China’s Top 100 Supermarket Chains and Retail Chains in 2023 Revealed

China’s Top 100 Supermarket Chains in 2023

The China Chain Store & Franchise Association recently announced its annual ranking of China’s top 100 supermarket chains for 2023. The total sales revenue of these top 100 supermarket chains in 2023 was 868 billion Chinese yuan ($119.5 billion), marking a 7.3% year-on-year decrease. The top 100 supermarket chains operated a total of 23,800 stores, a decline of 16.2% compared with last year’s list for 2022.

This year’s list featured 13 companies with sales exceeding 10 billion yuan ($1.38 billion), of which seven companies surpassed 50 billion yuan ($6.88 billion). Walmart China topped the list with sales of 120.22 billion yuan ($16.6 billion), followed by Yonghui Superstores and RT-Mart with sales of 85.55 billion yuan ($11.8 billion) and 77.21 billion yuan ($10.6 billion), respectively. China Resources Vanguard came fourth with sales of 62.53 billion yuan ($8.61 billion), while Freshippo overtook Wumart Group to secure the fifth spot with sales of 59.00 billion yuan ($8.12 billion). Among the top five companies, only Walmart China saw year-on-year sales growth, while the other four experienced declines.

From the perspective of single-store sales, Costco China, which ranked 26th on the list, operated only five stores but achieved total sales of 5.50 billion yuan ($757 million), resulting in an impressive average single-store sales figure of 1.10 billion yuan ($151 million). As a newcomer to the list, PDL Commerce and Trade Group, with 12 stores and sales of 4.60 billion yuan ($633 million), ranked 31st, with single-store sales averaging 383 million yuan ($52.7 million).

The list indicates significant growth in sales and store numbers for membership and discount stores in first- and second-tier cities. This growth is represented by companies such as Walmart China, Costco China, Beijing Yaodi Agricultural Technology Development Co. Ltd. (北京尧地农业科技发展有限公司), Shanghai Xinguo Technology Co. Ltd. (上海芯果科技有限公司), Aldi (China) Investment Co. Ltd. and Beijing Hitgoo Technology Co. Ltd. (北京优品酷卖科技有限公司).

Among the companies on the list, 44 experienced year-on-year sales growth, with 27 of them located in lower-tier cities. Additionally, 33 companies witnessed growth in their number of stores, while 20 companies maintained the same number and 47 companies saw a decrease.

According to the China Chain Store & Franchise Association’s top 100 supermarket chains ranking, the top 10 supermarket chains in China in 2023 are listed in the following table:

China’s Top 100 Retail Chains in 2023

One month ago, the China Chain Store & Franchise Association also released its 2023 ranking of China’s top 100 retail chains. The top 100 retail chains reportedly achieved total sales of 2.03 trillion yuan ($279.5 billion) and operated a combined total of 226,600 stores, representing year-on-year increases of 4.6% and 8.3%, respectively.

In 2023, Walmart China and Easyhome both surpassed 100 billion yuan ($13.8 billion) in sales, ranking first and second on the top 100 chain stores list with sales totaling 120.22 billion yuan ($16.6 billion) and 117.6 billion yuan ($16.2 billion), respectively. They were followed closely by Suning.com, former owner of Italian football club Inter Milan, as well as Yonghui Superstores and RT-Mart.

Among the top 100 retail chains were 46 comprehensive retail chains, 23 supermarket chains, 15 convenience store chains and 16 specialty store chains. Comprehensive retail chains and supermarket chains both faced significant growth pressures, with fewer than 30% achieving increases in both sales and store numbers. By contrast, convenience store chains and specialty store chains performed better, with two-thirds experiencing year-on-year growth in both sales and store numbers. Among the newcomers to the list, convenience store chains and specialty store chains accounted for over 97%.

According to the China Chain Store & Franchise Association’s top 100 retail chains ranking, the top 10 retail chains in China in 2023 are listed in the following table*:

*Note: No clear explanation was provided by the China Chain Store & Franchise Association as to why the values for Wumart Group differ between the two lists.

Image: Pixabay

This article was translated from Chinese. Read the original article.