date:Jul 17, 2013
rized by razor-thin margins, even more challenging in recent years.
According to sources at www.china-consulting.cn, retailers in China experienced a 10.4 percent decline in net profits last year, the first contraction in the past four years.
For both Chinese and foreign retailers, the traditional model relying on fast expansion to raise leverage with suppliers and therefore increase profits is no longer working amid weakening purchasing demand, said Sun Xiong, director of the Guangdong Chain