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.