4元卖4店！苏宁易购“白菜价”甩卖家乐福：手握万店押注3C赛道重找线下掌控力

Core Viewpoint - Suning.com is divesting its stake in four Carrefour stores for a nominal price of 4 RMB, highlighting the challenges faced in the retail sector and the company's shift back to its core business of home appliances [2][4][6]. Group 1: Transaction Details - Suning.com announced the sale of 100% equity in Carrefour stores in Ningbo, Hangzhou, Zhuzhou, and Shenyang for 1 RMB each, resulting in these stores being excluded from its consolidated financial statements [2][3]. - The buyer is a newly established company, Shanghai Jiafu Qishi Enterprise Service Partnership, which is controlled by Youan Law Firm and is involved in debt restructuring [3][4]. Group 2: Financial Context - The four Carrefour stores have accumulated a total debt of approximately 1.76 billion RMB, with individual debts of 162 million RMB for Ningbo, 438 million RMB for Hangzhou, 100 million RMB for Zhuzhou, and over 1.06 billion RMB for Shenyang [4]. - As of the end of Q1 2023, these Carrefour stores had ceased operations and were classified as untrustworthy debtors [4]. Group 3: Strategic Shift - Suning.com is refocusing on its core business of home appliances and is streamlining non-core business units, which includes the divestiture of Carrefour [6][9]. - The company had previously acquired an 80% stake in Carrefour China for 4.8 billion RMB in 2019, but the retail environment has since deteriorated, leading to significant operational challenges [6][7]. Group 4: Market Performance - In 2023, only four Carrefour stores remain operational in China, indicating a drastic reduction from the 210 stores at the time of acquisition [5][6]. - Suning.com reported a revenue of 567.91 billion RMB in the previous year, with a net profit of 6.12 billion RMB, marking its first annual profit since 2020 [9][10]. Group 5: Industry Challenges - The retail sector, particularly supermarkets, is facing significant pressure due to changing consumer behaviors and external market conditions [4][6]. - Analysts suggest that the operational models of home appliances and supermarkets conflict, complicating Suning's expansion into unfamiliar retail sectors [7][10].