11 月 25日，德国百年连锁超市品牌奥乐齐（ALDI）官宣入驻南京华贸中心。 南京华贸中心，位于城市"黄金中轴"中央路，坐拥玄武湖与明城墙之间，落位百年湖南路商圈之核，是主城内唯一新增的城市级高端综合体。涵盖超甲级 写字楼、精品购物中心、街区商业、国际公寓、酒店、控保建筑、艺术展厅等复合功能空间。 项目秉承华贸集团"对城市负责、对社会负责、对历史负责"的开发理念，融合北京华贸、上海华贸等标杆经验，在南京以更具时代精神的方式实现城市功 能进阶与生活方式的重塑。通过 "文商旅一体化 + 全业态沉浸体验 + 精神内容共创" 的复合模型，南京华贸中心正成为连接城市文脉、激活消费想象的世 界级都会地标。 此次合作将融合奥乐齐"品质生活，触手可及"的品牌理念与南京华贸中心的区位优势，为南京消费者提供更便捷、优质的商品与服务。 奥乐齐（ALDI） 奥乐齐（ALDI）始于1913年，源自德国，是全球领先的连锁硬折扣社区超市，也是率先开拓自有品牌模式的零售商之一，业务遍及全球四大洲。 2019年，奥乐齐将硬折扣模式带入中国市场，并始终秉持"好品质，够低价"的核心理念，主张0会员费，为消费者提供满足一日三餐需求、天天低价、具 ...

Group 1 - The Chinese government is enhancing the business environment, making it easier for companies to operate, as evidenced by the reduction in time to open a restaurant from 37 days to 15 days and the simplification of required documents from 23 to 6 [1][3] - The integration of a national online government service platform has standardized 521 million service items and over 36,000 high-frequency service applications by mid-2023 [1] - Companies like Metro and Schneider Electric are expanding their operations in China, indicating confidence in the supportive policies and improved business conditions [3][4] Group 2 - The "14th Five-Year Plan" aims to create a market-oriented, law-based, and international business environment, promoting a balance between flexibility and regulation in economic order [8] - China has maintained its position as the world's second-largest import market for 16 consecutive years, with imports expected to exceed $15 trillion during the "14th Five-Year Plan" period [7] - Recent improvements in the approval process for foreign investment have led to record speeds in the qualification and onboarding of foreign investors, indicating a seamless transition from entry to operation [10]

这8家门店分别是东城区光明楼店、西城区三里河店、密云区鼓楼店、丰台区玉蜓桥店、门头沟区冯村 店、昌平区西关店、大兴区泰河园店和枣园店。其中，东城区光明楼店和门头沟区冯村店是各自所在城 区落地的首家调改门店。 随着上述8家门店开业，北京将累计开设47家"胖物美"超市，实现了北京16个区全覆盖。 北京商报讯(记者王维祎)11月26日，北京商报记者从物美了解到，在11月26日至28日期间，物美超市位 于北京7个城区的8家门店，在集中完成"学习胖东来自主调改"后重装开业。 ...

11月26日，京东折扣超市宿豫庐山城市之家店开业，开业当天，现场挤满了慕名而来的顾客。 作为全国首家大型折扣超市业态，京东折扣超市自今年8月亮相河北涿州后，持续拓展线下布局。作为京东折扣超市在宿迁的第5家门店，宿豫庐山城市之 家店的开业，标志着宿迁"三县两区"全域覆盖落地完成。 此次新开的庐山城市之家店，营业面积约5000平方米，首次采用双层卖场设计：一层涵盖酒水饮料、休闲零食、洗化用品等日常快消品；二层汇聚了生鲜 蔬果、肉品水产、热食加工和烘焙等美食。超5000款精选商品，价格普遍低于市场常规售价，全面满足消费者家庭日常、周末扫货、节日聚餐等一站式购 物需求。 开业现场，来自深海的冰鲜三文鱼新品首发，通过京东超级供应链实现整鱼原装空运，全程控温保鲜，到店后鲜切现卖，消费者可免费试吃，售价仅79 元/斤，吸引了大量消费者驻足选购。 在京东折扣超市，消费者还能买到七鲜、京鲜舫等多款京东自有品牌商品。 不仅如此，依托京东产地直采与高效供应链体系，京东折扣超市大幅缩减中间环节与流通成本，从源头确保商品价格处于市场低位，多款好吃又便宜的爆 品，引发消费者抢购。 业内人士指出，京东折扣超市宿豫店的开业，不仅是京东线下零 ...

每经记者｜丁舟洋 王帆 每经编辑｜王帆 11月17日，沃尔玛宣布旗下自有品牌沃集鲜焕新升级，官宣全新的品牌理念"简单为鲜，沃集鲜"，并推 出和升级近千款商品。作为山姆的兄弟公司，沃尔玛本次升级自有品牌，是和山姆抢食吗？更低的价 格，是否要打造平价版山姆？ ...

Core Insights - The retail sector is actively promoting the "hot pot season" to capitalize on consumer demand for home dining experiences, with significant sales increases reported by major supermarkets [1][5] - Various supermarkets are focusing on different aspects of the hot pot experience, such as meat products, regional flavors, and one-stop shopping convenience [2][4] Group 1: Sales Performance - Yonghui Supermarket reported over 50% year-on-year growth in sales of beef and lamb products in October, driven by their "Hot Pot Season" campaign [1][5] - Metro's hot pot-related products saw sales increase by nearly 200% compared to the same period last year, highlighting the effectiveness of their promotional strategies [5][6] Group 2: Product Offerings - Zhongbai Supermarket introduced a new autumn and winter meat series, featuring fresh cuts of lamb and a variety of hot pot ingredients [2] - Metro launched over 400 hot pot-related products, covering various regional flavors, including the popular Guizhou sour soup [2][3] Group 3: Consumer Engagement - Supermarkets are enhancing customer experience by offering free tastings, cooking demonstrations, and dedicated hot pot ingredient sections [1][3] - The trend of "lazy economy" is being leveraged, as consumers prefer the cost-effectiveness of preparing hot pot at home compared to dining out [5] Group 4: Marketing Strategies - Discounts and promotions are being utilized, such as Metro's "3 items at 12% off" offer and various limited-time discounts on hot pot ingredients [4] - Supermarkets are creating a one-stop shopping experience by bundling hot pot essentials, including sauces, meats, and vegetables, to attract consumers [4][5]

2025年11月11日，银川首家"胖改店"——物美超市阅彩城店正式开业，当天上午九点，顾客们纷纷涌入 卖场，在烘焙、鲜食和胖东来自主品牌专区前驻足挑选。 这家看似普通的超市，实则是银川借鉴胖东来经营模式的"学习胖东来自主调改店"（简称"胖改店"）之 一。从9月19日吴忠万达店开业头两天客流量超5万人次，到如今银川"胖改店"陆续亮相，这种新型零售 形态正悄然改变着宁夏的消费市场格局，也为整个零售行业带来了深刻启示。 "胖东来模式"并非简单形式模仿，而是回归商业本心，致力于构建与消费者之间牢固的信任桥梁。在消 费增长放缓的今天，这种经营理念的转变尤为可贵。 图据宁夏新闻网 走进银川胖改店，9.9元、19.9元的鲜切花专区首先带来清新气息。这一胖东来标志性场景的引入，为购 物增添了仪式感，让超市不再是单纯的采购场所，更成为感受鲜活生活气息的空间。 "我们还是新手，服务不周，但在努力"的暖心提示，悬挂在熟食区柜台。这样真诚的表达，与传统商超 中过度营销形成鲜明对比。 胖东来模式之所以成功，还因为员工的幸福感直接关系到消费者的体验感。在员工待遇普遍不佳的零售 行业，胖东来却将50%的股份分给了基层员工，40%的股权分给 ...

Core Points - The company will hold a Q3 2025 earnings presentation on December 2, 2025, from 09:00 to 10:00 [2][3] - The presentation will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][4] - Investors can submit questions from November 25 to December 1, 2025, and the company will address common concerns during the presentation [2][4][5] Meeting Details - The meeting will be led by key personnel including the CEO, CFO, independent director, and board secretary [4] - Investors can participate online via the Shanghai Stock Exchange Roadshow Center [4][5] - Contact information for inquiries includes a phone number and email address for investor relations [6]

Core Insights - Walmart Group reported strong financial results for Q3 of FY2026, with total revenue reaching $179.5 billion, a year-on-year increase of 5.8% [1] - Walmart China led global growth with net sales of $6.1 billion, up 21.8%, and comparable sales growth of 13.8% [1][3] - E-commerce sales grew by 32%, accounting for over 50% of total sales, becoming a key driver of growth for the group [1] Revenue and Profit Performance - Total revenue for Q3 was $179.5 billion, with a 5.8% year-on-year increase; adjusted operating profit was $7.2 billion, up 8.0% [1] - Membership fee income globally increased by 16.7%, with international markets seeing a 34% rise, largely due to the expansion of Sam's Club in China [3] Sam's Club Expansion and Challenges - Sam's Club is identified as the strongest growth engine for Walmart in China, with plans to open 10 new stores in 2025, significantly increasing from the previous rate of 6-7 stores per year [6] - Despite rapid expansion, Sam's Club faces challenges including product selection issues and quality control crises, which have led to customer complaints [6][9] - Recent management changes have raised concerns among members about the potential dilution of quality and brand integrity [9][10] Strategic Restructuring and Community Stores - Walmart is undergoing a strategic restructuring to address the decline of traditional hypermarkets, with a focus on community stores to capture the market left by shrinking big-box stores [11][12] - Community stores are characterized by smaller sizes (around 500 square meters) and a focus on high-frequency shopping needs, aiming to be within a 10-minute walking distance for consumers [12] - The new community store strategy is complemented by the upgrade of Walmart's private label "沃集鲜," which aims to provide high-quality products at stable prices [16][17] Competitive Landscape and Future Outlook - The dual strategy of rapid expansion of Sam's Club and the transformation of Walmart supermarkets is seen as a dual engine for growth in the Chinese market [17] - The competitive landscape remains challenging with rivals like Hema and Ole' accelerating their market presence, necessitating Walmart to address quality control and brand perception issues [17]

Group 1 - Hema has launched the "Co-creation and Symbiosis" plan to support 10 partners with annual sales exceeding 1 billion yuan and help 100 suppliers achieve threefold growth over the next three years [1] - The plan leverages Hema's nationwide supply chain network and AI decision-making platform to create products focused on health, convenience, and self-indulgence [1] - Hema currently operates nearly 500 fresh stores and 350 Super Hema stores, with an upgraded online platform for nationwide coverage [1] Group 2 - JD Seven Fresh's strawberry box cake has seen a 200% increase in sales within two weeks of launch, becoming the top seller in the baking category [3] - The cake features 16 direct-sourced strawberries and a reduced sugar content, appealing to health-conscious consumers [3] - JD Seven Fresh is shifting the baking industry focus from "traffic hits" to "quality longevity" by utilizing supply chain advantages and user insights [3] Group 3 - Super Hema NB has officially opened its franchise application channel, with the first batch of cities including Shanghai, Hangzhou, Jiaxing, and Huzhou [5] - The annual franchise fee is set at 50,000 yuan, excluding store renovation and equipment costs [5] - Franchisees are required to select locations in large residential communities or mature business districts, with store sizes ranging from 500 to 650 square meters [5] Group 4 - Fudi, a local membership-based retail brand, has partnered with JD for strategic cooperation, allowing its products to be available on JD's instant delivery platform [9] - Starting November 26, users can access Fudi's store on JD App for delivery within 30 minutes [9] - Fudi currently has over 200 million registered members and around 20 million paid members, with each store offering over 4,000 products [9] Group 5 - Luckin Coffee has surpassed 10,000 global stores, achieving its target ahead of schedule [10] - The brand has accelerated its expansion in first and second-tier cities, doubling its store count since 2024 [10] Group 6 - Taobao now hosts over 30,000 intangible cultural heritage brands, with nearly 90 million related products [11] - The sales of intangible cultural heritage products have exceeded 100 billion yuan for two consecutive years, with a stable double-digit growth rate [11] - Young consumers aged 18-24 have become the main force in intangible cultural heritage consumption, with their proportion increasing by 10% year-on-year [11] Group 7 - South Dairy has resumed its listing review on the Beijing Stock Exchange, facing a second round of inquiries regarding market position and R&D expenses [16] - The company's 2024 growth rate is expected to slow, with 2025's net profit increase relying on improved gross margins and reduced asset disposal losses [16] Group 8 - Walmart reported a record revenue of $179.5 billion for Q3 2026, with a 5.8% year-on-year increase [22] - The China market showed strong performance, with net sales reaching $6.1 billion (approximately 43.4 billion yuan), a 21.8% increase year-on-year [22] - E-commerce sales in China grew by over 30%, accounting for more than 50% of total sales [22]