Monday, August 26, 2019

Costco hopes to succeed where other foreign retail giants failed by opening first Chinese store

South China Morning Post
The US retail giant Costco is diving into the thorny area of food retail in China with its first store opening this week, but analysts warn it faces a tough ride as it looks to succeed where a series of international retailers have failed.

China has proved a brutal battleground for overseas food retailers in recent years, with many failing to understand consumer habits and tastes and facing strong competition from local companies.. . . more