Sales of FMCG surge 4.3%

02/07/18

Permalink 04:25:10 pm, by dacare, 168 words, 194 views   English (US)
Categories: News of China

Sales of FMCG surge 4.3%

China's sales of fast moving consumer goods, such as packaged food, beverage and cosmetics, recorded the highest annual growth in three years in 2017 at 4.3 percent, with online sales volume rising 29 percent, according to Kantar Worldpanel.

Retailers are adopting new methods to catch up with the digital transformation, with the combined sales volume of hypermarket, supermarket and convenience stores rising 2.6 percent, from 1.6 percent growth a year ago.

Most multinational and local retailers have strengthened their foothold with new store openings or business formats through tie-ins with Internet companies.

Sun Art Retail Group, which runs Auchan and RT Mart malls, remains the biggest player by sales, lifting its market share to 8.4 percent from 8.1 percent a year ago.

Yonghui recorded the fastest growth with new formats such as Super Species and community stores. It overtook Carrefour as the fourth largest retailer, with a market share of 3.3 percent.

About 60 percent of Chinese families have purchased fast moving consumer goods online, and in Beijing, Shanghai, Guangzhou and Chengdu, that figure is nearly 70 percent.

Sponsor Link: The leading executive search firm in China

Pingbacks:

No Pingbacks for this post yet...

China Job Links:

China Recruitment Agency
Leading executive search firm in China
1000+ executive search cases

China Payroll & Benefits Services
Payroll & Benefits local Chinese hire
Setup your operation fast and cheap
China Job Openings - LinkedIn
Join #1 LinkedIn China Career Group
Find more Chinese jobs and talent

 

Misc

XML Feeds

What is RSS?

Who's Online?

  • Guest Users: 9

powered by b2evolution free blog software