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One Closes Stores, Another Prepares for IPO: The 'Ice' and 'Fire' of Fresh Food Retail
The development of fresh food e-commerce has a long way to go. As online retail grows, the industry has evolved from traditional models to new ones like front-warehouses, integrated store-warehouses, and community group buying. However, due to persistent profitability issues, major players like Xingsheng Youxuan, Shihui Tuan, and Miss Fresh have exited. On May 22, news broke that Dingdong Maicai would withdraw from the Sichuan-Chongqing market, signaling a cold winter for fresh food new retail. Yet, amidst the turmoil, Alibaba announced on May 18 that it had approved IPO plans for Hema, which is expected to list within 6-12 months, showing contrasting fortunes in the same sector.
勾勾Review of Listed Supermarkets' Three Years of Pandemic: Revenue and Net Profit Both Decline, Q1 Performance Improves but Full Year Remains Under Pressure
From macro data, the overall offline retail sector, especially supermarkets, remains under pressure. In Q1 2023, most listed supermarket companies saw improved net profits compared to the same period last year, a positive shift from 2022 when over 60% of listed supermarket companies were loss-making. However, the full-year outlook for 2023 remains cautious. For example, Yonghui Superstores reported Q1 2023 revenue of 23.802 billion yuan, down 12.63% year-on-year, but net profit attributable to shareholders of 704 million yuan, up 40.24%.
十里Xifeng Liquor's New Appointment: A New Dawn for the Revival of a Famous Brand?
Xifeng Liquor, on its path to revival, has drawn attention with its recent appointment of Zhang Zhouhu, a young veteran in the liquor industry. In nearly two months since taking office, the company has accelerated its national expansion, stabilizing markets in the Yangtze River Delta and Pearl River Delta. Zhang revealed that Q1 performance grew 34%, with Red Xifeng surging over 50%. Analyst Cai Xuefei notes that Xifeng's competitiveness has strengthened, but key tasks remain structural adjustment, sustainable growth, and national market development.
郑海斌Farewell, Second-Tier Distributors!
Second-tier distributors, once active in the market, are gradually disappearing, as reported by Jiuyejia360 during market visits to Henan, Zhejiang, and Shandong. In the new stage of the liquor industry, manufacturers are strengthening control over distribution prices and marketing methods, and are increasingly adopting channel flattening through self-built sales platforms or co-marketing with liquor merchants to optimize the industry chain. However, some major distributors believe that excessive channel flattening is counterproductive.
打造酒业第一媒体The Rise and Fall of Brands Behind the Baijiu Tycoon
Today, Zhenjiu Lidu became the first baijiu stock on the Hong Kong Stock Exchange, making Wu Xiangdong, known as the 'Godfather of Baijiu', the new richest person in the industry with a net worth of 30 billion yuan. The baijiu industry has created many wealthy individuals, most of whom started through mixed-ownership reforms and management buyouts, a model that has faced controversies over the years.
杨伟MissFresh's Lesson, Dingdong's Guide
Dingdong Maicai is transforming from a fresh e-commerce company into a food company. After MissFresh's collapse, Dingdong has been closing unprofitable cities and focusing on prepared dishes to achieve profitability.
田静High-Strength Spirits Decline, Low-Alcohol Drinks Rise
How long has it been since you last drank baijiu? According to data from the China Alcoholic Drinks Association, in 2022, the output of baijiu enterprises above designated size was 6.71 million kiloliters, a year-on-year decrease of 5.6%, hitting a ten-year low. The baijiu industry has entered a new cycle of declining volume, rising prices, and intensifying differentiation. Red wine and yellow wine are not much better, and beer faces intensified competition in a shrinking market. Only the low-alcohol drinks market remains relatively lively. Although it cannot compare with the sales surge and capital influx of 2021, in the past year, 620 new low-alcohol drink-related enterprises were registered, and about 13 low-alcohol drink brands received financing, making it quite noteworthy.
陈碧婷Hema Prepares for Hong Kong IPO, Opening a New Chapter
Hema has spent eight years proving that 'new retail' is not a false proposition, and it is anticipated whether it can successfully fire the first shot of independent listing after Alibaba's split. According to previous reports from Bloomberg, Hema has begun preparations for a Hong Kong IPO and has selected CICC and Morgan Stanley to arrange the listing next year.
金诺Discount Stores: Racing Toward Ten Thousand Stores
Discount stores are finding their advantage in lower-tier markets, where offline efficiency increases with descent. Some aggressive players have even opened 2,000 stores in a year. "In the next couple of years, there will definitely be a batch of companies with ten thousand stores, not just one, but a batch," says Tan Zhiwang, partner at Wujie Innovation Capital, which has invested in over a dozen related brands. He notes that growth is too fast to track accurately, with numbers changing monthly. Some brands founded in December 2021 are expected to exceed 1,000 stores this year, while others have opened 1,200 stores annually or achieved over 6 billion yuan in sales over several years.
谢璇Three Squirrels, Lai Yifen, and Bestore Financial Report PK: Can't 'Roll' Out a New Story?
In the first half of 2021, Lai Yifen's profit increase without revenue growth was tied to investment income, with wealth management products and equity transfer gains totaling 68.0368 million yuan, accounting for 62.81% of net profit. Without this, the company would still be loss-making. As the post-pandemic era stabilizes snack consumption, traditional festivals and e-commerce shopping festivals in H2 2021 are expected to boost performance further.
不二研究1.5 Trillion Yuan Track Sees Frenzied Financing as a Group of Veterans Race Ahead
The rise of bulk snack stores is creating a massive opportunity for entrepreneurs. This article provides an in-depth analysis of the trend, exploring the underlying economic and retail dynamics, the operational capabilities required for success, and the key players and their backgrounds.
New DistributionQ1 2023 Financial Reports Unveiled: How Are Retail Enterprises Breaking Through?
Affected by the pandemic and supply chain issues, the retail industry faced severe challenges in 2022. In Q1 2023, retail enterprises experienced a wave of recovery and growth. According to incomplete statistics, major retail enterprises such as Yonghui Superstores, Jiajiayue, Better Life, and Zhongbai Group all underwent varying degrees of adjustment and business restructuring in the first quarter to cope with the complex external environment. Internally, enterprises have slowed down expansion and focused on improving single-store quality, while actively promoting online-offline integration and using digitalization to drive business transformation, continuously consolidating their fresh food advantages...
New DistributionSuning Sacrifices Carrefour? The Fate of Foreign Capital Behind Carrefour's 'De Facto Demise'
The launch of the 'Community Quality Life Center' marks the formal 'de facto demise' of Carrefour, once a hypermarket giant. Is this the right path? It will take time, financial resources, and Carrefour's fate to verify. For more local retail enterprises, where does the fundamental transformation lie? Carrefour's assets have been significantly impaired. Suning's 'major surgery' on Carrefour stores is accelerating its exit from the frontline hypermarket brand competition. On April 14, Suning.com's revised 2022 performance forecast announcement showed that the latest estimated net loss attributable to shareholders of the listed company increased to 15.5 billion to 16.5 billion yuan; the loss expansion was mainly due to asset impairment of Carrefour during the period. Suning.com is accelerating the closure of some Carrefour stores in certain cities, while focusing on the integration of Carrefour stores in advantageous urban areas with Suning.com's business formats.
龙商网Kweichow Moutai: Hidden Concerns Behind the 'Great Leap Forward'
With targets of 200 billion yuan in revenue and 100 billion yuan in net profit, are Kweichow Moutai's reform goals too aggressive? Recently, 'King of A-shares' Kweichow Moutai released its 2022 annual report. Amid weak consumption due to the pandemic, Ding Xiongjun, the youngest leader in Moutai's history, delivered a near-perfect performance in his first full fiscal year. In 2022, Moutai achieved operating revenue of 124.1 billion yuan, up 16.87% year-on-year, with a gross margin of 94.19% and net profit of 62.716 billion yuan, up 19.55%, and a net margin of 52.68%, a nine-year high.
金梅Yonghui Superstores Q1 Financial Report Released: Performance Gradually Warming Up
Yonghui Superstores released its Q1 2023 financial report, showing revenue of 23.802 billion yuan, up 24.07% quarter-on-quarter but down 12.63% year-on-year, with net profit attributable to shareholders of 704 million yuan, up 40.24% year-on-year. Despite challenges, the company's online business is growing, and it remains the second-largest retailer in China by market share.
赵胜男2022 Financial Reports: Revenue Declines, Net Profits Narrow, Losses Remain Common
Retail companies' 2022 annual reports show more worries than joys, with most experiencing revenue declines and narrowed net losses. Sanjiang Shopping Club stood out with a 73.95% increase in net profit, while Better Life and other chains faced significant losses and store closures.
十里Golden Seed Fuhéxiāng Upgrades: China Resources Beer Takes the First Step into the New World of Baijiu
On April 20, Guyu, Anhui Golden Seed Distillery held the brand renewal launch for Golden Seed Fuhéxiāng in Hefei. This marked the most significant meeting since China Resources' investment in Golden Seed nearly a year ago, signaling China Resources Beer's pivotal move into the baijiu new world.
New DistributionNew Product Launch During Peak Season: Dayao Beverage's Seven 'Don'ts' for New Product Promotion
At the 8th China FMCG Innovation Conference in 2023, New Distribution invited Yun Zhixing, National Marketing Director of Dayao Beverage, to deliver a speech titled 'Seven Don'ts for New Product Promotion'. Yun, a former manager at Yili and partner at a marketing consultancy, shared insights from Dayao's rapid growth, which saw sales exceed 3 billion yuan in 2021, emphasizing the importance of market validation, channel selection, and avoiding common pitfalls in new product launches.
贠志兴The "Declining" Top 100 Chinese Supermarkets
There is no such thing as a lasting business empire. This phrase aptly describes the current state of China's top 100 supermarket chains over the past decade. Most are traditional retailers that once enjoyed glorious pasts, but many are now contracting and suffering losses, with few able to sustain profitability. For example, Yonghui Superstores, ranked second in the "2021 China Supermarket TOP100" released by CCFA in July 2022, has seen a glimmer of turnaround. Recently, Yonghui announced its operating data for the first two months of 2023, with preliminary calculations showing operating net profit of approximately 860 million yuan, a year-on-year increase of about 14%, and net profit attributable to shareholders of approximately 820 million yuan, up about 70% year-on-year.
十里Exclusive | Nestlé Group Executive Vice President Zhang Xiqiang: Innovation is a Powerful Engine for High-Quality Development
At the main forum of the 8th China FMCG Innovation Conference held on April 6, 2023, New Distribution invited Zhang Xiqiang, Executive Vice President of Nestlé Group and Chairman and CEO of Nestlé Greater China, to deliver a keynote speech. With nearly 30 years of experience in the pharmaceutical and FMCG industries, Zhang shared insights on how innovation drives high-quality development, highlighting Nestlé's strategies in coffee, infant nutrition, culinary products, and pet care.
张西强Helen's Bar: When Will Its Wine 'Wake Up' After Losing 1.6 Billion in a Year and Closing a Hundred Stores?
Helen's, the first listed mini-bar chain, reported a net loss of 1.601 billion yuan in 2022, its first year after listing, with revenue down 15.05% to 1.559 billion yuan. The company's strategies of further market下沉 and franchising have yet to show significant results, as competition intensifies.
开菠萝财经团队Retail Returns to 'Unnoticed' State: 2023 Is the Watershed for Survival
In the past, retailers could blame the COVID-19 pandemic for poor business; now that excuse is gone. The first year after the pandemic is the true watershed for retailers' survival. "In 2023, the biggest problem facing China's retail industry is the sluggish market and weak sales growth," said one retail executive. Recently, he received calls from several friends facing nearly identical issues: store sales have declined to varying degrees, and owners are worried about the future. This concern is not unfounded...
楚勿留香Nongfu Spring Announces 2022 Financial Results: What Drives Sustained Positive Growth?
On March 28, Nongfu Spring announced its full-year 2022 results: revenue of 33.239 billion yuan, up 11.9% year-on-year; net profit of 8.495 billion yuan, up 18.6%. In 2022, no company in the food and beverage industry had it easy. What drove Nongfu Spring's dual growth in revenue and profit? The story of how Nongfu Spring's frontline employees and distributors in Shanghai self-organized and self-operated to ensure normal service during last year's special period may provide the answer.
李华China Resources Beer Announces 2022 Results, Continues High Growth in the New World of Alcoholic Beverages
Despite a complex and challenging 2022, China Resources Beer achieved sustained growth. On March 24, 2023, China Resources Beer (Holdings) Company Limited (HKEX stock code: 00291) held its 2022 results announcement. The report showed that China Resources Beer's 2022 revenue was RMB 35.263 billion, a year-on-year increase of 5.6%, with net profit of RMB 4.344 billion. Excluding a one-off after-tax gain of RMB 1.316 billion from land transfer in 2021, net profit grew 32.8% year-on-year in 2022. Additionally...
陈思廷