奉守"专业主义，内容为王"，为优质的商业阅读而生。多次获评"年度财经自媒体"，入选胡润百富"广 州最值得投资的企业"榜单50强，广州市新阶联自媒体分会副会长单位，入驻全网20多个平台，覆盖 1000万+商务人群，中国财经新媒体的中坚力量之一。 作者：海棠葉 以下文章来源于无冕财经 ，作者无冕财经团队 无冕财经 . 一场股东会后，永辉超市变了天。 任职3年多的CEO未能连任，还没当上非独董；原创始人的反对票也于事无补，董事会结构失 衡；250-350家门店将被关停......3月20日，永辉超市用一纸公告宣布叶国富"代理"CEO，公司 改朝换代进入"叶国富时代"。 拯救永辉、打造成零售行业新标杆，从以往的创办名创优品到如今的执掌永辉超市，叶国富的每 一步都充满野心和赌性。 "我是带着真金白银和一颗真心，跟大家一起来做永辉的。我现在是永辉第一大股东，我比任何人 都希望永辉越来越好。"内斗落幕，叶国富磨刀霍霍"致敬"胖东来。 来源：无冕财经（wumiancaijing） 但这条路，连胖东来都还在摸索。 01 CEO闪电出局 叶国富在不断加强对永辉超市的话语权。 去年9月，名创优品子公司斥资62.7亿元，收购永辉超市 ...

以下文章来源于最人物 ，作者东野聪明 最人物 . 有人的地方，就有最人物。 先是11月下旬，于东来在社交媒体上发文，宣布新规，他称胖东来员工结婚不允许有彩礼往来，婚礼 酒席桌数不得超过5桌，且只能邀请亲朋，不能铺张浪费。 于东来似乎铁了心，要重塑员工们的"婚恋观"："如果做不到的、公司从制度建设上制定将取消一切 福利。" 作者：东野聪明 来源：最人物 胖东来和创始人于东来，坐在了杠杆的一头。 过去几年，只要一头有任何风吹草动，无论是胖东来推出新规，还是于东来的言行举止，杠杆的另 一头——流量、话题与关注度，就会飞速被撬起。 大众的讨论，无外乎聚焦于两点： 以品质与服务著称的胖东来，是否会翻车，反复将"爱与自由"挂在嘴边的于东来，究竟能够给予 手下的员工，多少自由与爱。 于东来曾将胖东来"被神化"，称之为一种悲哀，但回看过去一年，"被神化"也成为某种风险。 如何从风险中抓住"自由"，或许是于东来的新课题。 01 过去几个月，于东来与胖东来，几次被推上风口浪尖。 在社交网站发布的内容 该言论一经发表，立刻引发诸多讨论，其中不乏质疑，认为胖东来触犯了员工的生活边界，干涉太 多，管得太宽。 也有支持的声音："如果我能 ...

永辉正在学习河南零售企业胖东来，试图通过引进胖东来品牌商品、增设顾客休息区、提高员工工 资和福利等举措转型。据《观察者网》，永辉超市副总裁兼全国调改项目组负责人王守诚曾表示， 调改的关键是反内卷、促创新。 "我们通过学习胖东来，意识到真诚、品质、开放、创新才是出路，" 王守诚说，"让员工工作得快 乐满足，让消费者对品质的追求得到满足，从而带动消费活力的提升。" 2024 年 3 月以来，京东多次减持永辉，股份仅剩如今的 2.94%，其中一次减持发生在 2024 年 9 月。当时名创优品以 63 亿元的价格，收购包括京东在内的多家公司的永辉股份，共计 29.4% 。名 创优品创始人叶国富公开表示看好调改，他称更重视顾客体验、更尊重员工、没有会员制的胖东来 模式是中国超市的唯一出路。 速卖通今年要扶持 1000 个百万美元销售额的新品牌。 京东拟减持永辉超市。 京东集团旗下公司 "京东世纪贸易" 将在 4 月 2 日- 7 月 1 日期间减持永辉超市股份，计划减持数量 不超过 2.66 亿股、减持比例不超过 2.94%。减持上限也是现在京东对永辉的持股数字。 京东称，拟减持原因是 "自身资金需求"。截至今日收盘， ...

Investment Rating - The report recommends several companies in the retail sector, including leading brands in various categories such as children's retail, beauty, medical aesthetics, and jewelry [5][6]. Core Insights - The report highlights the ongoing transformation of the company, focusing on quality retail and optimizing store operations to better match consumer demand in Changsha, where the consumer base is young and economically active [4][5][30]. - The company has undergone significant restructuring, reducing the number of its supermarkets from 343 to 96 and its department stores from 43 to 37 between 2021 and 2023, aiming to streamline operations and focus on core areas [3][12][17]. - The introduction of a new management team from a successful competitor has led to impressive sales growth in restructured stores, with some locations reporting sales increases of over 300% during peak periods [5][51]. Summary by Sections 1. Background and Progress of Restructuring - The company has faced continuous operational pressure since 2021, leading to a strategic overhaul that includes closing underperforming stores and focusing on core business areas [3][11][17]. - The restructuring process has been supported by a new management team, which is implementing comprehensive changes across various operational aspects [18][19]. 2. Consumer Structure and Characteristics in Changsha - Changsha's GDP has shown steady growth, with a projected increase of over 5.5% in 2025, indicating a robust economic environment for retail [30][31]. - The demographic profile of Changsha is notably young, with nearly 50% of the population aged 18-24, which drives demand for differentiated products and services [4][39]. 3. Performance of Reformed Stores - The report details the successful transformation of several stores, with significant increases in sales and customer traffic post-restructuring [5][51][58]. - Specific stores have reported remarkable sales figures, with daily sales reaching as high as 240.22 million yuan during peak periods [51]. 4. Key Company Financial Forecasts and Valuations - The report provides earnings per share (EPS) forecasts and price-to-earnings (PE) ratios for various recommended companies, indicating strong growth potential in the retail sector [6].

Core Viewpoint - The closure of Ito Yokado in Chengdu signifies a deep emotional loss for local residents, reflecting a broader trend of declining performance for Japanese-style supermarkets in China [1][2][3][4]. Group 1: Emotional Connection and Cultural Impact - Chengdu residents express profound sadness over the closure of Ito Yokado, viewing it as a farewell to their childhood and a loss of a beloved community space [3][4]. - The supermarket was known for its exceptional cleanliness and customer service, which included unique amenities like clean restrooms and a high level of courtesy from staff [4][5]. Group 2: Business Performance and Market Position - Ito Yokado was once a leading player in Chengdu's retail market, with peak performance including eight stores and significant revenue contributions, but has faced continuous losses since 2014 [8][10]. - The brand's inability to differentiate itself from competitors like Sam's Club and Hema, along with a lack of unique value propositions, has contributed to its decline [5][6][11]. Group 3: Industry Trends and Challenges - The overall retail environment for department stores in China is deteriorating, with a reported 2.4% decline in department store sales in 2024, contrasting with growth in online and convenience store sales [11][12]. - The shift in consumer preferences towards e-commerce and convenience stores has left traditional department stores like Ito Yokado struggling to compete effectively [12].

Core Viewpoint - The article discusses the controversy surrounding Sam's Club's use of facial recognition technology for member verification, highlighting potential privacy concerns and legal implications [1][4][10]. Group 1: Legal Issues - A graduate student filed a lawsuit against Sam's Club for requiring facial recognition as the sole method of identity verification, claiming it infringes on consumer rights and privacy [3][5][10]. - The court in Nanning has accepted the case, indicating legal scrutiny over Sam's Club's practices [5]. Group 2: Consumer Experience - Many consumers express dissatisfaction with the mandatory facial recognition policy, which they feel limits their shopping experience and privacy [9][10]. - The policy has led to complaints about the inconvenience for families who share membership cards, as they are required to be physically present for verification [9][12]. Group 3: Membership Model - Sam's Club maintains a "member-only" policy to enhance the exclusivity of its shopping experience, which is seen as a competitive advantage [12]. - The membership fee structure, with over 5 million members, generates significant revenue, contributing to the company's financial performance [12][14]. Group 4: Brand Reputation - Recent negative incidents related to product quality have raised questions about the reliability of Sam's Club's high-quality service claims [14][15]. - The brand's reputation is at risk as it faces criticism for its privacy practices, which could undermine consumer trust [15][16].

以下文章来源于远川研究所 ，作者黎铮 远川研究所 . 刻画这个时代 一个冬天的童话。 作者 | 黎铮 编辑 | 李墨天 来源 | 远川研究所 （ID：YuanChuanInstitution） 把胖东来当作榜样的永辉超市，曾经也是前者的老师。 早年于东来去福州进货，永辉创始人张松轩兄弟俩带于东来参观门店，毫无保留地分享 生鲜供应链的整套流程——那是永辉赖以生存的身家性命。 2022年一次讲课，于东来感慨当年峥嵘岁月："你看，原来永辉多好[1]。" 巅峰时期，永辉的门店数量是胖东来的75倍。命运用又一个十年将两者的身份对调，时 过境迁，胖东来飞升零售教父，永辉成了教父的门徒，步步高、中百等商超上市公司， 于东来近日公布的2024年营收数据 胖东来是一本被零售行业长时间忽略，短时间翻烂的教材，但它的内核其实不复杂， 只 是反常识： 一不靠低价，二不做巨头，三不要增长。 不靠低价 线下消费至暗的2022年，想破脑袋的零售同行和深感赚钱毫无乐趣的于东来把酒言欢， 一场全国巡回帮扶之旅就此展开。 最先尝到甜头的是头戴ST帽子的步步高，梅溪湖店调改三天后，日均客流与销售额就分 别比改造前翻了6.5倍和6.7倍[3]。永辉 ...

以下文章来源于财经天下WEEKLY ，作者财经天下 喷香的烤鸡39.8元、1.2kg的瑞士卷59.8元、24个麻薯面包只要29.8元......社交平台 上，这些高度重复的种草内容，让山姆的高性价比美食自带流量，引得看客们竞相折腰 并自发传播。 在网上刷到帖子后，那些所在城市还没有被山姆覆盖到的人，纷纷找人代购起了山姆的 特色商品，这催生出了一个庞大的产业链，有人开始以代购山姆为生。 自2023年开始，"山姆代购月入10万+"的信息就屡见报端。哪怕进入2025年，对于这 样的报道，人们也是常看常新，山姆的代购们，真的能赚这么多钱吗？以及他们究竟是 怎么赚钱的？ 五类人月入10万 作为山姆在北方城市的七家店之一，落址于天津西青区的山姆店，吸引了大大小小的代 购。有的是天津本地代购，有的从河北唐山、山东青岛等周边城市赶来。在天津工作和 生活的林邻，就是天津山姆代购大军中的一员。 财经天下WEEKLY . 《财经天下》周刊官方账号，提供有品质的深度报道，讲述中国企业在时代浪潮中的精彩故事。 代购难暴富。 作者 | 易浠 来源 | 财经天下WEEKLY （ID：cjtxweekly） 互联网抹平了信息差。 还有一些山 ...

以下文章来源于豹变 ，作者高宇哲 豹变 . 直抵核心。做最具穿透力、洞察力的商业观察，深度影响未来。 作者：高宇哲 来源： 豹变（ID： baobiannews ） 从风光无限的"最赚钱超市"到如今面临被出售的命运，大润发的故事如同一部商业剧，充满了起伏与 转折。 经历了20天的停牌后，10月15日晚，高鑫零售发布公告称，9月27日公司收到了一位潜在买家的接触 函，表达了收购全部已发行股份的兴趣。尽管公告中没有透露这位神秘买家的具体信息，但这一消息 还是引发的市场的关注。10月16日，随着高鑫零售股票复牌，其股价一度上涨超25%。 大润发曾是中国最赚钱的超市之一，在传统零售业的黄金时期，它不仅超越了家乐福和沃尔玛等国际 巨头，还稳坐国内最大零售超市的宝座。 然而，好景不长，随着电商的崛起以及消费者购物习惯的变化，大润发逐渐感受到了前所未有的压 力。2017年，阿里巴巴入主大润发，试图通过"新零售"模式重塑这家老牌零售商的命运。这场被外界 视为阿里新零售战略的重要一步，如今看来却未能如愿延续大润发的辉煌。 未竟的新零售变革 随着电子商务的不断发展，百货、超市等实体零售在2016年就已经面临挑战。当更多消费者的购 ...