News Centre
Kantar Worldpanel - www.kantarworldpanel.com

FMCG during CNY period remained soft

28/03/2017

Kantar Worldpanel’s latest figures for 12 weeks ending 24th February 2017 in China shows consumer spending on FMCG only grew by 1.4% compared to the same period last year. Modern trade dropped by -0.3% whilst eCommerce grew by 36.1% for the same time period.

Sun-Art and CRV Group’s national share declined slightly by -0.1pt driven by a fall in shopper traffic. Despite the struggling environment Walmart and Yonghui Group grew at 1.9% and 13.2% respectively. Local retailers are seeing a softening in their growth performance but were still able to capture well the CNY opportunity and continued to grow share during this important period for offline retailers.

Ecommerce showed resilience. Many ecommerce retailers are trying to overcome this traditional ‘low’ period and many started to build their delivery capacity during CNY season, especially JD, but also Tmall. They are also doing more promotions during the CNY period, such as the CNY grocer festival and non-stop logistic service in a bid to steal sales from traditional modern trade retailers. With all those efforts, the eCommerce channel maintained penetration at a higher level than previous year’s pre 11-11. In the past 12 weeks, covering CNY), more than one third of Chinese urban households purchased FMCG online, which is 11.2pt higher than same period of 2015.


For more information, please click Grocery Dataviz

FMCG during CNY period remained soft while ecommerce showed resilience

FMCG during CNY period remained soft while ecommerce showed resilience

Get in touch

Jason Yu
General Manager in China

Social
Newsletter
Twitter
LinkedIn

Our website uses cookies to improve the user experience.
By continuing to use this site you agree to our use of cookies. [Cookies policy]