Home›Forums›General Discussion›Where Are All the Convenience Stores Going?›Reply To: Where Are All the Convenience Stores Going?
November 12, 2014 at 2:28 pm #43226
The 7/11 tactic for new cities is to swamp the market to try to kill off local competition like Wowo and Hongqi then after a year or two review their strategy. They open their own company stores and franchise stores. The company stores are closings and most of the franchise stores are staying open in the most profitable locations. Regards to Honqi I think they are still going strong as they are a local Chengdu brand.