What strategies for international grocers in Asia?

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18 March 2020 à 15h57

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3 minutes

Publication: 18 March 2020 à 15h57

Reading time: 3 minutes

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Publication

18 March 2020 à 15h57

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3 minutes

Publication: 18 March 2020 à 15h57

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Within a troubled health landscape in Asia, food retailers adopt very distinct strategies depending on their format. Costco, the U.S. cash & carry giant (sales of US$149.3 billion in 2019, up by 7.9%) pursues Chinese ambitions. A first store opening in the Minhang’s district of Shanghai in August 2019 recorded an average of 16,000 visitors per day last year. The firm has now completed acquisition of a second plot of 47,320 sq.m in the Kangqiao industrial zone (in Pudong, Shanghai). This US$128

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