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Retail market sees mixed trading
10/1/2006 17:31

Wendy Zhang/ Shanghai Daily news

Foreign companies are proving competitive among the city's hypermarkets, while domestic ones are stronger in the areas of standard supermarkets and convenience stores, today's eastday.com reported.
Shanghai's nine foreign hypermarkets, namely Carrefour, Metro, Wal-Mart, Auchan, Lotus, E-Mart, RT-Mart, Hoyodo and Hymall, with 67 chain outlets serving 53 percent of the city, recorded combined sales of 16.3 billion yuan (US$2 billion) last year, 76 percent of the sectors total of 21.4 billion yuan.
Domestic companies monopolized the standard supermarket sector, with ten domestic companies, such as Lianhua, Hualian, Jiadeli and Nonggongshang, registering combined sales of 67.9 billion yuan last year. Their foreign counterparts, Tops and Watson being the only two in the city, recorded combined sales of only 630 million yuan last year. Domestic companies also won-out in the convenience store sector, with eight domestic companies registering total sales of 9.3 billion yuan last year, while the three foreign peers Lawson, C-Store and Family Mart recorded combined sales of only 630 million yuan, 6.8 percent of the total.