my country’s foreign-owned supermarkets include Trust-Mart, Wal-Mart, Carrefour, Tesco, Metro, Lotus, Century Lianhua, and Auchan.
Since Carrefour opened its first foreign brand supermarket store in Beijing at the end of 1995, foreign supermarkets and convenience stores have a history of 23 years in China.
In 2017, Walmart opened 31 new stores in China, including 27 hypermarkets and 4 Sam’s Club stores, bringing the total number of Walmart stores in China to 441. In 2017, Walmart China's turnover reached 80.278 billion yuan, ranking third in China, second only to China Resources Vanguard and RT-Mart.
Walmart purchased a 35% stake in Trust-Mart for US$264 million, and also provided a loan of US$376 million to other shareholders in exchange for another 30% of the voting rights, effectively controlling Trust-Mart's operations. Later, Trust-Mart was acquired by Wal-Mart, and then the storefront was changed to Wal-Mart's sign.
In 1995, Carrefour from France was the first to enter China. In the early days, due to policy restrictions, Carrefour's development in China was not fast. By the end of 2001, China officially joined the WTO and promised to liberalize the domestic retail market within three years. In 2004, China abolished geographical, equity, and quantitative restrictions on foreign investment in the retail sector through laws and regulations, and the retail market was fully opened to the outside world.
In 2017, it had 321 stores in China with a turnover of 47.995 billion yuan. In recent years, Carrefour has been in poor operating condition in China. It first lost to Wal-Mart, then to Yonghui Supermarket, and finally had to sell part of its shares. On January 23, 2018, Carrefour announced that it would transfer part of its equity to Tencent and Yonghui Supermarket.
Metro from Germany had 92 stores in 2017, with a turnover of 21.30 billion yuan, and the average turnover of a single store was 231.5 million yuan.
Metro came to China in 1995 and cooperated with the famous Jinjiang Group in China to establish Jinjiang Metro Cash & Carry Co., Ltd., which was the first company to obtain approval from the Chinese central government to establish chain stores in many major cities in China. Shopping mall joint venture. Unlike ordinary supermarkets, Metro is a membership-only warehouse supermarket. You must have a membership card to shop, but applying for a membership card is free.
Auchan, from France, had 77 stores in China in 2017, with sales reaching 15.697 billion yuan. In 2018, Auchan Group ranked 156th among the Fortune 500, with a turnover of US$60.0276 billion and a net profit of US$310 million. Auchan entered China in 1999 and merged with RT-Mart in 2001 to form Sun Art Retail.
Charlotte Lotus from Thailand has 95 stores in China in 2017, with sales reaching 12.70 billion yuan. On June 23, 1997, CP Lotus's first hypermarket opened on Yanggao South Road, Pudong, Shanghai. Over the next 20 years in China, this supermarket did not develop smoothly and fell into a loss-making situation for a long time.
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In addition, there is Lotte Supermarket from South Korea. Due to the impact of the THAAD incident, it has basically withdrawn from China by 2018. Another company that entered China and then exited was Makro. Although this company has lost its glory, its name still affects today. Many supermarkets take the trouble to name clones, such as Jingkelong, Chongkelong, Shunkelong, etc. .
E-Mart from South Korea, Parkson Department Store of Malaysia, Ito-Yokado of Japan, Tesco of the United Kingdom and Marks & Spencer of the United Kingdom have also withdrawn from the Chinese market because they were not accustomed to the local environment.