Spending on FMCG grows 2.9%

Advanced Search

The story appears on

Page A10

February 17, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Spending on FMCG grows 2.9%

By Ding Yining | February 17, 2017, Friday |

Print Edition

CHINA’S expenditure on fast moving consumer goods in 2016 grew 2.9 percent, marking the slowest growth in the last decade and also a further slowdown from a 3.5 percent growth a year ago, consumer research firm Kantar Worldpanel said in a report yesterday.

Traditional retail channels, including hypermarkets, supermarkets and convenience stores, grew a combined 0.7 percent as they felt the squeeze from an slowing economy and a rapidly growing e-commerce sector.

Local retailers such as Sun Art Group, which operates the Auchan and RT-Mart brands, boasted a 7.8 percent market share. Vanguard Group was next with 6.4 percent.

Wal-Mart saw its market share edge up to 4.9 percent from 4.8 percent a year ago as it focused more on China’s hinterland and adopted a more aggressive online-to-offline strategy.

Yonghui remained the fastest growing player in 2016, rising 0.6 percentage points to 2.8 percent.

Consumer

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Spending on FMCG grows 2.9%

Email this to your friend