日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Costco cuts debut short after shoppers swamp store

By SHI JING | China Daily | Updated: 2019-08-28 03:13
Share
Share - WeChat
Shoppers flock to Costco Shanghai, the first Costco outlet on the Chinese mainland, on the store's opening day on Tuesday. HECTOR RETAMAL / AFP

The world's second-largest retailer, Costco Wholesale Corp, got an exceptionally warm welcome from consumers when its first brick-and-mortar store on the Chinese mainland opened in Shanghai on Tuesday.

Despite the store's location in suburban Shanghai, with no close public transportation, consumers in Shanghai and from neighboring cities flooded in before its 9 am opening hour. At 1 pm, the store put up a notice saying it had suspended sales due to the heavy crowds.

Costco did not disclose the number of consumers who visited its store on Tuesday.

Jason Yu, general manager of market consultancy Kantar Worldpanel China, said the quality and good prices of Costco's food products are a major attraction to Chinese consumers, as the demand for such products has grown. The retailer could bolster its fresh food offerings to increase their customer retention rate here, Yu said.

"As Chinese consumers put more stress on healthy products and higher living standards, the retail industry's growth has remained robust in China and the momentum will continue," he said.

Wang Caidi, 57-year-old retiree in Shanghai, left the store with avocados, cheese, milk and a pizza. She said quality foods enticed her to travel the 40 kilometers to the store.

"The products are of good value. I may come here one month later when it is less crowded," she said.

Membership at Costco Shanghai has been available since July 1, with an annual membership card priced at 299 yuan ($42). The company put its Chinese membership at over 120,000.

The store, with a shopping area of 14,000 square meters, is located in suburban Minhang district, nearly 30 km from the city's center.

Richard Zhang, Costco's senior vice-president for Asia, said on Aug 20 that the location was influenced by the presence of seven international schools in the area, indicating a large group of middle class consumers who are Costco's targets.

He also said that the market has matured sufficiently for Chinese consumers to be "ready to pay for a membership card". Little effort was spent on educating the market about membership.

Costco is the world's largest membership-only retailer. Walmart, the world's largest retailer, has opened 26 membership-based Sam's Club stores in China. The latest opened in June in northern Shanghai, only 10 km from the Costco outlet.

While membership-based hypermarkets have been successful, other overseas retailers have mostly received a cold shoulder from Chinese consumers.

On Monday, the State Administration for Market Regulation gave the green light to Suning.com to acquire an 80 percent stake in French supermarket giant Carrefour's China business.

In March, German retailer Metro was reported to be selling its Chinese business, with Tencent and Alibaba appearing on the potential buyers list.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 91精品电影 | 欧美性色生活片免费播放 | 欧美日韩一区二区在线视频播放 | 美女污视频网站 | 全免一级毛片 | 国产亚洲欧美另类第一页 | 免费福利视频在线观看 | 两性视频在线 | 国产99久久久久久免费看 | 影音先锋中文字幕一区 | 日韩在线激情 | 色老师影院 | 日本男人天堂 | 日本熟妇无码波多野1223 | 国产精品久久久久久久久免费 | 欧美激情综合色综合啪啪五月 | 一级成人生活片免费看 | 国产欧美精品午夜在线播放 | 一级毛片 在线播放 | 久草国产电影 | 欧美国产在线观看 | 王的女人印度剧电视剧免费观看32集 | 九月激情网 | 成人18网站 | 日本一区二区三区免费高清在线 | 青青久久久国产线免观 | 久久天天躁狠狠躁夜夜躁2014 | 99在线国产 | 草草影院地址 | 日穴视频在线观看 | 综合色久| 国产精品久久 | 亚洲精品久久午夜无码一区二区 | 精品国产一区二区三区免费 | 婷婷国产成人久久精品激情 | 国产午夜三级一区二区三桃花影视 | 国产一级淫 | 国产精品久久久久久久一区探花 | 久久久无码精品成人A片小说 | 红杏网站永久免费视频入口 | 欧美性网 |