Qingdao's first-store economy soars
China DailyAs retail and physical commerce rebound, the first-store economy has been growing rapidly in Qingdao, East China's Shandong province. A large number of well-known commercial brands such as Sam's Club, JD Mall, Wumart, and the Wangfujing Shopping Center will set up first stores in Qingdao, all of which will emphasize new models, formats, and technologies. In recent years, membership-based supermarkets represented by Sam's Club have become popular among young people in cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. Shibei district will continue to promote the development of the service industry and make significant efforts to boost consumption by diversifying consumption options through stores such as Sam's Club. Sam's Club, the upscale members-only retail chain under the Fortune Global 500 company Walmart, is set to open its first outlet in Qingdao.