Round Table China C-stores still expanding, despite slowdown
10 snips
Feb 10, 2025 Convenience stores in China are expanding, yet some owners are reassessing their plans as 2025 approaches. A survey reveals both growth opportunities and hurdles, influenced by regional climates and shifting consumer behaviors. The evolution of these stores includes offering competitive dining options and incorporating fresh, localized foods to fend off online delivery competition. Meanwhile, a motivational segment highlights the importance of self-compassion and reflection, promoting personal growth and a positive mindset.
AI Snips
Chapters
Transcript
Episode notes
Convenience Store Growth Slowdown
- Despite growth in 2024, 67% of Chinese convenience store enterprises plan to expand in 2025.
- This represents a decline from previous years, possibly indicating industry challenges.
2024 Convenience Store Survey Results
- A 2024 survey by the China Chain Store and Franchise Association showed higher revenues and more store openings.
- However, only 67% of surveyed enterprises plan on expansion in 2025, the lowest in three years.
Challenges for Convenience Stores
- Convenience stores face challenges like intensified competition, decreased customer flow (seasonal), and rising costs.
- Changing consumer habits and the rise of online delivery services also contribute.