Local supermarkets VS Foreign-owned supermarkets
Though supermarket chain Tesco is the third biggest retailer worldwide, its performance in China is not as good as expected. The latest news is that Tesco is combining its Chinese operations with those of China Resources Enterprise. On August 9th, Tesco and CRE said a proposed joint venture would be created to manage 2,986 stores […]
Market research: Foreign supermarkets in China
Three supermarket giants meeting in one city Tesco, Wal-Mart and Carrefour, the three behemoths of the global retail industry, have all opened supermarkets in Shenyang, the capital city of the Liaoning province in North-east China, making it one of only a small number of cities in the world where these three retailers compete with each […]