According to a Chinese retailer power ranking report released by Kantar Retail, a global retail insight and consulting business, China retail market has been growing rapidly attributes to the booming economy and the increasing demand for consumption goods.
Based on the power ranking of retailer in 2013, Wal-Mart was still the leader, followed by growing RT-Mart. They were both regarded to have clear strategy and deep understanding of consumers. Domestic retailers had a solid performance in 2013, CRE ranked the 3rd, representing manufacturers’ approval of its consumer-centered business method and willingness of mutual growth. Yonghui’s main advantage is a good understanding of local markets, which made it the top 7 this year. At the same time, 7-Eleven dropped out of top 10.
The power of RT-Mart was increasing day by day, coming up with Wal-Mart. Among these retailers with considerable profit, RT-Mart’s performance was excellent. RT-Mart was highly praised for its branding and clear strategy, but Wal-Mart stayed ahead with its rank of business fundamentals rising.
Chinese retailers, CRE and Yonghui were doing fine in 2013. CRE was busy opening new stores, doing acquisition and expanding last year (2012), and kept going this year (2013). Yonghui became one of the top 10 retailers from a regional star.
Moreover, following retailers were on the list for their excellence in innovation, professional team and offering shopping experience that improved consumer loyalty.
According to report, some manufacturers commented that JD.com (Jingdong) was the most creative e-commerce platform with professional team and management. Zhongbai Group owned high loyalty of consumers, and Zhongbai was always ready to cooperate with manufacturers.