date:May 13, 2014
nd Wal-Mart China, accounted for about 8.6 percent of Chinas total retail consumption of goods and services, the report released in late April showed.
Among the chain store giants, 21 retail companies cut their number of outlets last year amid rising costs, while 15 of them posted declines in sales, the CCFA said.
The newly opened outlets of the 45 largest convenience stores expanded by 9.5 percent in 2013, compared with a mere 0.4-percent increase in new outlets of 50 big department stores an