Convenience stores see numbers surge

The convenience store sector in China recorded higher revenues and continued store number expansions in 2024, while making efforts to continue to optimize product category structures, according to an industry survey.

The survey, the Development of Convenience Stores in 2024 — released on Jan 21 by the China Chain Store and Franchise Association — covered 60 convenience store chains nationwide, representing about 124,000 stores.

Sales growth in the sector was seen by 70 percent of surveyed enterprises, versus 81.4 percent in 2023 and 64.1 percent in 2022.