Leading retail chain operators in China 2021, based on retail sales
In 2021, Chinese retailers Suning.com Group, Gome Electrical Appliances, and Red Star Macalline Holding Group were the leading three retail chain operators in the country, with approximately 197 billion yuan, 147 billion yuan, and 137 billion yuan in retail sales respectively.
Retail chain enterprises
The total retail sales of the leading 100 retail chain operators in China reached nearly 2.3 trillion yuan in 2021, decreasing by about 2.8 percent compared to the previous year. Among all retail chain types, convenience stores recorded the best results in terms of sales growth and new store openings. Hypermarket and supermarket chain sales grew at a much slower rate in comparison.
Suning Commerce Group
Suning Commerce Group, also known as Suning.com Group, has been the largest retail chain operator in China since 2015, with the most recently recorded annual revenue of 138.9 billion yuan. Headquartered in Nanjing, the enterprise is engaged in not only retail, but also finances, logistics, and digital services. In the retail sector, it mainly operates franchised retail shops of electronic home appliances. As of 2021, Suning Commerce Group had a total of 2,103 physical stores.
Retail chain enterprises
The total retail sales of the leading 100 retail chain operators in China reached nearly 2.3 trillion yuan in 2021, decreasing by about 2.8 percent compared to the previous year. Among all retail chain types, convenience stores recorded the best results in terms of sales growth and new store openings. Hypermarket and supermarket chain sales grew at a much slower rate in comparison.
Suning Commerce Group
Suning Commerce Group, also known as Suning.com Group, has been the largest retail chain operator in China since 2015, with the most recently recorded annual revenue of 138.9 billion yuan. Headquartered in Nanjing, the enterprise is engaged in not only retail, but also finances, logistics, and digital services. In the retail sector, it mainly operates franchised retail shops of electronic home appliances. As of 2021, Suning Commerce Group had a total of 2,103 physical stores.
