Retail Wire: U.S. retailers in dire need of growth look to the China market
In 2017, a growing number of Western retailers decided to go where they can grow. Toys “R” Us, Starbucks and now Walgreens are among retailers expanding their brick-and-mortar and e-commerce presence in China’s booming retail market.
As Western retail markets contract due to bankruptcies, store closures and acquisitions, retailers are increasingly looking beyond their domestic markets for sustainable growth, and for many the large, lucrative China market is tantalizingly rich with possibility.