Chinese retailer Wumart Stores has shrugged off the prospects of a slowing domestic economy and greater competition from foreign rivals and insisted it can offer value to consumers.


In an exclusive interview with just-food, Wumart chairman Wu Jianzhong was sanguine about the slowdown in the Chinese economy and moves by Carrefour and Wal-Mart to lower prices.


“So far, there has been no evidence of weaker consumer spending,” Wu, the founder of the Beijing-based retailer, told just-food.


Wu founded Wumart in 1994 and the company has grown to become the leading food retailer in Beijing, a city of around 17m people.


The company makes around 80% of its sales in Beijing and Wu argued that the retailer’s relationship with local suppliers in and around the Chinese capital meant it could compete on price.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Better prices are not a problem. We can go lower than Carrefour,” Wu insisted.


For more on just-food’s exclusive interview with the Wumart chairman, click here.