1月26日，就永辉北京一调改门店突然停业一事，北京鸿坤广场购物中心发布声明称，"1月23日，永辉 超市未经我方了解情况下擅自关闭超市正门及主要出入口。事件发生后我方始终与永辉方面保持沟通督 促永辉方面尽快恢复营业。"该购物中心表示，自永辉超市鸿坤广场店改造完毕以来，永辉方面未缴纳 任何房租、物业费、水电费、广告位使用费及其它费用。永辉超市欠缴各项费用期间，购物中心持续正 常供水、供电。 1. 自3月28日永辉超市鸿坤广场店改造完毕以来, 永辉方面 未缴纳任何房租、物业费、水电费、广告位使用费及其它费用 2. 永辉超市欠缴各项费用期间,我方持续正常供水、供电 3. 截至声明发布时,永辉方未主动与我方沟通,我方将持续 关注此事,推动永辉方面自行开业,并保留法律追究的权利 对此为各位顾客造成不便 。 我们代替永辉方面向各位顾客深表歉意 鸿坤广场永辉超市自行闭店及不实言论的声明... 展开 17 t田鸦坤宁场购物中心 � 6 +关注 26. 126 注 32 352 31 9 此前，智通财经走访发现，永辉超市北京鸿坤广场门店突然停业。一名现场工作人员告诉记者，停业的 主要原因是停水，但何时恢复营业他无法给出具体时间。 ...

IP赋能是今年永辉"喜市"的亮点之一。永辉重点引进了三丽鸥和小马宝莉两大IP的系列年饰产品。三丽 鸥家族系列小对联、冰箱贴、磁吸对联套装，融合了卡通形象的可爱特质与中国传统吉祥元素。小马宝 莉系列则推出了春节卡通创意红包、如意门贴、挂挥春等产品。 除了IP联名，永辉"喜市"在传统品类的开发与创意设计上也下足了功夫。对联既有马年立体卡通套装、 新新文创立体生肖对联，也有百福绒布对联、创意生肖绒布对联。磁吸设计解决了传统胶贴难清理、易 破损的痛点。此外，"喜市"专区还有仿羊皮纸制作的古风灯笼，立体财神挂饰、醒狮红果挂饰、线编中 国结等。 "过了腊八就是年"。为延续这份节日温情，永辉在全国门店同步推出为期三天(1月24日-26日)的腊八主 题活动，暖心腊八粥试吃、腊八蒜满减促销以及部分门店设置烤羊肉串搭配腊八蒜的创新体验。同时， 永辉还挑选30支千万级爆品、时令生鲜及民生必备品，推出专项优惠，为消费者提供一站式年货采购方 案。 北京商报讯(记者赵述评)近日，永辉超市（601933）正式发布"新永辉新年味"新年货战略，在店内设置 汇集众多年货的"喜市"专区，例如春联、福字、灯笼、中国结、创意摆件等年节装饰品。 ...

作者 I 李东阳 报道 I 李东阳朋友圈 2024年9月，叶国富大手一挥拿下永辉超市，亲自担任起改革领导小组组长，他的自救策略总结起来就一句话：像素级模仿胖东来。 这位胖东来的忠实学徒，将胖东来的网红大月饼、DL系列自有品、自由·爱白酒一股脑搬上货架，部分门店商品结构查重率甚至超过90%。 但为师一拳200年的功力，岂能一朝一夕习得，2025年度，永辉超市归母净利润预计再亏21.4亿元，连续5年累计亏损达116亿元。 图 直到2024年，永辉超市看到了胖东来这个零售业的新神话，决定摸着石头过河，核心是从"人、货、场"三方面优化：给员工涨薪并严格执行8小时工作 制；大幅汰换商品，提升品质；优化购物环境。 照搬作业的确有效，永辉用时两个月触底反弹、股价翻番，但之后恶补功课与基本功不扎实的矛盾开始显现，永辉半年时间关店近两成，部分调改门店里 的商品汰换率超过八成。 不过永辉对师门的教导仍旧是坚信不疑的，在公告中，永辉表示业绩亏损是因为重大经营战略调整所致。 注：永辉超市内部标语 要说永辉不努力实在冤枉他，胖东来的另一位学徒山西美特好超市，去年10月集中关闭超市门店的行为引发市场恐慌，时至今日，倒闭传言在市场上持续 ...

ab 20 January 2026 Global Research China Consumer Sector 2026 GCC takeaways: Sector valuation remains attractive with signs of consumption recovery Green shoots in consumer confidence with increasing divergence in preferences We hosted ~35 consumer companies (listed and private), one expert panel on shopping malls and new consumption trends, and a tour in Shanghai and Hangzhou. Despite the near-term property market downturn, we have seen green shoots in consumer confidence and think improving stock market r ...

Core Viewpoint - Yonghui Supermarket (601933.SH) has decided to terminate the public transfer of its 28.095% stake in Yonghui Yunjin Technology Co., Ltd. due to prolonged timelines and unsuccessful attempts to find qualified buyers, opting instead for a private transfer to existing shareholder Shanghai Paihui Technology Co., Ltd. for a total price of 80 million RMB [1] Group 1: Transaction Details - The decision to terminate the public transfer was influenced by the lengthy process of soliciting potential buyers and the failure to attract suitable offers despite two price reductions [1] - The final agreement price of 80 million RMB is significantly lower than the book net asset value of approximately 171 million RMB, resulting in an expected investment loss of about 90.88 million RMB [1] Group 2: Market Feedback and Pricing - The transaction price was determined based on market feedback received during the earlier public listing process, which included price adjustments to 153 million RMB and 120 million RMB [1] - The company will no longer hold any equity in Yunjin Technology following the completion of this transaction [1]

Core Viewpoint - Yonghui Supermarket has reported continuous losses for five consecutive years, with a total loss exceeding 11.6 billion yuan from 2021 to 2025, indicating a significant decline in its financial health and operational efficiency [4][5]. Financial Performance - In 2025, Yonghui is expected to report a net loss of 2.14 billion yuan, compared to a loss of 1.47 billion yuan in the previous year, reflecting an increase in daily losses to approximately 6 million yuan [4]. - Cumulative losses from 2021 to 2025 are as follows: 3.944 billion yuan in 2021, 2.763 billion yuan in 2022, 1.329 billion yuan in 2023, 1.465 billion yuan in 2024, and 2.14 billion yuan in 2025, totaling over 11.6 billion yuan [4]. Strategic Adjustments - Yonghui has attempted various strategies to reverse its declining performance, including launching "Super Species" for fresh food and dining, establishing Yonghui MINI community stores, and exploring warehouse stores and digital transformation, but these efforts have not yielded positive results [4]. - The company has faced increased costs due to store adjustments, supply chain reforms, and asset impairments, which have contributed to the widening losses [5]. Market Reaction - Following the announcement of a support plan from the management of "Fat Donglai," Yonghui's stock price rose over 20% in three consecutive trading days, indicating market optimism regarding the company's transformation efforts [5].

Group 1: Yonghui Supermarket - Yonghui Supermarket (601933.SH) forecasts a net loss of 2.14 billion yuan for 2025, compared to a loss of 1.47 billion yuan in the previous year, indicating a daily loss of nearly 6 million yuan [2][3] - This marks Yonghui's fifth consecutive year of losses, with cumulative losses exceeding 11.6 billion yuan from 2021 to 2025 [2] - The company has attempted various strategies for recovery, including launching "Super Species" and exploring community stores, but these efforts have not reversed the downward trend [2][3] Group 2: Apple - Apple has initiated a promotional campaign for the iPhone Air, reducing its price by 2,000 yuan, with potential total discounts reaching 2,500 yuan [3] - The promotion is limited to approximately 13,000 units available through direct sales channels [3] Group 3: Xiaomi - Xiaomi's founder Lei Jun announced that the new generation SU7 model is expected to have some sample cars available in stores before the Spring Festival [6] Group 4: BYD - BYD plans to export 1.3 million vehicles by 2026, aiming for a nearly 25% increase in deliveries to markets outside China [7] Group 5: NIO - NIO's subsidiary, Leidao, has achieved 91.36% progress towards its goal of doubling the number of battery swap stations, with over 7,309 new batteries invested as of January 24 [7] Group 6: Wuliangye - Wuliangye anticipates that the industry will gradually enter a recovery phase, supported by improving macroeconomic conditions and consumer demand [9] Group 7: Tesla - Tesla has introduced an 8,000 yuan subsidy for certain Model 3 variants, alongside financing options such as a 7-year low-interest plan [16] - The Model 3 rear-wheel drive version starts at 235,500 yuan, with various financing options available [16] Group 8: Leica Camera - Blackstone Group is considering selling its controlling stake in Leica Camera, with an estimated valuation of around 1 billion euros (approximately 8.21 billion yuan) [11] Group 9: Semiconductor Market - Samsung Electronics has raised NAND flash memory prices by over 100% in the first quarter, reflecting severe supply-demand imbalances in the semiconductor market [13]

Core Viewpoint - The article discusses the challenges faced by companies attempting to emulate the successful business model of Pang Donglai, highlighting that many have struggled to achieve similar results despite extensive efforts to learn from his approach. Group 1: Challenges in Learning from Pang Donglai - Many companies, including Meitoh and Yonghui Supermarket, have attempted to adopt the "Pang Donglai model" but have encountered significant difficulties, with some even failing to graduate from training programs [1][3]. - Yonghui Supermarket has reported a projected annual loss, while other competitors like Zhongbai have seen revenue decline by nearly 20% year-on-year [3]. - Despite these struggles, Pang Donglai has achieved remarkable success, completing a sales target of 20 billion yuan ahead of schedule, which is 25% more than the previous year's total [3]. Group 2: Key Characteristics of the Pang Donglai Model - The essence of the "Pang Donglai model" lies in fundamentally changing the survival strategies of traditional retail stores, moving away from the reliance on key account (KA) sales [5][6]. - Traditional supermarkets often charge suppliers various fees to place products on shelves, which can significantly reduce profit margins [7][10]. - Pang Donglai, along with Costco and Sam's Club, has adopted a model that emphasizes direct profit from consumers rather than relying on supplier fees, allowing for better product selection and control over inventory [9][10]. Group 3: Management and Operational Insights - The article emphasizes the importance of effective management and organizational structure in successfully implementing the Pang Donglai model, noting that traditional procurement systems can hinder progress [11][25]. - High employee compensation and generous benefits at Pang Donglai are designed to reduce unethical behavior and improve overall management efficiency [14][20]. - The complexity of managing a large organization can dilute the effectiveness of detailed management practices, making it challenging for companies to replicate Pang Donglai's success [25][26].

（来源：新华日报） （视觉中国供图） （受访者供图） □ 本报记者 洪叶 王梦然 大润发M会员店则在差异化上下功夫：生鲜产品执行高于普通超市的品控标准，比如草莓要求甜度不低 于12度，苹果直径不少于8厘米；快消品类中，独家定制的洗衣液、纸巾等商品占比超30%，"这些独家 商品只有会员店能买到，能更好地留住顾客。"大润发M会员店商品部采购总监徐飞向记者介绍，得益 于长期积累的农产品直采基地网络优势，会员店可以尽可能地缩短生鲜商品流通链路，在保障商品鲜度 的同时强化价格优势。 从"购物场所"到"生活驿站"，现代零售业已超越单纯的商品交易功能，正转变为满足消费者多元化生活 需求的社区中心—— "胖"永辉对购物环境进行了系统性重塑。以盐城大有境店为例，空间设计上打破了传统超市的强制动 线，将货架高度统一降至1.6米，通道宽度扩展至3米以上，使卖场视野豁然开朗，提升了逛店时的自由 感与舒适度。全新配置的顾客休息区不仅提供桌椅、直饮水、微波炉，还增设了身高、血压测量仪等便 民设备，关照不同顾客群体的多元化需求。 1月23日，来自湖北的商超连锁超市品牌"悦活里"在南京的两家新店——河西金鹰世界店与江宁金鹰店 同时开业，现场 ...

整个商超行业，也在看着永 辉的选择，寻找自己的答案 出品｜虎嗅商业消费组 作者｜李佳琪 编辑｜苗正卿 题图｜Ai生成 2026年1月20日，永辉超市的2025年业绩预告，让整个零售行业再次将目光聚焦在这位昔日商超巨头身上： 归母净利润预亏21.4亿元，连续第五年亏损，亏损额同比扩大45.6%。 从2021年归母净亏39.44亿元，到2025年的21.4亿元，五年间永辉在亏损的泥潭里越陷越深，即便喊出"质 量增长"的口号、启动315家门店的"胖东来模式"调改，换来的却是超12亿元的转型成本、近90%的资产负 债率，以及悬在头顶的现金流危机。 当多个区域商超靠精细化调改实现盈利改善，当胖东来以13家门店创下200亿销售额零负债的成绩，永辉这 场全国性的"胖东来复刻运动"，为何成了一场越改越亏的局？是犯了抄作业只抄表面，没抄内核的"病"？ 还是永辉尚处在从"规模至上"到"质量增长"转型的水土不服中？ 五年亏超百亿 永辉的亏损，早已不是新鲜事。同花顺金融数据库的财报数据显示，2021-2024年，永辉归母净利润分别 为-39.44亿元、-27.63亿元、-13.29亿元、-14.65亿元，加上2025年预亏的21.4 ...