中百集团闭店止损 调改、转型能否改变颓势？

Core Viewpoint - Traditional retail companies are facing significant pressure, leading to store closures, adjustments, and transformations as a strategic response [1][4]. Group 1: Store Closures - Zhongbai Group announced the closure of 30 warehouse hypermarkets, with an estimated loss of approximately 180 million yuan due to these closures [2][3]. - As of December 4, 2025, Zhongbai had closed 30 warehouse hypermarkets, with reasons including long-term operational losses and contract expirations [2][3]. - The closures are part of a strategy to optimize the company's layout and improve overall operational quality [2][3]. Group 2: Financial Performance - Zhongbai Group reported revenues of 12.197 billion yuan, 11.639 billion yuan, and 10.381 billion yuan from 2022 to 2024, with corresponding losses of 351 million yuan, 322 million yuan, and 528 million yuan [3]. - In the first three quarters of 2025, Zhongbai achieved a revenue of 1.934 billion yuan, a year-on-year decline of 19.41%, alongside a loss of 325 million yuan [3]. - Factors contributing to the losses include increased competition from online retail, rising operational costs, and the impact of closing unprofitable stores [3]. Group 3: Industry Context - The traditional retail sector is under pressure from the rise of e-commerce, which has fundamentally changed the competitive landscape for essential goods [4]. - Other traditional retailers, such as Yonghui Supermarket, are also experiencing ongoing losses, indicating a broader trend in the industry [4]. Group 4: Transformation Efforts - Zhongbai Group is actively pursuing a transformation towards hard discount formats, launching 51 hard discount stores with a focus on quality and low prices [5]. - The company has completed adjustments to 14 warehouse formats and 55 community supermarket formats, resulting in increased customer visits [4][5]. - Experts suggest that the transition to hard discount formats leverages existing resources and brand advantages, although challenges remain in managing traditional operations while developing new formats [5][6].