今年3月，中共中央办公厅、国务院办公厅印发《提振消费专项行动方案》，明确将发展首发经济作为提振消费、扩大内需的关键举措。 政策东风下，西安各大购物中心争当"卷王"，以其独特的文化IP和商业势能，抢占首发经济新高地。 据赢商大数据不完全统计，2025年上半年，西安新引入110家首店、举办55场首发活动。其中，一季度，新引入38家首店、举办19场首发活动；二季度， 新引入72家首店、举办36场首发活动。 从上半年新开首店的级别来看，区域级首店和城市级首店占比最高，分别为42.7%和52.7%，凸显了西安在西北区域商业格局中的强大吸引力和核心地 位。 从品牌级次来看，上半年高能级首店 （A级）占比为10%，C级首店占比接近70%，且在各个首店级别中均有分布，这反映出西安商业市场的广泛吸引力 和多元消费需求。 餐饮和零售上半年依然唱主角，其中餐饮类首店占比超过半数。细分品类来看，烘焙甜品、饮品、日料、美妆、女装、运动装各有5家以上。户外、小众 菜系、体验业态也纷纷入驻，西安首店品类丰富度再上新台阶。 非标首店热度持续攀升，占比达到16%。 与此同时，17家国际首店从全球9个国家或地区"飞"到西安，把西安的国际范儿拉满 ...

Core Insights - The elderly population aged 60 and above in Shanghai accounts for 37.6% of the total population, indicating a significant market potential for the silver economy [1] - The introduction of the first "Elderly-Friendly Mall" construction standards in Shanghai aims to enhance the quality of services and facilities for the elderly [2][3] Group 1: Elderly-Friendly Mall Standards - The standards cover five dimensions: elderly-friendly culture, management, services, environment, and emergency handling [2] - Specific requirements include accessible entrances, adequate resting areas, and facilities that cater to the needs of elderly individuals, such as large-font signage and voice-operated smart devices [2][3] - Malls must incorporate care for the elderly into their business philosophy and provide dedicated services like free drinking water and health monitoring [2][3] Group 2: Market Performance and Consumer Behavior - The "Elderly-Friendly Mall" designation was awarded to Huanyu City MAX, which reported an average daily foot traffic of 65,000 and a year-on-year revenue increase of over 20% [4] - The mall has successfully attracted elderly customers through tailored promotions, such as affordable KTV packages and various engaging activities, leading to high participation rates [4][5] - A partnership with China UnionPay has introduced a 30% discount for elderly customers, resulting in a 10%-20% increase in sales for participating brands [6] Group 3: Future Plans - By mid-2026, the goal is to develop five truly elderly-friendly malls that can serve as replicable models for the industry [6]

永旺旗下的超市与永旺梦乐城如今已关闭多家门店。今年5月，位于丰台永旺梦乐城中的永旺超市闭 店，这是永旺超市在北京市场的最后一家门店。据了解，永旺超市最早于1996年进入中国内地，并于 2008年进入北京市场。此前，永旺超市还曾在朝阳大悦城、昌平永旺国际商城开有两家门店，两家门店 已分别于2022年10月、2023年5月关闭。在购物中心方面，永旺梦乐城此前在京还有昌平项目，昌平店 关闭变身超极合生汇之后，此次结束运营的永旺梦乐城成为了北京"独苗"。而在今年10月1日正式更名 之后，永旺集团的商超项目在北京再无门店。 永旺在北京的步步撤退，究其根本是日企的水土不服。永旺发布的2024年业绩报告显示，公司2024年收 益为80.95亿港元，较2023年的86.93亿港元有所下降；归母净利润亏损约3.41亿港元。而2017年至2024 年上半年，永旺在中国内地业务共亏损超7.37亿港元。 定位家庭欢聚场 永旺撤出之后，购物中心整体经营管理权将移交至北京南极星投资管理公司的全资子公司——北京鑫嘉 汇商业管理有限公司。据介绍，北京南极星投资管理公司作为村集体经济所有制企业，承载着区域经济 发展责任。本次由其组建专业商管团 ...

Group 1 - Aeon Mall Beijing Fengtai will officially cease operations on September 30, 2025, marking the end of Aeon projects in Beijing after the closure of the Changping store in 2023 [1] - The Fengtai store was the second Aeon Mall in Beijing, opening seven years after the Changping location in 2008 [1] - Following the closure, there will be no Aeon projects remaining in Beijing [1] Group 2 - Beijing Nanji Star Investment Management Company announced that the Fengtai store will be renamed "Xinjiahui Shopping Center" starting October 1, 2025, and will continue normal operations [3] - The management rights of the shopping center will be transferred to Beijing Xinjiahui Commercial Management Co., a wholly-owned subsidiary of Beijing Nanji Star Investment Management [3] - The new positioning of Xinjiahui Shopping Center will focus on being a "family gathering place," with plans for space upgrades and brand revitalization [3] Group 3 - The project will undergo upgrades to both the outdoor plaza and internal facilities to enhance customer comfort and browsing experience [3] - The shopping center plans to introduce new brands in sports, family, and dining sectors to diversify its offerings [3] - Beijing Nanji Star Investment Management Company, as a village collective economic entity, aims to bring a new look and vitality to the shopping center through a professional management team [7]

Core Insights - The Aeon Mall in Fengtai, Beijing, will cease operations on September 30, 2025, marking the end of Aeon's presence in the Beijing shopping center market [4][5] - The shopping center will be rebranded as "Xinjiahui Shopping Center" and will focus on a "family gathering place" concept, aiming to address homogenization in the local commercial landscape [1][8] Company Developments - Aeon has been withdrawing from the Beijing market, with the Fengtai location being the last of its shopping centers in the city, following the closure of other stores [5] - The company reported a revenue decline from HKD 86.93 billion in 2023 to HKD 80.95 billion in 2024, with a net loss of approximately HKD 3.41 billion [5] Industry Trends - The closure of Aeon Mall reflects the challenges faced by traditional large shopping centers in the "cloud consumption" era, where consumer preferences are shifting towards online shopping and experiential retail [9][14] - The new management under Beijing Xinjiahui Commercial Management Co. aims to enhance the shopping experience by introducing diverse brands focused on family-oriented consumption, including dining and entertainment [8][13] Market Positioning - The Xinjiahui Shopping Center will undergo significant upgrades to its space and brand offerings, targeting family consumers and enhancing the overall shopping experience [8][13] - The Fengtai area, being a core business district, requires a nuanced approach to attract both family and business clientele, balancing different consumer needs throughout the week [13][14]

北京商报讯（记者 刘卓澜）7 月 31 日，永旺梦乐城北京丰台店发布公告显示，永旺梦乐城北京丰台购物中心将于 2025 年 9 月 30 日正式结束运营。据 悉，该购物中心是北京第二家永旺梦乐城，继 2008 年昌平区永旺梦乐城开业 7 年后，永旺梦乐城北京丰台购物中心开业。 不过，2023 年昌平区永旺梦乐城关闭，丰台店成为北京永旺梦乐城 "独苗"。此次永旺退出运营后，北京再无永旺项目。 ...

Financial Data and Key Metrics Changes - Same property NOI grew approximately 6% year-over-year for the first half of the year, with a second quarter increase of 4.8% compared to the same period last year [4][10] - NAREIT FFO per share rose nearly 5% year-over-year, with second quarter results at $0.45 per diluted share, reflecting a 2.3% increase [4][10] - Year-to-date same property NOI totaled $85.1 million, a 5.6% increase over 2024 [10] - The company finished the quarter with $787 million in total liquidity and a net leverage ratio of 17% [11][12] Business Line Data and Key Metrics Changes - Leased occupancy remained strong at 97.3%, with small shop occupancy reaching a record high of 93.8% [4][15] - The company executed 73 leases for approximately 304,000 square feet in the second quarter, achieving a blended leasing spread of 16.4% [15] - Annual rent escalators of 3% or higher were embedded in over 90% of renewal leases, supporting long-term NOI growth [15] Market Data and Key Metrics Changes - The company is actively targeting investment opportunities in high-growth markets such as Asheville, Charleston, Charlotte, Nashville, Phoenix, and Savannah [6][7] - The retail leasing environment remains healthy, with strong demand from various categories including quick service restaurants and wellness providers [14][17] Company Strategy and Development Direction - The company is focusing on a tactical reallocation of capital, enhancing its focus on core markets expected to deliver long-term value [5][8] - The strategy includes scaling the enterprise efficiently with minimal increases to G&A and leveraging a well-capitalized balance sheet [8] - The company is confident in its acquisition pipeline and plans to be active in 2025, utilizing proceeds from asset sales and available borrowing capacity [7][12] Management's Comments on Operating Environment and Future Outlook - Management raised same property NOI growth expectations for the year to 4% to 5%, citing resilient retailers despite inflationary pressures [4][5] - The company expressed optimism about the transaction market improving in the back half of the year, which could enhance acquisition opportunities [24][39] Other Important Information - The company declared an annualized dividend of $0.95 per share, representing a 5% increase over the prior year [12] - Recent acquisitions include properties in Charleston, Savannah, San Antonio, and Richmond, reflecting a disciplined capital allocation strategy [18][19][20] Q&A Session Summary Question: Does the back-end loaded acquisition activity mean guidance would have been raised if acquisitions occurred as initially expected? - Management indicated that similar movements in expectations would have been seen relative to internal operations, especially given the significant proceeds from the California portfolio [22][23] Question: What was the same store growth profile of the California assets sold? - Management noted that the growth profile for the California assets was not as favorable as that in the Southeast, influenced by demographic trends and business-friendly environments [25][26] Question: Is the 4% to 5% same store growth expected to be sustainable next year? - Management suggested that the 4% growth has been sustainable over the last couple of years, with high occupancy levels and visibility into future occupancy gains [27][28] Question: Is there a decline in the number of core grocery opportunities available? - Management acknowledged strong competition for grocery-anchored centers but expressed confidence in their ability to redeploy capital effectively [31][32] Question: What is the current acquisition pipeline in terms of size and pricing? - Management stated that the acquisition pipeline typically has around $1 billion in opportunities, with confidence in reaching the $100 million net acquisition guidance [38][39]

Core Insights - The project involves the opening of the second Aeon Mall in Hunan, expected to be completed by the end of 2025 [1] - The mall will feature a total construction area of approximately 230,000 square meters, including a four-story shopping center and a six-story parking garage [1] - The development will house around 260 brands, offering a mix of entertainment, dining, and retail options [1] Project Timeline - Construction began in May 2024, with the project expected to be topped off by December 2024 and the main structure completed by May 2025 [1] - The mall is strategically located at the intersection of Leifeng Avenue and Jinyuan Road [1] Facilities and Features - The project will include approximately 3,300 parking spaces, combining underground, surface, and multi-story parking [1] - Notable tenants already confirmed include Aeon Supermarket, the first CINITY LED cinema in Hexi, and a flagship store for Urban Hero featuring a high slide [1]

城市人气榜单，一定程度上能反映城市中的消费热力值。在赢商股份新出炉的《深圳2025年6月人气购物中心排行榜TOP30》中，购物中心上榜名单又发 生了新的变化——老牌人气场地位稳固，而新秀mall综合表现也不遑多让。 城市商业体量区间段来看，整体上榜项目相较5月份变化不大，但个别项目名次发生重要变化： ■ ≥15万㎡区间的超大型mall：TOP3是稳居榜单的龙华壹方天地、前海壹方城、万象天地，而万丰海岸城时隔数月再次登榜。 ■ 10万-15万m²区间中大型MALL：位于福田的KKONE首次夺得榜首位置，而坐拥宝安滨海公园的前海欢乐港湾项目则退居第二名,罗湖区新增一个购物 中心入榜，为今年新开的罗湖益田假日广场； ■ ＜10万㎡区间的中型MALL：星河WORLD·COCOPark挤进前五（上升2个名次），来福士广场退居第八（后退了3个名次），西乡天虹购物中心和新开 的iN城市广场首次挤进榜单。 城区商业人气聚集性比拼 01. 万象商业普遍表现出色 连锁商管竞争力强 从项目所属企业来看，连锁型企业占据绝对主导。其中华润万象生活上榜项目数量最多，有4个，分别是万象天地、万象食家、布吉万象汇和PA mall；其 次为鸿 ...

2025年7月18日，南京金陵天地率先打响"头炮"——华润万象生活携手阿里巴巴，以全国首个"总部产业集群+商办创新+城市在地"新模式，展开一场关于 城市未来的全新探索。南京金陵天地不仅在首日实现出租率与收缴率双100%，也以超280家品牌入驻、超五成首店进驻，为南京下半年商业市场拉开了高 质量序章。 图源：项目官方 据赢商大数据不完全统计，2025年下半年，南京预计将迎来11个新mall陆续亮相，新增商业体量达62.7万㎡。这其中，包括由香港置地与招商蛇口联袂打 造的南京首个光环项目——光环花园城、宝龙商业在南京主城区首个倾力打造的重资产项目——江宁宝龙广场、华东首家沉浸式大明文化空间——金陵长 乐坊、新玄武板块即将崛起的年轻力潮流新地标——红山Sparkle耀市等。 | | | 13 | | | --- | --- | --- | --- | | | 南京金陵天地 | | 7月18日已开业 | | | 南京曼度·乐福里 | 2.1 | 预计8月 | | 3 | 南京紫金融里面业街(东区) | 2.2 | 预计第四季度 | | র্ম | 南京光环花园城 | 10 | 预计今年底 | | 5 | 南京金陵长乐 ...