Walmart in China: How the world’s largest retailer is trying to win local consumers back?
Founded in the US by Sam Walton in 1962, Walmart has now grown to be the largest retailer in the world with over 10,500 stores across 19 countries. The brand’s story with the Chinese market started in 1996 with Walmart’s first location in Shenzhen. Walmart became one of the earliest foreign companies that set foot in the […]
Traditional retailers grapple with the rise of premium supermarkets in China
Chinese supermarkets are undergoing a shift towards providing premium shopping experiences. Formerly recognized for affordability and practicality, they now prioritize elevated customer interactions. This includes a careful curation of products to cater to the preferences of affluent Chinese consumers, offering a diverse selection of imported goods and specialty products tailored to local tastes. Download our […]
Costco’s winning formula in China: premium brands, affordability, and exclusivity
Costco is experiencing considerable success in the Chinese market. The US wholesaler officially entered the Chinese market in August 2019, when its first physical store opened in Shanghai. The opening weekend marked a hive of activity – there were three-hour waits for parking spaces and thirty-minute queues at the checkouts. It caused local authorities to shut the […]
ALDI opened its first two stores in Shanghai: highlight of China’s grocery retail market | Daxue Consulting
On 7 June, German discount retailer ALDI opened its first two pilot grocery stores in China. The Shanghai debut has caused huge responses among consumers, both online and offline. In order to have a sight of the first brick-and-mortar ALDI store in China, hundreds of Chinese people were waiting outside of the stores before the […]
Food Retail Industry in China: How E-Retailing is changing food and grocery market in China
To know more about the Food Retail Industry in China, contact us at dx@daxueconsulting.com Digitalization of the Chinese retail industry The food retail industry in China has been experiencing steady growth in the last couple of years. With factors such as a rising population and an increase of middle-class purchasing power, the growth of the […]
Hypermarket & Supermarket Industry in China: Following the Digital Era
How does Supermarkets and Hypermarkets in China Survive in the Digital Era? Since Alibaba’s sales miracles and rapid expansion, all the market players tend to be associated with The Internet in a digital era, including supermarkets. Only when supermarkets and hypermarkets come up with adapted business pattern can they survive in the fierce competition in […]