Can discount retail prosper in China?

Publication

16 June 2017 à 11h23

Updated on 10 May 2019 à 17h44

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1 minute

Publication: 16 June 2017 à 11h23, Updated on 10 May 2019 à 17h44

Reading time: 1 minute

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Publication

16 June 2017 à 11h23

Updated on 10 May 2019 à 17h44

Reading time

1 minute

Publication: 16 June 2017 à 11h23, Updated on 10 May 2019 à 17h44

Reading time: 1 minute

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After 20 years of Chinese operations, the South Korean Shinsegaeclosed the E-mart discount supermarkets in May. E-Mart grew to 27 units in 2010 but shrank to 7 units in 2016. Business suffered from high rents, unfavourable locations and political instability. Shinsegae has been affected by a rising anti-Korean sentiment regarding suspected support for a U.S. missile defence system in Korea. Within the low-price segment, in April Aldi announced they were selling on the Chinese Tmall Global...

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