Chinese Retail Developing Rapidly
Home Textiles Today Staff -- Home Textiles Today, 8/2/2011 6:20:03 AM
Although China's retail industry is developing rapidly, it remains highly fragmented. The top 50 retailers in the country own only 5% of the market, according to a 2010 report from My Decker Capital, an investment banking and asset management company based in Beijing.
U.S Expor ts to China | ||||
2007 | 2008 | 2009 | 2010 | |
Floor coverings | $14.5 | $24.4 | $13.2 | $20.7 |
Curtains & Drapes | 1.10 | 1.18 | 1.32 | 2.07 |
Bedroom furnishings | 3.39 | 3.77 | 2.23 | 1.77 |
Bathroom furnishings | 0.11 | 0.03 | 0.08 | 0.30 |
SOURCE:U.S. OFFICE OF APPAREL AND TEXTILES | ||||
The biggest department store operator, DaShang Group, has only 170 stores. Other leaders in the industry have 20 to 30 stores. They include Parkson Retail Group, New World China, InTime and Golden Eagle.
Walmart operates about 200 units in 101 cities. Carrefour has 180.
Largest and Wealthiest Cities Population (mils) | |
Shanghai | 22.2 |
Beijing | 19.6 |
Chongquing | 15.3 |
Shenzhen | 14.0 |
Tianjin | 12.3 |
Dongguan | 6.4 |
Guanzhou | 6.0 |
Foshan | 5.9 |
Nanjing | 5.1 |
Hangzhou | 3.9 |
SOURCE:HTT RESEARCH | |
Young people constitute the dominant group in the retail markets, with a higher tendency for consumption and more aggressive consumption patterns.
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