Convenience Store grows fastest in Retail Industrial

The Ministry of Commerce recently released the "China Retail Industry Development Report (2018/2019)", which comprehensively summarized the development of China's retail industry in 2018. By the end of 2018, China's retail business units had 20.8 million, an increase of 7.8% year-on-year, and the growth rate was 0.9 percentage points higher than the previous year.

According to the "Report", China's retail sales of goods reached 33.8 trillion yuan in 2018, an increase of 8.9% year-on-year. The scale of industry development maintained steady growth, and the efficiency of key enterprises, especially listed companies, improved.

The pace of physical retail transformation and upgrading has accelerated. In terms of business, sales of convenience stores increased by 8.3% year-on-year in 2018. It is at the top of the retail format, and the department store industry continues to pick up. The malls with integrated functions are gaining momentum and become an important driving force for the growth of physical retail enterprises. The "Report" pointed out that the reform and development of the retail industry still faces some problems and difficulties, operating costs continue to rise, labor, rent, financing costs are high, transformation and upgrading, technology iterations have high equipment transformation costs and technical difficulties, old commercial facilities There are certain restrictions on the development of retail enterprises, and the regulatory mechanisms such as Internet integrity issues brought about by online and offline retail development are still to be improved, and the training of retail professionals needs to be strengthened.

It is predicted that in 2019, the retail industry will continue to maintain a stable and healthy development trend, the supply of goods and services will be more high-quality, the convenience of commercial facilities will be improved, the convenience of consumption will continue to improve, and the high-quality development level of the retail industry will be further enhanced.

So there is a growing need of POP/POS Display Products.

Please contact Ivy Yang for more detailed information about POP/POS Display Products.

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