In view of the wholesale store boom in China . We take a look at how Costco has performed in the country since its high-profile market entry in 2019. First year sales reached CNY2 bn (US$310m) Costco opened its first China store in Shanghai in 2019. That store achieved sales revenue of CNY2 bn (US$310m) in the first year. Because of COVID-19 restrictions (e.g. social distancing and contr...

Details on the performance of Tesco’s wholesale subsidiary, Booker, in its H1 results (six months to 28 August) show how the continuing influence of the pandemic episode is still affecting outcomes for food wholesaling across the two key customer channels, namely independent retailing and foodservice. As expected – foodservice the key contributor to wholesale growth In contrast to 2020 it’s s...

With a total area of 70,000 sq m (comparable to 10 football fields), the world’s largest and China’s first Sam’s Club flagship store has opened in Waigaoqiao Bonded Zone, Pudong New Area, Shanghai on 26 September. A shopping and entertainment destination The outlet includes a Sam's store, as well as catering, entertainment, and education. " It is not just another shopping outlet, but combin...