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Major Acquisition! MINISO to Become the Largest Shareholder of Yonghui Superstores
MINISO announced on September 23 that it will acquire a 29.4% stake in Yonghui Superstores for 6.27 billion yuan, potentially becoming its largest shareholder and expanding its offline retail footprint. The deal includes shares held by Dairy Farm and JD.com.
零售圈Review | Top 10 Events in the Snack Discount Sector in 2023
If 2023 saw a general cooling of consumption, the snack track was a different story. Over the past year, snack discount chains represented by Snacks Busy, Zhao Yiming Snacks, and Snacks Youming rapidly rose, becoming hot commodities. They further squeezed the living space of snack specialty brands that had dominated the track for years, forcing brands like Bestore and Three Squirrels to proactively transform and enter the snack discount track. In addition to these two major competitive forces, fresh-made snack categories represented by Panda Momo and Xueji Roasted Nuts also caught the attention of capital. Driven by these three major business formats, the all-round competition in the snack track has become impossible to ignore. Based on this, the author has specially reviewed the important events in the snack category in 2023. We note that the current snack track has entered a period of intense horizontal competition, mainly reflected in store scale, layout density, and supply chain. In the future, major brands will enter 'face-to-face competition,' making close-range competition inevitable. Mergers, acquisitions, integration, and upgrades may become new development trends.
零售圈First in China: Supermarket Giant Jiajiayue Enters Warehouse Club Sector
Retail giant Jiajiayue Group has entered the warehouse club sector, with its first store in China set to open on December 24 at Hongyang Plaza in Jinan. This marks another traditional supermarket giant joining the warehouse club race, which already includes foreign players like Costco, Metro, Sam's Club, and Carrefour, as well as domestic brands such as Hema, Beijing Hualian, and Beiguo Supermarket.
零售圈Walmart, Costco, Carrefour, Metro, Yonghui, JD.com and Other 30 Retail Companies' Q1 2021 Results
Recently, over 30 retail giants including Walmart, Costco, Carrefour, Metro, Kroger, Best Buy, Tesco, 7&I Holdings, Aeon, Yonghui, Suning, Lotte, Marks & Spencer, and Home Depot released their Q1 2021 financial results. The Retail Circle has compiled them by region: the US, Europe, and Asia.
零售圈Suning Holdings Pledges All Equity to Taobao; Latest Response from Suning
Suning Holdings Group recently pledged all its equity to Taobao (China) Software Co., Ltd., sparking public concern. Suning responded that it is a normal commercial cooperation with no substantial impact on operations.
零售圈Market Share and Average Store Sales of Walmart, RT-Mart, Carrefour, Yonghui, China Resources, etc.
In 2018, China's consumer goods market continued to maintain stable growth with improved quality. Total retail sales of consumer goods reached 38.1 trillion yuan, a year-on-year increase of 9.0%, with an absolute increment of 3.2 trillion yuan. Consumption contributed 76.2% to GDP growth. In 2018, the sales scale of the top 100 retail enterprises reached 7.35 trillion yuan, a year-on-year increase of 20.5%, but the growth rate decreased by 5.5 percentage points compared with the previous year.
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