Articles by 三岱

“Learning from Pangdonglai” Restructuring Wave: Should Retailers Find Themselves or First Become “Someone Else”?

In February 2025, the closure of the last Walmart in downtown Hangzhou symbolized the end of the hypermarket era, while a wave of traditional supermarkets, led by Yonghui, sought salvation by adopting Pangdonglai's model. This transformation, however, raises questions about whether it represents genuine innovation or mere imitation, as retailers grapple with the challenge of balancing scale, efficiency, and experience.