Consumer & Retail

Consumer & retail
 
China's retail sector has undergone rapid growth as Chinese consumers have seen a rapid rise in their dispoable incomes. Despite this a lack of health insurance and social security benefits have led to high levels of savings and have constrained the growth of consumption in China. Despite these constraints both multi-nationals as well as domestic retailers have made huge investments in china's retail sector given high growth rate of retail sales over the last 10 years.


In 2012:

- Consumer prices (CPI) were up 2.6%, with food prices up 4.8% from 2011.

- Total retail sales grew 14.3% to RMB20.72 trillion.

- Urban retail sales were up 14.3% to RMB17.93 trillion and rural retail sales up 14.5% to RMB2.78 trillion.

- Restaurant receipts grew 13.6% to RMB2.33 trillion.

- Retail spending on food, beverages and alcohols was up 17.9% to RMB1.24 billion.

- Retail spending on clothing, shoes and caps was up 18% to RMB977.8 billion.

- Retail spending on cosmetics was up 17% to RMB134 billion.

- Retail spending on jewelry was up 16% to RMB220.9 billion.

- Retail spending on fast moving consumer goods was up 17.5% to RMB336.4 billion.

- Retail spending on sports and entertainment was up 10.5% to RMB41.1 billion.

- Retail spending on household appliances was up 7.2% to RMB593.6 billion.

- Retail spending on medicines was up 23% to RMB481.4 billion.

- Retail spending on stationery was up 17.7% to RMB218.3 billion.

- Retail spending on furniture was up 27% to RMB160.4 billion.

- Retail spending on telecommunications devices was up 28.9% to RMB154 billion.

- Retail spending on petroleum was up 16.9% to RMB1.67 trillion.

- Retail spending on vehicles was up 7.3% to RMB2.38 trillion.

- Retail spending on building materials was up 24.6% to RMB197.8 billion.

Revenue of China's 100 largest chain operators rose 10.8% to RMB1.87 trillion in 2012, according to the China Chain Store & Franchise Association. The top 100's revenue accounted for 9.3% of total retail sales last year, down from 11% in 2011. The number of stores of the top 100 grew 8% to 94,000 as of the end of 2012. Chain operators include consumer electronics chains, hypermarket and supermarket chains, convenience store chains, department store chains, restaurant chains, etc. Some chain operators may operate several of these chains.

Top 10 Chain Operators by Revenue and Number of Stores as of 2012 End
1. Suning Commerce (SHE: 002024): RMB124 billion, +12.7% / 1,705, -1.1%
2. Bailian Group: RMB122.1 billion, +3.3% / 5,147, -8.2%
3. Gome (HKG: 0493): RMB117.4 billion, +6.8% / 1,685, -3%
4. CR Vanguard: RMB94.1 billion, +13.8% / 4,423, +11.2%
5. Sun Art Retail (HKG: 6808): RMB72.5 billion, +17.7% / 219, +18.4%
6. Walmart (NYSE: WMT): RMB58 billion, +3.6% / 395, +6.8%
7. Chongqing General Trading Group: RMB54.5 billion, +14% / 327, +0.6%
8. Yum Brands (NYSE: YUM): 52.2 billion, +30.5% / 5,200, +16.9%
9. Shandong Commerce Group: RMB49.3 billion, +21.4% / 526, +26.7%
10. Carrefour: RMB45.3 billion, +0.2% / 218, +7.4%

Top 10 Foreign Chain Operators
Revenue, Growth % / Number of Stores as of 2012 End, Growth %
1. Sun Art Retail (HKG: 6808): RMB72.5 billion, +17.7% / 219, +18.4%
2. Walmart (NYSE: WMT): RMB58 billion, +3.6% / 395, +6.8%
3. Yum Brands (NYSE: YUM): 52.2 billion, +30.5% / 5,200, +16.9%
4. Carrefour: RMB45.3 billion, +0.2% / 218, +7.4%
5. Fivestar (owned by Best Buy, NYSE: BBY): RMB24.2 billion, -12% / 252, -9.7%
6. Tesco: RMB20 billion, +11.1% / 111, +8.1%
7. Parkson Retail (HKG: 3368): RMB19.7 billion, +20.1% / 48, +4.3%
8. Metro: RMB17.9 billion, +29.7% / 64, +18.5%
9. Lotte Mart: RMB16.3 billion, +6.7% / 99, +8.8%
10. Auchan: RMB16.3 billion, +28.4% / 54, +20%

Top 10 Hypermarket & Supermarket Operators
Revenue, Growth % / Number of Stores as of 2012 End, Growth %
1. CR Vanguard: RMB94.1 billion, +13.8% / 4,423, +11.2%
2. Sun Art Retail (HKG: 6808): RMB72.5 billion, +17.7% / 219, +18.4%
3. Lianhua Supermarket (owned by Bailian, HKG: 0980): RMB65.7, -3.4% / 4,762, -8.8%
4. Walmart (NYSE: WMT): RMB58 billion, +3.6% / 395, +6.8%
5. Carrefour: RMB45.3 billion, +0.2% / 218, +7.4%
6. NGS Group: RMB30.3 billion, +0.2% / 2,734, -19%
7. Yonghui Superstores (SHA: 601933): RMB27.9 billion, +37% / 249, +22.1%
8. Tesco: RMB20 billion, +11.1% / 111, +8.1%
9. Jia Jia Yue: RMB18.2 billion, +12% / 595, +3.8%
10. A.Best: RMB18 billion, +2.7% / 116, +0%

Top 10 Department Store Operators
Revenue, Growth % / Number of Stores as of 2012 End, Growth %
1. Shanghai Friendship: RMB57 billion, +3.6% / 49, +14%
2. Dashang Co (SHA: 600694): RMB37.3 billion, +4.7% / 170, +0%
3. Chongqing Dept Store (SHA: 600729): RMB33.3 billion, +11.5% / 286, 5.5%
4. Yinzuo Group: RMB32 billion, +16.3% / 104, +15.6%
5. Changchun Ouya: RMB24.1 billion, +21.3% / 58, +16%
6. Wangfujing (SHA: 600859): RMB21.6 billion, +7.4% / 28, +12%
7. Rainbow Dept Store (SHE: 002419): RMB20.4 billion, +7.5% / 59, +15.7%
8. Parkson Retail (HKG: 3368): RMB19.7 billion, +20.1% / 48, +4.3%
9. Wenfeng Great World Chain: RMB19.5 billion, +0.8% / 995, +0.5%
10. Golden Eagle Retail (HKG: 3308): RMB18.7 billion, +13.6% / 28, +7.7%

Top 10 Convenience Store Operators
Brand / Owned by / Number of Stores by 2012 End
1. Easy Joy / Sinopec (NYSE: SNP, HKG: 0386, SHA: 600028) / 20,891
2. uSmile / PetroChina (NYSE: PTR, HKG: 0857, SHA: 601857) / 13,000
3. Mei Yi Jia / Dongguan Sugar & Liquor Group / 4,650
4. Gong Xiao Bian Li / Zhejiang Gongxiao Co / 2,115
5. Quik / Shanghai Liuhua Quik Co / 2,031
6. Kedi, alldays / NGS Group / 1,780
7. 7-Eleven / 7-Eleven / 1,732
8. Suguo / SGCS / 1,694
9. Shang Hao / Guangdong Shang Hao / 1,559
10. Hong Qi Lian Suo / Chengdu Hong Qi Lian Suo / 1,336

Consumer & Retail Market Research and Data

C-M-O-D-O AUTHENTIC SITE PayPal
@2017 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate