapid changes in China's retail market, according to industry analysts. Still dealing with the effects of food safety scandals, Walmart said it plans to stop sales declines by increasing the number of its stores by more than 25 percent, upgrading existing stores, and launching a new online shopping app. Tesco's real estate venture failed, prompting the UK retailer to enter into a joint venture with local retail giant China Resources Enterprise. Local retailers also experienced negative growth since 2010, according to consulting firm OC&C, with competition from online retailers often cited as one of the biggest threats to brick-and-mortar operators.
Patti Waldmeir and Jamil Anderlini , "Foreign grocers struggle in fast-moving China retail market", Financial Times, April 29, 2015, © The Financial Times Limited
Market News
Companies, Organizations
Market News
Marketing & Advertising
Developed by Yuri Ingultsov Software Lab.