Capital, Earnings & M&A
Traditional Snack Companies Are 'Fleeing' the Internet
As cities rush to revive consumer sentiment, snack stores with minimalist decor and footprints rivaling Miniso stand out. Bestore recently opened a 1,200-square-meter superstore in Wuhan, its largest nationwide, drawing over 10,000 visitors and sales exceeding 760,000 yuan in three days. Despite lackluster performance, including capital reductions and store closures, Bestore is doubling down on offline channels, reflecting a broader industry shift as online growth stalls.
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