Consumer
China’s Mega-Grocers Turn to an Upstart to Win Back Shoppers
- Cult hit Pangdonglai advises some of country’s biggest brands
- No. 2-in-market Yonghui revamping stores in tiny chain’s image
Photographer: Colum Murphy/Bloomberg
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China’s biggest supermarkets are struggling to survive.
France’s Carrefour SA has shut more than 140 mainland stores, leaving just four remaining outlets, and the UK’s Tesco PLC has exited entirely. Traffic-driving membership chain Sam’s Club is a bright light for Walmart Inc., which has had to rethink its China strategy. Last year, four out of five of China’s leading hypermarkets saw up to double-digit sales declines.