Retail Formats
At Yonghui's First Self-Renovated Store in Beijing: Seeing Manufacturing-Development Retail
Ye Guofu: "The best retailers are manufacturing-development retailers; those with design and development capabilities are the ultimate future model." The renovated store features bakery, self-operated deli, DL products, and Yonghui private labels, offering quality-price ratio and a return to the warmth and experience of supermarkets, creating a wallet-share-shifting experience gap compared to similar products in other channels. Ye Guofu: "Yonghui has a good foundation, a solid team, and sufficient scale. Today, with the right approach and a change in working methods, the results are different." The renovation: after one month of self-renovation, the store has addressed livelihood needs, quality, and younger product selection, proving its ability to pivot locally; the next milestone is 40-50 renovated stores around the Spring Festival, which is fully verifiable.
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