Business Intelligence on Retailing, Franchising, and Consumerism in China

Retail Sales Of China's Top 100 Chain Stores Exceed CNY1 Trillion

According to the China Chain Store Annual Report 2007 released by the China Chain Store & Franchise Association, retail sales of China's top 100 chain stores exceed CNY1 trillion in 2007.

The report shows that the total sales of these chain stores were CNY1.0022 trillion, a year-on-year increase of 21%. The number of stores operated by the top 100 chain store companies was 105,191, a year-on-year increase of 58%.

The report also shows that the average store area of large-scale supermarkets was about 9,500 square meters and the average annual revenue of these stores was CNY225 million, an increase of 8.17%. The average store area of all the supermarkets surveyed was 2,900 square meters and the average annual revenue was CNY71.69 million, an increase of 4.6%. For department stores, average sales increased by 14% and the business area increased by 3%.

For convenience stores, the average daily sales was CNY9,500.

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