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Hypermarket Transformation: E-commerce as a Lifeline, Membership Stores as a New Track
RT-Mart, once a symbol of the hypermarket era, surprisingly turned a profit in its latest fiscal year, with parent company Sun Art Retail achieving a profit of 78 million yuan after a net loss of 826 million yuan in 2022. The turnaround involved closing some RT-Mart stores and optimizing new formats, resulting in only a 5.1% revenue decline despite a net reduction of 20 stores. Meanwhile, Walmart China saw a 28.3% revenue increase in Q1 FY2024, driven by strong Sam's Club growth, highlighting a trend where retail giants are revitalizing through membership stores rather than traditional hypermarkets.
古廿Hema's Battle to Elevate Pre-made Dishes
How should pre-made dishes be made? This hot question in the food industry has seen diverse approaches in recent years. From a capital perspective, pre-made dishes are a popular sector that can bring attention and favor, leading numerous companies to enter the field. However, as the hype fades, the industry is shifting towards long-term, systematic development, with Hema leading the charge by focusing on freshness, novelty, and new scenarios.
古廿Amid Consumption Shifts in Neighborhood Stores, a New Instant Retail Format Is Taking Shape
Between the distant and the self lies a vast middle ground—the nearby. Two years ago, Luo Zhenyu emphasized that observing the same thing from a distant gaze versus a nearby perspective yields different views. As the world returns to normal, he believes the keyword for the recovering 2023 business landscape is 'the nearby is a sea of stars.' Diverse forms of the nearby are emerging, replacing familiar street cries, as local commerce rebuilds daily relationships with communities. The value of the nearby is the force behind the recovery and growth of local retail, which has developed new formats like instant retail as consumers increasingly choose to shop locally.
古廿The Three Kingdoms of Instant Retail: Meituan Reinforces Supply, Alibaba Coordinates, JD Drives Traffic
Wang Xing, who always emphasizes business without borders, declared in Meituan's 2021 chairman's report that the endgame of the retail industry is 'everything delivered to home.' To win this final battle, Meituan adjusted its corporate strategy from 'Food + Platform' to 'Retail + Technology.' From service e-commerce to physical goods e-commerce, Meituan's understanding of retail is instant gratification. Based on local life communities, it encompasses supermarkets, pharmacies, fruit shops, flower shops, pet stores, and more within a few kilometers, using surplus delivery capacity outside peak meal times to do 30-minute home delivery retail business.
古廿Mom-and-Pop Stores: I Am Not a Retail Outsider
In China, there are 6.8 million mom-and-pop stores that have quietly served consumers for decades. Now, as e-commerce giants like Alibaba and JD.com push into offline retail, these stores are being transformed or marginalized. Despite their small size, they account for 40% of retail channel shipments, yet many owners remain skeptical of the new retail buzzwords and the rapid expansion efforts.
古廿