Core Viewpoint - Guangbai Co., Ltd. (002187) primarily engages in retail business, including department stores, supermarkets, and electronics, along with online sales and the operation of commercial complexes and shopping centers [1] Group 1 - The company's main business includes offline and online sales of various product lines such as department store goods, groceries, and electronics [1] - The company also operates commercial complexes and shopping centers as part of its business model [1]

Core Viewpoint - The company reported a slight increase in total operating revenue for the first three quarters ending September 30, 2025, despite a decline in same-store sales [1] Financial Performance - Total operating revenue amounted to approximately 2.787 billion yuan, representing a year-on-year increase of 0.23% [1] - The profit attributable to the company's owners was approximately 23.38 million yuan, a significant improvement from a loss of 29.27 million yuan in the same period last year [1] - Same-store sales experienced a decline of 17.2% year-on-year [1] Revenue Drivers - The increase in total operating revenue was primarily driven by higher other income from lease modifications and terminations, as well as increased income from credit services [1] - This growth was partially offset by a decrease in self-operated sales and commissions from franchised counters [1]

新华财经东京11月20日电（记者刘春燕）受英伟达财报超预期刺激，日本东京股市两大股指20日明显上 涨。日经225种股票平均价格指数收盘上涨2.65%，东京证券交易所股票价格指数上涨1.66%。 由于美东时间19日盘后公布的英伟达财报超过投资者预期，带动英伟达股价盘后大涨，对日本市场形成 利好，20日早盘东京股市两大股指跳空高开，日经股指高开近600点。大盘随后快速上扬，东京电子、 爱德万测试、软银集团等科技大盘股强势反弹，带动日经股指一度涨超2000点。此前东京股市两大股指 连续四个交易日下跌也成为投资者当天逢低买入的背景。 在各板块股票普遍上涨的背景下，资生堂、三越伊势丹百货、高岛屋、宜得利家居、三丽鸥等入境游及 中国市场相关股票继续下跌，显得格外引人注目。分析人士指出，由于中日关系恶化，相关公司业绩前 景不透明，投资者对买入相关股票变得谨慎。 至收盘时，日经指数上涨1286.24点，收于49823.94点；东证指数上涨53.99点，收于3299.57点。 从板块来看，东京证券交易所33个行业板块大多上涨，有色金属、电气产品、证券及商品期货交易业、 机械等板块涨幅靠前，当天仅保险业和陆地运输业板块下跌。 （ ...

Core Insights - MINISO FRIENDS, the first themed store of MINISO in Changsha, focuses on creating an immersive shopping experience with 70 popular IP characters, transitioning from selling products to selling IPs [2][5] - The store features a modular design that allows customers to explore various IP-themed products in a mini amusement park setting, enhancing the overall shopping experience [3][5] Product Offering - The store offers a wide range of products, including plush toys and merchandise from popular IPs like Disney and Sanrio, as well as MINISO's original IP "Yuyou-chan," which has gained significant popularity since its launch [3][5] - The store layout is divided into two levels, with the basement focusing on IP and blind box products, while the second basement includes daily necessities and beauty products, catering to practical consumer needs [3][4] Strategic Expansion - MINISO is accelerating the expansion of its new store formats, including MINISO LAND, MINISO SPACE, and MINISO FRIENDS, with plans to open 25 to 30 new locations within the year, targeting core urban areas [6] - The company has partnered with over 150 global top-tier IPs and releases more than 10,000 new IP products annually, with cumulative sales of over 800 million IP products and a global sales scale exceeding 10 billion yuan [5][6] Market Trends - The interest economy in China is projected to reach 23,077.67 billion yuan in 2024, with expectations to surpass 45,000 billion yuan by 2029, indicating a shift towards experience-driven consumer decisions [6] - MINISO's CEO has emphasized the importance of deepening IP engagement to enhance brand influence both in China and globally, aligning with the trend of prioritizing emotional and social value in retail [6]

智通财经APP获悉，塔吉特(TGT.US)公布了第三季度财务业绩。该公司第三季度的盈利超过了分析师预 测的平均值，但关键的零售指标——同店销售额的增幅却低于预期。Q3营收同比下降1.4%至253亿美 元，与预期一致。非GAAP每股收益为1.78美元，高于预期。三季度同店销售额下降 2.7%，不及市场预 期的下降 2.1%的水平。 Q3营业利润下降了 18.9%，至 9 亿美元。若不计入一次性项目，营业利润为 11 亿美元。塔吉特的毛利 率下降了 10 个基点至 28.2%，这反映出由于降价幅度扩大而带来的商品销售压力，但这一压力部分被 广告及其他收入的增长、库存损失的降低以及供应链和数字配送效率的提升所抵消。 展望未来，塔吉特下调了 2025 年的利润预期，这表明其扭亏为盈的努力将需要更多时间，这家大型零 售企业正面临着商品降价以及关键商品领域需求疲软的局面。该公司目前预计，剔除某些项目后，今年 每股收益将在 7 美元至 8 美元之间，此前指引为7美元至9美元。 塔吉特在三季度回购了 1.52 亿美元股票，以平均每股 91.59 美元的价格注销了 170 万股普通股。截至三 季度末，塔吉特在 2021 年 8 ...

格隆汇11月19日｜塔吉特：第三季度毛利率为28.2%；净销售额为252.7亿美元，市场预估为253.3亿美 元；调整后每股收益为1.78美元，市场预估为1.73美元。预计全年调整后每股收益约为7至8美元，此前 预期约为7至9美元。 ...

Core Insights - The company has opened its first city duty-free store in Guangzhou, in collaboration with China Duty Free Group, marking a significant expansion in the duty-free retail sector [1] - The company currently operates 10 stores that offer immediate tax refund services for departing travelers, enhancing customer convenience [1] - The company is also a licensed retailer for the National Games merchandise, indicating its involvement in significant national events [1] Summary by Categories Company Developments - The new duty-free store is located on the first floor of the Friendship National Gold Store in Guangzhou and commenced operations on August 26, 2025 [1] - The company has established a centralized tax refund service point at its Beijing Road store, facilitating a city-wide tax refund service model [1] Industry Trends - The collaboration with China Duty Free Group represents a growing trend in the duty-free retail industry, particularly in urban areas [1] - The introduction of immediate tax refund services aligns with the increasing demand for convenience among travelers [1]

智通财经APP获悉，根据ADP Research周二发布的数据，截至11月1日的四周内，美国企业平均每周减少约 2500个就业岗位。这表明劳动力市场在10月下旬失去了一定的动力。 ADP于11月5日发布的月度就业报告显示，私人部门就业人数增加了42000人，此前连续两个月下降。 由于美国刚刚经历了历史上持续时间最长的政府停摆，官方就业数据发布延迟，ADP的劳动力市场快照有助 于弥补这一缺口。尽管官方统计机构的资金已经恢复，10月份的经济数据何时发布仍不明朗。 美国劳工统计局将于周四发布9月份就业报告，预计美国总就业人数较上月增加55,000人。ADP 的每周数据发 布前，已有多家大公司宣布当月裁员，包括亚马逊(AMZN.US)和塔吉特(TGT.US)。据挑战者企业的报告，今 年10月的计划裁员人数为过去二十多年中最高的10月数据。 劳工部网站公布的另一组数据显示，截至10月18日当周，首次申请失业救济金的人数为23.2万人，与9月中旬 的申请人数大致持平。 与此同时，美国民众对就业保障的担忧日益加剧。民意调查于10月23日至25日进行的一项调查显示，55%的 美国就业者担心失业。 ...

Core Points - The Tokyo stock market experienced a decline for three consecutive trading days, with the Nikkei 225 index falling by 3.22% and the Tokyo Stock Exchange index dropping by 2.88% on November 18 [1] - The decline was influenced by a comprehensive drop in the three major U.S. stock indices and rising investor concerns regarding the deterioration of China-Japan relations [1] - Major technology stocks, including SoftBank Group, Advantest, and Tokyo Electron, saw significant declines as investors adjusted their positions ahead of Nvidia's earnings report [1] Industry Summary - The retail sector, particularly companies reliant on inbound tourism, faced continued declines, with stocks such as Mitsukoshi Isetan, Takashimaya, and Daimaru Matsuzakaya Holdings falling [1] - Shiseido, which heavily depends on Chinese tourist spending, dropped by 9% on November 17 and further declined by 2.89% on November 18 [1] - All 33 industry sectors on the Tokyo Stock Exchange experienced declines, with non-ferrous metals, electrical products, and machinery sectors leading the downturn [1]

天眼查App显示，近日，吉安悠米邻舍百货有限公司成立，法定代表人为谢冬明，注册资本20万人民 币，经营范围为许可项目：食品销售，酒类经营，烟草制品零售（依法须经批准的项目，经相关部门批 准后在许可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为 准）一般项目：日用百货销售，日用品销售，供应链管理服务，企业会员积分管理服务，会议及展览服 务，品牌管理，非居住房地产租赁，市场营销策划，业务培训（不含教育培训、职业技能培训等需取得 许可的培训），农副产品销售，化妆品零售，互联网销售（除销售需要许可的商品），家政服务，箱包 销售，钟表销售，宠物食品及用品零售，新鲜水果零售，鞋帽零售，玩具、动漫及游艺用品销售，家具 零配件销售，家具销售，珠宝首饰零售，美发饰品销售，个人卫生用品销售，成人情趣用品销售（不含 药品、医疗器械），五金产品零售，食品销售（仅销售预包装食品），机械设备销售，食品互联网销售 （仅销售预包装食品），服装服饰零售，玩具销售，鲜蛋零售，食用农产品零售，水产品零售，新鲜蔬 菜批发，文具用品零售，保健食品（预包装）销售，第一类医疗器械销售（除依法须经批准的项目外， 凭营业执照依 ...