Core Viewpoint - The company, Xiangpiaopiao, is opening its first physical store in Hangzhou amidst declining performance, aiming to enhance brand experience and collect market feedback, but faces challenges in competing with established brands in the beverage sector [2][5][6]. Group 1: Store Opening and Strategy - Xiangpiaopiao is preparing to establish a physical store in Hangzhou, which will serve as a space for brand experience and consumer interaction, while also gathering market feedback for product development [5]. - The company has previously experimented with pop-up stores to promote new products, such as the "original leaf fresh milk tea" and Meco juice tea, which generated significant consumer interest [5][6]. - Despite the excitement around pop-up events, consumer experiences have been criticized for not meeting expectations, with long wait times leading to dissatisfaction [6]. Group 2: Financial Performance - In the previous year, Xiangpiaopiao reported revenue of 3.287 billion yuan, a year-on-year decline of 9.32%, with net profit dropping by 9.67% to 253 million yuan; the brewing business, a key revenue driver, saw a significant decline of 15.42% to 2.271 billion yuan [7]. - In the first half of this year, the company's revenue structure shifted, with ready-to-drink products, primarily Meco juice tea, generating 591 million yuan, surpassing brewing products for the first time [7]. - However, the shift to ready-to-drink products, which have lower profit margins, has increased operational pressure, leading to a net loss of approximately 97.39 million yuan in the first half of the year, a dramatic year-on-year decline of 230.13% [9].
快闪店排队2小时只泡茶包遭吐槽后 香飘飘把首店开在杭州大悦城