Convenience Store Industry Trends in 2023

Mar 31 , 2023

According to research data from the China Chain Store and Franchise Association, on the one hand, the number of convenience store chains across the country has passed the threshold of 200,000. By the end of June 2022, the number of convenience store stores in mainland China will reach about 270,000.

On the other hand, according to the Association’s survey of 65 chain convenience store companies across the country in early 2023 (involving 152,964 stores and an overview of the development of convenience store formats in 2022), 67.2% of the sample convenience store companies in 2022 saw a year-on-year decline in the number of visitors, and new openings There were 13,255 stores and 4,405 closed stores.

Judging from the data of TOP100 convenience stores, there are actually several newly developed convenience stores that can exceed the threshold of 1,000 stores. However, with the cooling of capital, the outside world has paid much less attention to the convenience store industry.

With the end of the epidemic, snack shops are gradually rising. Although there are overlapping customer groups, it is also a good development trend. In 2023, the entire convenience store industry will usher in a healthier and more stable development. 

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