With urbanisation and consumption growth, Chinese consumers are buying all kinds of products at neighborhood convenience stores in China, including fast food, ready-to-eat meals, snacks or cold and hot drinks. The profitability of the stores can’t keep up with the increased demand. According to experts, this is why August saw the shutdown of the 80 Linjia stores.
According to retail industry experts, daily sales revenue of a convenience store needs to reach between 5,000 yuan (US$735) to 6,000
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