Supermarket chains on recovery track as major players post uptick in sales

China's top 100 supermarket chains recorded sales of 900 billion yuan ($125.38 billion) in 2024, up 0.3 percent year-on-year, with the total number of stores reaching 25,200, according to the latest report by the China Chain Store and Franchise Association (CCFA).

China's supermarket sector is showing signs of recovery, with membership-based and discount formats emerging as key drivers of growth, the "2024 China Supermarket Top 100" report showed on Wednesday.

The annual report found that 42 companies reported year-on-year sales growth, while 25 expanded their store footprint. Notably, 14 companies managed to grow both their revenue as well as store numbers — a sign of resilience amid shifting consumer habits and cost pressures.