居民马阿姨2003年搬到天通苑，她告诉记者，自己本身就对这座家门口的"老物美"很有感情，"之前一 段时间以为超市要改名字了，心里还觉得有点空落落的，进来一看才知道，还是老品牌。"她说，"胖 改"后的超市购物体验不错，特别是各种试吃，"能提前了解口味，不至于买错了放家里浪费。而且服务 台也挺好，洗个手、量个血压，都挺方便的。" 记者了解到，本次改造后的天通苑店，还引入了多点AI技术，应用在出清、选品、补货、防损、巡 检、冷链智控等环节。其中，AI出清系统实现按商品生产时间动态定价，例如，果切在切好装盒4小时 后打8折、6小时后打6折、8小时后下架。冷链智控系统24小时监测冷柜温湿度，异常状态自动预警，保 障低温商品存储安全；智能防损系统则可以通过视频分析实时识别异常行为，并及时进行处理，从而提 升食品质量保障，确保口感新鲜，安全放心。 新京报讯（记者田杰雄）今天（8月8日），物美在昌平区的首家"胖改店"亮相天通苑国泰百货。记者获 悉，这是物美在北京的第三家"胖改店"，"胖改"后，门店商品结构将接近胖东来商品结构的80%，商品 数量精简至约1万件，其中超过70%为新增商品。 8月8日一大早，昌平天通苑地区下着淅淅 ...

自去年以来，国内零售行业掀起了一阵调改之风。 根据中国连锁经营协会(CCFA)对全国47家超市企业的调研数据，有四分之三的超市企业尝试了调改， 其中75%的调改超市门店销售额实现了不同程度的增长。在业内看来，永辉已将经过胖东来模式调改后 的门店称之为"胖永辉"。记者从永辉超市获悉，根据规划2025年永辉超市门店调改目标将持续加码，计 划于今年9月底突破208家，于2026年农历春节前完成300家门店调改。 而在近日，永辉超市发布2025年度A股定增预案。公告显示，公司拟向不超过35名特定对象发行A股股 票，募集资金总额不超过39.92亿元。在扣除发行费用后的净额将用于门店升级改造项目、物流仓储升 级改造项目、补充流动资金或偿还银行贷款。 永辉超市表示，近年来随着零售行业竞争的持续加剧以及消费者对于场景体验、产品品质要求的不断提 升，品质消费正逐步重构零售生态。2024年公司主动寻求变革，以"品质零售"为核心启动战略转型，全 面学习胖东来模式调改门店及组织转型。 而就在日前胖东来也公布最新经营数据。数据显示，胖东来2025年7月销售额达16.66亿元，今年1—7月 累计销售额133.86亿元。按此计算，日均销售 ...

8月8日，永辉超市2025新疆水果节正式启动，在全国门店同步上新多款从新疆原产地直采的特色鲜果。 永辉超市副总裁兼首席产品官佘咸平表示，永辉超市采取"产地直采"模式，直接对接新疆优质合作社和 种植基地，通过高效的全程冷链物流直达全国门店。"未来三年，永辉超市将采购不少于30亿元的新疆 产品。" 同日，永辉超市深圳市龙岗区首家胖东来模式调改店——星河WORLD·COCO Park店正式开业。此次调 改店焕新升级，主要聚焦商品力、服务力和员工力三大核心领域，延续了永辉超市不收会员费、商品小 包装的模式。 永辉超市相关人士表示，未来，永辉超市将持续深耕商品、服务和供应链，探索更优质的零售融合模 式。根据规划，永辉超市门店调改目标计划在今年9月底前达到208家，在2026年农历春节前达到300 家。 （文章来源：上海证券报） ...

Core Insights - Hema is undergoing significant changes, including the closure of all membership stores, indicating a shift in its business strategy [1][2] - The new CEO, Yan Xiaolei, is focusing on core business areas, specifically Hema Fresh and Hema NB, moving away from the previous exploratory approach [1][8] - Hema aims to achieve an annual GMV of 100 billion yuan within three years, reflecting its ambition for growth and market expansion [8] Business Strategy - Hema has confirmed the closure of its membership stores, with the last remaining store set to close by August 31, 2024 [1][2] - The decision to close membership stores aligns with Hema's strategy to concentrate resources on its main business lines, Hema Fresh and Hema NB [6][8] - The membership fee for Hema X members was 258 yuan per year, with a discount for continuous subscriptions, but the company is now shifting away from this model [2][3] Market Position - Hema's membership store model was initially inspired by successful international counterparts like Costco, but the company is now pivoting to a more traditional retail approach [6][7] - The company has reported a GMV exceeding 75 billion yuan for the fiscal year 2025, marking its first positive adjusted EBITDA [7][8] - Hema is expanding its footprint in lower-tier cities, with plans to open numerous Hema Fresh stores, indicating a strategy to penetrate deeper into the market [8] Competitive Landscape - Hema faces increasing competition in the hard discount sector, with new entrants like JD and Wumart launching similar store formats [9] - The integration of Hema's membership system with Alibaba's Taobao platform is expected to enhance its market presence and customer engagement [9] - The evolving retail landscape necessitates that Hema not only scales its operations but also strengthens its internal capabilities to maintain consumer loyalty [9]

过去十年，盒马以独特的商业模式重构了国内零售行业版图。阿里巴巴集团2025财年年报显示，盒马首 次实现全年盈利，盒马鲜生业态运营超过420家门店。在今年7月发布的《2024年中国超市百强榜单》 中，盒马以750亿元的年销售额名列前三。 针对盒马闭店传闻，盒马直接予以辟谣。盒马方面表示，去年开始，盒马对一些探索型业务进行了调 整，陆续关闭了10家X会员店，这些调整的门店占盒马总门店数不到2%。同时，主力业态盒马鲜生保 持快速扩张。 8月7日，盒马公布了最新开店计划：盒马鲜生将保持快速扩张，财年内目标开出100家新店，届时盒马 门店数将超过500家。 (家电网® HEA.CN) ...

2025年8月8日，红旗连锁(002697.SZ)发布2025年中报。 公司营业总收入为48.08亿元。归母净利润为2.81亿元，较去年同报告期归母净利润增加1420.69万元， 实现4年连续上涨，同比较去年同期上涨5.33%。经营活动现金净流入为4.14亿元。 公司最新资产负债率为43.49%，较上季度资产负债率减少0.66个百分点，较去年同期资产负债率减少 4.53个百分点。 公司最新毛利率为29.85%，较上季度毛利率增加0.65个百分点，较去年同期毛利率增加0.87个百分点。 最新ROE为6.12%。 公司摊薄每股收益为0.21元，较去年同报告期摊薄每股收益增加0.01元，实现3年连续上涨，同比较去年 同期上涨5.00%。 公司最新总资产周转率为0.59次。最新存货周转率为1.63次。 公司股东户数为6.38万户，前十大股东持股数量为7.63亿股，占总股本比例为56.09%，前十大股东持股 情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 曹世如 | 18.06% | | 2 | 四川商投投资有限责任公司 | 16.91% | | ധ | 永辉超 ...

Group 1 - The stock price of Sanjiang Shopping remained stable at 10.76 yuan as of August 7, 2025, with a trading volume of 107,365 lots and a transaction amount of 116 million yuan [1] - Sanjiang Shopping is a major retail enterprise in Zhejiang Province, primarily engaged in community discount supermarket operations [1] - The company operates Hema stores in the Ningbo area through its subsidiary, Zhejiang Zhehai Huadi Network Technology Co., Ltd., which is expected to contribute approximately 550 million yuan in revenue and a net profit of 18.33 million yuan in 2024 [1] Group 2 - On August 5, the company announced that its cooperation agreement with Hema will not be renewed after it expires on March 31, 2026, directly impacting the operation of 7 Hema stores in the Ningbo area [1] - The company stated it will take measures to properly arrange employees and minimize the impact on customer shopping experience [1] - On August 7, there was a net inflow of 1.5822 million yuan in main funds, while the net outflow over the past five days amounted to 61.9083 million yuan [1]

Core Viewpoint - The retail transformation led by major players is at a crossroads, with companies like Hema adjusting their strategies, including the closure of Hema X membership stores and plans to open 100 new Hema Fresh stores this year [1] Group 1: Retail Strategy Adjustments - Hema's strategic moves reflect broader trends in the retail industry, where traditional supermarkets like Yonghui and Zhongbai are learning from successful models like Pang Donglai, while e-commerce giants like JD, Meituan, and Taobao are fiercely competing in the instant retail market [1] - The competitive landscape is characterized by a variety of approaches, with companies not able to replicate the unified pace of the past "new retail" model, indicating a shift towards diversified strategies [1][2] Group 2: Consumer and Supply Chain Impact - The essence of the retail industry remains unchanged, focusing on the inherent demand for value for money, which translates into the external presentation of the "people, goods, and venue" combination [2] - Different configurations of "people, goods, and venue" lead to varying operational outcomes, with mismatches often resulting in poor performance [2] Group 3: Competitive Dynamics - The competition between Sam's Club and Hema X membership stores highlights the complexities of retail dynamics, where the urgency to adapt can lead to inefficiencies and losses [3] - The retail sector is characterized by a large market demand and innovative potential, providing companies with opportunities for maneuvering despite the challenges [3]

Core Insights - Hema has decided to close all its membership stores, with the last remaining store in Shanghai set to cease operations on August 31, 2024, marking a significant shift in the company's strategy [1][3][9] - The closure of membership stores aligns with Hema's new focus on its core business segments, Hema Fresh and Hema NB, under the leadership of new CEO Yan Xiaolei [1][12][14] Business Strategy - Hema's decision to close membership stores is part of a gradual process that began with the announcement of multiple store closures in early 2025, indicating a strategic pivot towards its main store formats [5][9] - The company aims to optimize its business structure by concentrating resources on Hema Fresh and Hema NB, which are seen as key growth areas [9][12] - Hema's annual GMV exceeded 75 billion yuan in the 2025 fiscal year, marking its first positive adjusted EBITDA, reflecting a shift towards profitability [11][12] Membership System Changes - The Hema X membership system, which was initially launched in 2018, has undergone several changes, including a temporary suspension of new memberships in December 2023 due to business adjustments [6][8] - Following the closure of membership stores, Hema has assured customers that their membership rights will still be honored, with annual fees set at 258 yuan [5][6] Competitive Landscape - Hema faces increasing competition in the hard discount sector, with new entrants like JD and Wumart launching similar store formats [13] - The integration of Hema's membership system with Alibaba's Taobao platform indicates a strategic move to enhance customer engagement and expand its market reach [13][14] Future Outlook - Hema has set an ambitious goal of achieving an annual GMV of 100 billion yuan within three years, focusing on expanding its store presence in lower-tier cities [12][14] - The company is expected to benefit from the growth of Alibaba's instant retail initiatives, positioning itself as a key player in the evolving retail landscape [13][14]

盒马需要一次脱胎换骨。近日，盒马X会员店全线关闭以及会员体系加入88VIP，几乎同时发生。有从 业者向北京商报记者直言，两件事对于盒马来讲都是迫不得已的举动，此时的盒马需要阿里。同时，这 还意味着盒马不再"独立"，重新成为阿里体系中的一个工具，争夺即时零售乃至大零售市场的马前卒。 对于盒马舍弃会员店，业内多有惋惜：盒马没有充足时间建立市场信任，研发技术沉淀还不充分，始终 是跟随者。当然，会员超市门槛极高，重投资和门店数量，要短期内形成优势，有点让盒马吃不消。无 论盒马还是多数中国会员超市，都需要时间沉淀技术，等待一个翻盘的新机会。 成为阿里马前卒 盒马关闭全部会员店、盒马纳入淘宝88VIP体系，两件事情在同一时间段集中发酵，引发行业众多猜 想。尤其是盒马付费会员与淘宝88VIP的融合，有消费者为自己购买盒马会员感到不值得的吐槽声音， 更有从业者将此举视为"盒马结束独立并重新深度融入阿里系"的重要开端。 按照淘宝大会员的规划，88VIP会员权益全面升级，与淘宝大会员叠加之后，权益"加码不加价"，其中 便包括盒马权益。用户在淘宝、盒马、饿了么的消费，均可获得对应的淘气值。尽管淘宝会员中心和 88VIP在淘宝页面的 ...