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Leading convenience store operators in China 2019, based on number of stores

Based on the number of stores, the state-owned China Petroleum and Chemical Corp, also known as Sinopec Group, ranked first among the leading convenience store operators in China in 2019. Easy Joy, a Sinopec Group convenience store chain, had around 27,600 branches in China that year.

Convenience store industry in China

  Driven by rising urbanization, capital investment and newly emerging consumer lifestyles, China’s convenience store market is booming. This is accompanied by vibrant sales growth and rapid network expansion. In 2019, the sales revenue generated by convenience stores in China amounted to around 255.6 billion yuan, indicating a 13 percent annual increase.
The number of convenience stores is also growing, albeit at a slightly slower rate. In 2019, there were approximately 132 thousand convenience stores across the country. At the same time, the merchandise structure of convenience stores is being optimized and the proportion of own brand items on the shelf is increasing.

Sinopec Group and Easy Joy

  As an important part of Sinopec Group’s non-oil business, which launched in 2008, Easy Joy convenience stores grew rapidly in recent years. In 2012, the number of Easy Joy convenience stores surpassed 20,000, with the turnover exceeding eleven billion yuan. In 2015, the sales of Easy Joy amounted to 24.8 billion yuan, representing a growth rate of nearly 45 percent. That year, Sinopec Easy Joy Sales Co., Ltd. also ranked first among 25,000 stores in the "Major convenience store chain enterprise development 2015" evaluation.
Easy Joy convenience stores mainly serve drivers, as they are located in gas stations. Water, beverages, and cigarettes often account for more than 50 percent of gas station convenience store sales.
In August 2018, Sinopec launched its first 24-hour unmanned Easy Joy convenience store in Beijing.

Leading convenience store operators in China in 2019, based on number of stores

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Sources

Release date

August 2020

Region

China

Survey time period

2019

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Statistics on "Retail in China"

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