Supermarket’s young Customized Houston Texans Jersey at heart

Chaoshifa and Lawson link up to launch 24-hour convenience stores aimed at Millennials

Retail veteran Chaoshifa Market has been given a new lease of life.

The Beijing-based supermarket chain caters for middle-aged and senior citizen Customized Houston Texans Jersey customers, and has been operating in local communities since 1997.

But this month the group opened three, small outlets in Beijing with the Japanese convenience store franchise, Lawson China Holdings Inc, in a bid to attract Millennial shoppers and white collar workers.

“Young consumers have grown into the habit of shopping at convenience stores,Customized Indianapolis Colts Jersey  pushing the fast development of such formats,” said Li Yanchuan, chairman of Chaoshifa.

With 7,000 employees and more than 100 supermarkets, the group is ranked in China’s top 500 chain-store enterprises and has a wealth of retail experience.

Last month, Chaoshifa and Lawson signed a cooperation agreement, with the Beijing group supplying the outlets and the Japanese company operating them.

The plan is to have 10 24-hour convenience stores in place by the end of 2017. After that, they aim to open another 10 outlets each year. Fast food such as sushi, sandwiches, salads and coffee will be on sale along with 2,000 products.

“The convenience store sector in Beijing still has great potential and is far from reaching saturation point compared to Shanghai,” Li said.

Indeed, the decision by Chaoshifa to enter this part of the retail business shows the popularity of small, 24-hour shops in major Chinese cities.

Last year, the sector increased by 13 percent to 130 billion yuan ($19.5 billion) Customized Green Bay Packers Jersey compared with the same period in 2015,
Women’s Nike Custom Made Green Bay Packers Elite Team Color NFL Football Jersey Sale a report by the China Chain Store & Franchise Association highlighted.

Revenue also jumped and store numbers expanded.

“First- and second-tier cities are the driving force behind the expansion of the smaller retail format and the sector has a great potential to develop,” the 2017 China Convenience Store report stated.

At the last count, there were more than 260 convenience brands in the country. Last year, the overall numbers climbed 9 percent to 98,000 outlets year-on-year.

On average, daily revenue increased by 4 percent to 3,714 yuan per store during
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Store rents have gone up by 7 percent on average while staff wages have grown Custom Colts Jersey 6.5 percent, the report showed.

Water and electricity costs edged 0.7 percent higher, forcing retailers to improve management efficiency.

Only 10 percent of the food products stocked by half of the convenience store operators surveyed was fresh, the report showed. In Japan, the proportion was between 30 and 40 percent.

“About 85 percent of the convenience stores have merchandise with their own brands, but the average ratio between self-owned products and other brands is only 8 percent,” the report stated.

Other key factors from the survey showed that nearly 30 percent of the retailers polled have yet to develop a franchise model. But up to 45 percent have adopted
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Still, convenience stores face a myriad of challenges.

“They need to lift up their revenue by expanding their services, such as copy printing or ticket bookings as rents and labors costs eat into their profits,” Jason Yu, general manager of Kantar Worldpanel China.

“High gross profit products, such as fresh food, will not be enough to improve the efficiency of convenience stores.”

COFCO unit partners Customized Denver Broncos Jersey with US-based co-op

China National Cereals, Oils and Foodstuffs Corp - the country’s biggest food trader by sales revenue, on Monday confirmed that COFCO International Ltd, one of its subsidiaries, has formed a grain supply partnership with the
Customized Denver Broncos Jersey Illinois-based farm cooperative Growmark Inc.

The deal was sealed at Bloomington, Illinois on Aug 15. As part of the deal, they will jointly own and operate a truck, rail and barge terminal in Cahokia, Illinois, on the Mississippi River, the main pipeline that supplies
Customized Detroit Lions Jersey exporters along the US Gulf Coast with corn and soybeans.

The facility can receive about 180,000 bushels (4572.24 metric tons) of corn per hour, delivered by truck and rail, and can load two river barges simultaneously at a rate of about 60,000 bushels per hour.

COFCO also acquired the terminal near the busy inland port of St. Louis as
Custom Broncos Jersey part of its Nidera deal, completed in 2016.

Growmark staff will assist in sourcing grain at COFCO’s St. Louis office as Men’s Nike Customized Denver Broncos Elite Away White NFL Football Jersey Shirt part of the partnership, the companies said in a statement.

This partnership will offer China more direct access to ensure food imports, said Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences in Beijing.

“The food industry has gained a growing influence in the country’s economy
Custom Lions Jersey over the past decade. China also needs more food to
Women’s Nike Detroit Lions Personalized Elite Away White NFL Football Jersey Shirt boost domestic consumption and facilitate ongoing supply-side structural reform,” Ding said.

This also is the latest expansion move by COFCO International since it invested $3 billion to buy Noble Group’s agribusiness and a large stake in Dutch grain trader Nidera BV in deals that bolstered its position in the global grain market.

The deal draws a more direct link between a large Chinese food importer and
Customized Dallas Cowboys Jersey farmers in the world’s largest corn exporter and second biggest soybean exporter.

Growmark hopes to solidify ties to a huge market in China, the world’s top
Youth Nike Detroit Lions Customized Elite Team Color Light Blue NFL Football Jersey soybean importer and major buyer of other agricultural goods.

Neither company disclosed terms of the deal.

Eager to enhance its earning ability, COFCO has already increased staff numbers in Geneva, home to COFCO International’s headquarters and the center of its grains and oilseeds business. Its Rotterdam office has separately played a core role in trading activities.

The media office of COFCO’s headquarters in Beijing said the group will accelerate its pace of building warehouses and logistics facilities in the world’s major grain-producing regions this year.

The State-owned group plans to build new warehouses and processing facilities in countries including the United States, Myanmar, Kazakhstan, Ukraine and
Men’s Nike Custom Made Dallas Cowboys Elite Team Color Navy Blue NFL Football Jersey Indonesia to acquire more food resources at global markets.

China’s service trade deficit Custom Panthers Jersey widens in H1

– China’s service trade deficit rose 26.6 percent year on year in the first six
Custom Panthers Jersey months of the year to 896.96 billion yuan (about $132 billion), official data showed Friday.

The Ministry of Commerce said the deficit came mainly from tourism, transport and intellectual property rights, while consulting and information service sectors saw a surplus.

Exports of services rose 5.6 percent to 695.09 billion yuan, and imports jumped
Customized Carolina Panthers Jersey 16.5 percent to 1.59 trillion yuan in the first six months.

“In the second half year, the growth of exports may still be lower than imports, resulting in a larger service trade deficit,” said Xian Guoyi, head of the service trade department at the ministry.

“However, the expansion of imports could help improve people’s lives and
Custom Browns Jersey upgrade domestic consumption. Therefore, we should have a correct attitude towards larger service trade deficit,” said Xian.

The gross value of service trade in the first half of the year stood at 2.29 trillion yuan, up 12.9 percent year on year.

Service trade in June surged 29.7 percent year on year, the fastest pace in 18 Men’s Nike Carolina Panthers Custom Elite Team Color Black Super Bowl 50 Bound Jersey Customized Cleveland Browns Jersey months.

In June, income from trade in services was 124.2 billion yuan, while expenditure totaled 324.9 billion yuan, generating a monthly deficit of more than 200 billion yuan.

China regularly registers a deficit in service trade as its service sector is less
Custom Bengals Jersey competitive than a number of economies.

The government has channeled more energy into the sector and rolled out
Customized Cincinnati Bengals Jersey measures to improve it, including gradually opening up the finance, education, culture and medical sectors.
Men’s Nike Carolina Panthers Custom Elite Team Color Black Super Bowl 50 Bound Jersey.