1. Gome stores shrink and will open franchise business Recently, it was reported that the proportion of closed and cancelled stores of Beijing Dazhong Electronics under Gome Retail has reached 60%. At the same time, both Dazhong Electronics and Gome Appliances are accelerating the closure of offline stores. According to Securities Daily, Gome stores are being adjusted, and the physical store business model will shift from self-operated to a model that retains some self-operated stores and mainly uses franchising. (Securities Daily)
2. In 2022, food, tobacco and alcohol consumer prices rose 2.4% year-on-year On February 28, the National Bureau of Statistics released data showing that in 2022, consumer prices rose 2.0% year-on-year. Among them, food, tobacco and alcohol consumer prices rose 2.4% year-on-year. From the perspective of urban and rural areas, in 2022, urban areas rose 2.6% year-on-year, and rural areas rose 2.1% year-on-year. (National Bureau of Statistics)
3. JD.com restarts front-warehouse business On March 1, according to Caijing Shiyiren, JD.com has restarted its front-warehouse fresh food sales business, with two internal teams trying related businesses. One is the fresh food business unit, which is currently looking for locations and plans to open dozens of warehouses in Beijing this year. The purpose is to explore new business opportunities. The other is the JD Daojia team. (Caijing Shiyiren)
4. Lianhua Supermarket expects net loss for 2022 to narrow by about 40% to 60% year-on-year On the evening of February 28, Lianhua Supermarket issued a performance forecast, expecting that the performance for the year ending December 31, 2022 will reduce losses by about 40% to 60% year-on-year. The audited net loss for the year ending December 31, 2021 was approximately RMB 423 million. (Beijing News)
5. Genki Forest goes 'ALL IN Sales' this year This year, Genki Forest proposed 'ALL IN Sales', aiming to do business well with more distributors. Recently, the company said that its channel strategy will be more clear, including continuing to focus on key consumer groups and continuing to refine channel management. It will make efforts in multiple aspects such as consolidating the market foundation, stabilizing market prices, and safeguarding customer interests and profits, to create higher profits for distributors. (Shidai)
6. CPMC's revenue exceeds 10 billion yuan On March 2, according to a Beijing News reporter from JDB's official website, JDB Chairman Wang Jinchang and President Li Chunlin recently visited CPMC Holdings. CPMC General Manager Zhang Ye said that CPMC's revenue exceeded 10 billion yuan in 2022. (Beijing News)
7. Costco's Shanghai Pudong store starts trial operation On March 1, Retail Business Finance learned that Costco's third store in mainland China will officially start trial operation on March 10 in Pudong New Area, Shanghai. The Pudong store is Costco's third store in mainland China and the second in Shanghai. (Retail Business Finance)
8. China Resources C'estbon's East China base officially put into production Recently, China Resources C'estbon's East China base was officially put into production. The first phase of the project plans to invest about 2 billion yuan and plans to add 8 high-speed production lines. At present, the '12.8L large-pack water line' has been put into use. (Company release)
9. Coca-Cola launches Japan-exclusive bottle Recently, Coca-Cola Japan launched a slim bottle featuring designs of Mount Fuji and waves. The bottle inherits the shape of a glass bottle and has a capacity of 250 ml. The manufacturer's suggested retail price is 125 yen (excluding tax). (Food News)
10. Dayao launches its first soda sub-brand Recently, Dayao Soda launched a new brand 'You Love Mi' and created its first product, honey grapefruit sparkling tea. The new product is in 500ml specification, with a retail price of about 6.5 yuan or more per bottle, and is now fully on sale. (Food Board)