6月15日，沃尔玛南昌象湖店发布公告宣布，将于2025年7月16日起停止营业。这一公告标志着沃尔玛在南昌长达22年的经营即将画上句号，也引发了人们 对于零售行业变迁的诸多思考。 近年来，随着电商的迅猛发展以及消费者购物习惯的改变，传统零售业面临着巨大的挑战。沃尔玛作为全球知名的零售巨头，也在不断调整战略以适应市 场变化。 而在6月15日同一时间，美国那边，沃尔玛还宣布了将无人机宅配服务扩展至亚特兰大、夏洛特、休斯敦、奥兰多和坦帕的100个新网点的消息，通过与谷 歌母公司"字母表"公司旗下无人机供应商飞翔无人机公司合作，进一步扩大其在物流配送领域的优势。 1996年，沃尔玛进入中国，凭借大卖场模式和低价策略迅速扩张，成为中国零售市场的重要参与者。然而，近年来沃尔玛大卖场在中国的发展却陷入困 境。 以南昌为例，沃尔玛曾在南昌布局7家大卖场，但从2019年开始，这些门店陆续关闭，到2025年7月象湖店停业后，南昌仅剩1家山姆会员店。 不仅仅是南昌，从全国范围来看，沃尔玛大卖场的关店潮是一个明显的趋势。财报数据显示，2020财年到2025财年，沃尔玛中国大卖场门店数从412家减 少到283家，2026财年第一季度又减 ...

今天分享的是：2025年全球零售力量报告-德勤 报告共计：87页 德勤《2025年全球零售力量报告》聚焦全球零售行业发展态势，揭示行业在挑战中通过技术创新、效率优化与模式变革寻求突 破的核心逻辑。 2023财年，全球零售250强企业零售收入达6.03万亿美元，同比增长3.6%，净利润率3.7%。其中，多元化产品领域以6.3%的五年 复合增长率居首，服装与配饰行业净利润率达9.8%。沃尔玛、亚马逊等头部企业通过AI技术提升运营效率，如沃尔玛利用生成 式AI优化超8.5亿条产品数据，亚马逊推出Sequoia机器人系统提升库存效率75%。 报告指出四大趋势重塑行业格局。一是战略性运营效率成为核心，企业借助自动化与供应链优化降本增效，如家得宝引入谷歌 云AI技术改善库存管理，Kroger与Ocado合作升级自动化履约中心。二是AI驱动技术转型加速，生成式AI被广泛应用于个性化推 荐与内容创作，Shein、Coupang等企业依托算法实现年均超40%的收入增长。三是可持续发展从理念转为实践，沃尔玛提前六年 完成"兆吨计划"，Aldi取消塑料购物袋并推动包装100%可回收。四是替代收入来源拓展，零售媒体网络规模2025年 ...

Core Insights - Retail giants like Walmart and Amazon are exploring the issuance of their own stablecoins to challenge traditional payment networks like Visa and Mastercard, driven by the desire to reduce transaction fees and improve settlement times [1][2] - The motivation behind these companies' interest in stablecoins is not merely to embrace cryptocurrency innovation, but to gain leverage in negotiations with payment processors and potentially bypass traditional payment systems altogether [1][2] Group 1: Retail Giants' Initiatives - Walmart is leading in the pay-by-bank sector, allowing direct payments from bank accounts to merchants without credit or debit cards, and has lobbied for increased competition in the credit card industry [2] - Amazon is in the early stages of discussions about launching its own token for online shopping, while also considering the use of external stablecoins through merchant alliances [2] - The GENIUS Act, which aims to establish a regulatory framework for stablecoins, is being pushed by merchant payment alliances to provide an alternative payment method that could significantly lower costs for merchants [2] Group 2: Traditional Payment Networks' Response - Visa and Mastercard are positioning themselves as key infrastructure providers for the stablecoin ecosystem, with Visa launching a platform to help banks issue fiat-backed tokens and collaborating with Stripe to allow businesses to offer credit cards linked to stablecoins [3] - Mastercard is enhancing support for stablecoin settlements for merchants, emphasizing the importance of providing choices to consumers and businesses in a rapidly changing environment [3] Group 3: Other Participants in the Payment Ecosystem - Shopify has announced that it will allow merchants on its platform to accept stablecoin payments, supported by Stripe and Coinbase [4] Group 4: Consumer Acceptance Challenges - Convincing consumers to abandon their credit card habits in favor of stablecoins presents a significant challenge, as the benefits of stablecoins may not be immediately apparent to consumers [5] - The requirement for consumers to set up cryptocurrency wallets adds friction to the purchasing experience, and consumers need to see clear advantages over traditional credit cards, especially those offering rewards [5] - Historical attempts to promote alternative payment systems, such as the merchant customer exchange system supported by major retailers, have faced challenges and slow adoption [5]

Summary of Key Points from Conference Call Records Company: Adobe (ADBE) Financial Performance - **Net-new Digital Media ARR**: $460 million, roughly in line with expectations [3] - **Revenue**: $5.87 billion, up 11% year-over-year, exceeding market expectations of $5.80 billion (9% year-over-year) [3] - **Non-GAAP EPS**: $5.06, up 13% year-over-year, compared to Street's expectation of $4.98 (11% year-over-year) [3] - **Digital Media Revenue**: $4.35 billion, 12% year-over-year growth, surpassing Street's expectation of $4.29 billion [3] - **Digital Experience Revenue**: $1.46 billion, 10% year-over-year growth, slightly above Street's expectation of $1.44 billion [3] - **Non-GAAP Operating Margin**: 45.5%, compared to Street's expectation of 45.1% [3] Guidance - **F3Q Revenue Guidance**: $5.875 billion to $5.925 billion (mid-point 9.5% year-over-year) vs. Street's expectation of $5.88 billion [4] - **Full-Year Revenue Guidance**: Raised to $23.50 billion to $23.60 billion, slightly above consensus [4] Market Sentiment - **Bullish Perspective**: Advocates argue that Adobe's AI initiatives are beginning to generate real revenue, with Firefly and Express enterprise traction indicating potential for pricing leverage. The stock trades at a ~40% discount to large-cap software peers, with management confident in double-digit revenue growth and mid-40s margins [5] - **Bearish Perspective**: Critics point out that core growth is slowing, with net-new ARR down 6% year-over-year. Concerns include AI monetization challenges, rising operational expenses, and competition from Canva and Meta. The FY-25 guidance is seen as merely FX-aided rather than indicative of demand improvement [6] Company: Apple (AAPL) Market Performance - **iPhone and iPad Demand**: Morgan Stanley anticipates a surge in June revenue by up to $4 billion due to strong sales in China, driven by promotions and subsidies [8][9] - **Production in China**: iPhone builds are expected to rise by 19% year-over-year, while iPad builds are projected to increase by 38% year-over-year [8][9] - **Global Sales Growth**: iPhone sales in China reached the top spot in May, with global sales growing 15% year-over-year during April and May [10][11] Strategic Developments - **Siri AI Upgrade**: Apple plans to release a delayed upgrade for Siri in Spring 2026, which will enhance its capabilities by utilizing consumer data [12][13] Company: Tesla (TSLA) Market Outlook - **Guggenheim's Position**: The firm reiterated a Sell rating, citing deteriorating fundamentals despite short-term enthusiasm around robotaxi narratives. Q2 delivery trends are soft, with a forecast of only 360,000 deliveries, significantly below the consensus of 415,000 [20] - **Model S and X Updates**: Tesla has upgraded its Model S and X vehicles in the U.S., raising prices by $5,000 [21] Company: Zscaler (ZS) Analyst Upgrade - **Wells Fargo Upgrade**: The firm upgraded ZS to Overweight, raising the price target to $385, citing accelerating growth and margin expansion potential. Zscaler is on track to reach $5 billion in ARR by FY27 [16] Company: Oracle (ORCL) Analyst Upgrade - **BMO Upgrade**: BMO Capital upgraded Oracle to Outperform, raising the price target to $235, driven by strong results and confidence in FY26 growth [17] Company: DocuSign (DOCU) Analyst Upgrade - **Wells Fargo Upgrade**: The firm upgraded DOCU to Equal Weight, raising the price target to $80, citing a more reasonable valuation following underwhelming Q1 results [18] Industry Insights - **Chinese Robotics Leadership**: Morgan Stanley highlights China's rapid advancement in robotics, driven by structural advantages and long-term strategies, including dominance in rare earths and government support [36][37] Other Notable Developments - **Walmart and Amazon**: Both companies are exploring the issuance of their own stablecoins, potentially disrupting traditional financial systems [27][28][29]

Group 1 - JD MALL opened a new store in Wuhan, marking the second location in the city, with plans for a third store by the end of the year, indicating a strong retail presence in Wuhan [1] - Wuhan has been selected as one of the first 38 pilot cities for retail innovation, highlighting its importance in the national retail landscape [4][6] - The retail sector is crucial for the economy, serving as a bridge between production and consumption, and significantly impacting consumer satisfaction and market vitality [4] Group 2 - By 2029, the goal is to establish a modern retail system characterized by diverse supply, balanced distribution, quality service, and sustainability [6] - Wuhan's selection as a pilot city is attributed to its strong commercial foundation and rising consumer spending, with a projected retail sales growth of 5.3% in 2024, the highest among 19 major cities [8][10] - The city is actively exploring innovative retail models, creating a blend of fashion, themed experiences, and cultural engagement to enhance consumer experiences [10][11] Group 3 - Recent events, such as the HOCH Burger Festival, have demonstrated the vibrant consumer culture in Wuhan, generating significant sales and foot traffic [11] - High-end retail brands like Sam's Club and Olé Supermarket are expanding in Wuhan, reflecting a trend towards quality and experiential shopping [14] - The retail innovation initiative emphasizes improving product quality and consumer experience, aligning with the evolving demands of Wuhan's consumers [14][15]

Group 1 - Wang Yi, China's Foreign Minister, condemned Israel's attacks on Iran, emphasizing support for Iran's sovereignty and urging international efforts for peace [4] - Wang Yi also communicated with Israel's Foreign Minister, stressing the need to avoid escalation and return to diplomatic solutions regarding the Iran nuclear issue [4] - The U.S. is highlighted as the largest service trade surplus country, with a projected surplus nearing $300 billion in 2024, while the narrative of "reciprocal tariffs" is criticized as misleading [5] Group 2 - Guangzhou has fully lifted its 15-year housing market controls, including purchase, sale, and price restrictions, marking a significant policy shift [6] - The city aims to reduce housing inventory and improve the housing market by accelerating urban village renovations and facilitating the purchase of existing homes for relocation [6] Group 3 - China's first invasive brain-machine interface clinical trial has been successfully conducted, positioning the country as the second globally to enter this phase [6] - The successful launch of the "Zhang Heng No. 02" satellite enhances China's capabilities in geophysical field observation and disaster monitoring [6] Group 4 - The China Securities Regulatory Commission imposed a fine of nearly 77 million yuan on stock manipulator Tu Wenbin, who illegally profited over 36 million yuan through various trading tactics [7] - Tu Wenbin is noted as a prominent figure in the market, previously involved with several companies as a major shareholder [7] Group 5 - JD.com opened its second JD Mall in Beijing, featuring a variety of products and interactive robots, showcasing the retail sector's shift towards technology and consumer engagement [13][14] - Walmart and Amazon are exploring the issuance of their own stablecoins to reduce transaction fees and improve payment efficiency, potentially disrupting traditional payment systems [15] Group 6 - Baidu launched a large-scale recruitment initiative for AI talent, expanding its hiring by over 60% compared to previous years, indicating a strong commitment to AI development [16] - Pop Mart has temporarily suspended offline sales of LABUBU plush toys in South Korea due to safety concerns, reflecting the company's focus on consumer trust and safety [18] Group 7 - GAC Group committed to ensuring the completion of dealer rebates within two months, aiming to alleviate financial pressures on dealers and promote healthy industry development [20] - The company is responding to industry calls for better practices and support within the automotive sector [20]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - Walmart Inc is facing potential backlash from Trump supporters due to actions taken by Christy Walton, an heiress of the company's founding family, who funded an ad for the "No Kings" movement that protests against Trump [1][2][6]. Group 1: Company Actions and Reactions - Walmart has been in conflict with the Trump administration over tariffs and the ability to communicate cost increases to consumers [1]. - The company has distanced itself from Christy Walton's advertisement, stating that it is not connected to or endorsed by Walmart [10]. - A Walmart spokesperson emphasized that Walton has no active role in company decisions [11]. Group 2: Impact on Customer Base - Christy Walton's involvement in the "No Kings" movement could alienate a segment of Walmart's customer base, particularly in rural areas that have historically supported Trump [11]. - There are calls from Trump allies for a boycott of Walmart, which could negatively impact sales [8][10]. Group 3: Financial Context - Christy Walton holds a 1.9% stake in Walmart and has a net worth of $18.6 billion, ranking her 117th among the world's billionaires [6][7]. - Walmart's stock closed down 1.01% to $94.83, with a year-to-date increase of 5.4% in 2025 [12].

以下文章来源于赢商网 ，作者李玉玲 赢商网 . 这里有你需要的零售商业地产行业资讯、深度分析、知识和数据 来源丨赢商网（ID：winshang） 作者丨李玉玲 编辑丨熊舒苗 付庆荣 图源丨赢商网拍摄 品牌闭店潮，此起彼伏。 据赢商网不完全统计，今年 1-3月又有超过40家典型品牌进行闭店。 Gucci上海关2店、 茑屋书店 连撤 2店、永辉超市90天关273家店等消息，不断引发热议。 图源： 永辉超市 其中， 【永辉超市】 闭店最为激进，一季度门店数量较去年同期锐减 273家，2025 年计划关闭 200 -350家效益不佳的门店； 【永旺超市】 因财务亏损和租金压力 无奈 关闭部分门店； 【沃尔 玛】 一季度关了 3 家门店，过去五年其中国卖场门店总数减少了123 家；即将退市的 【人人乐】 一季度亏损7962万元，门店数量从巅峰时期的超百家缩水至仅剩32家。 困境之下，超市行业求变， 引入 "胖东来模式"成为流行解法 。 【永辉超市】 动作迅速，截至 今年 6 月13日已完成 100 家门店调改，计划 2025 年调改门店达 200 家左右，2026 年完成所有存量门 店调整 。【 物美超市】积极跟进，首 ...

Core Insights - The article presents a ranking of the world's wealthiest individuals, highlighting their net worth and changes over a specific period. Group 1: Wealth Rankings - Elon Musk leads the list with a net worth of $411.4 billion, experiencing an increase of $1.91 million (0.05%) [1] - Mark Zuckerberg ranks second with a net worth of $239.6 billion, down by $28 million (-1.16%) [1] - Jeff Bezos follows in third place with a net worth of $227.8 billion, decreasing by $40 million (-1.73%) [1] - Larry Ellison is fourth with a net worth of $217.1 billion, down by $12 million (-0.54%) [1] - Warren Buffett ranks fifth with a net worth of $152.3 billion, decreasing by $8.01 million (-0.52%) [1] Group 2: Additional Notable Figures - Larry Page has a net worth of $146.9 billion, down by $9.59 million (-0.65%) [1] - The Bernard Arnault family is valued at $142.3 billion, decreasing by $12 million (-0.81%) [1] - Sergey Brin's net worth stands at $140.4 billion, down by $8.97 million (-0.64%) [1] - Steve Ballmer has a net worth of $135.7 billion, increasing by $3.79 million (0.28%) [1] - Jensen Huang is valued at $124.6 billion, decreasing by $9.73 million (-0.77%) [1]