The convenience store sector in China recorded higher revenues and continued store number expansions in 2024, while making efforts to continue to optimise product category structures, according to an industry survey.
The survey, the Development of Convenience Stores in 2024 – released on Jan 21 by the China Chain Store and Franchise Association – covered 60 convenience store chains nationwide, representing about 124,000 stores.
Sales growth in the sector was seen by 70% of surveyed enterprises, versus 81.4% in 2023 and 64.1% in 2022. Expansion remained a key trend, with 80% of operators opening new locations last year.
A total of 14,550 new stores were launched, with larger operators driving growth. Chains with over 1,000 stores accounted for 8,510 of the 9,570 new stores, representing 89% of the total increase.
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