New Market Report: Health and Beauty Specialist Retailers in China
Current value sales of health and beauty specialist retailers grew by 12% in 2013 to reach RMB915.2 billion. The total number of outlets rose by 7% to reach 587,000. Thus sales per outlet increased. Growth was driven by the increasing self-medication trend, with consumers purchasing medicines from chemists/pharmacies, personal care products from drugstores/parapharmacies and using services provided by beauty specialists. Thus the competitive landscape remained highly fragmented, with the top 10...
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