Group 1 - The "first store" economy is becoming a key driver for consumer market growth in the Yangtze River Delta region, with various new retail formats and experiences attracting young consumers [1][2] - Major retail openings include JD's first immersive shopping center in Nanjing, Su Ning's Max store, and ALDI's first stores in Jiangsu, indicating a trend of new retail formats [1][2] - The JD Mall in Nanjing has achieved significant sales, with over 1.5 billion RMB in transactions during its trial period and a cumulative sales figure exceeding 3.3 billion RMB since opening [1] Group 2 - The "first launch" economy encompasses a full-chain industrial ecosystem, enhancing regional commercial vitality, consumption power, and brand image [2] - The Yangtze River Delta is leveraging the "first launch" economy to reshape its industrial landscape, integrating local特色产业 to accelerate urban-rural integration [2] - Shanghai is promoting the "First Launch Shanghai" initiative to enhance the quality of consumer goods and activities, positioning the first launch economy as a new city brand [2]

Core Insights - eBay reported revenue of $2.59 billion for the quarter ended March 2025, reflecting a 1.1% increase year-over-year and surpassing the Zacks Consensus Estimate of $2.55 billion by 1.49% [1] - The company's EPS for the quarter was $1.38, up from $1.25 in the same quarter last year, exceeding the consensus EPS estimate of $1.34 by 2.99% [1] Financial Performance Metrics - Gross merchandise volume (GMV) reached $18.75 billion, exceeding the seven-analyst average estimate of $18.54 billion [4] - International GMV was reported at $9.69 billion, slightly above the five-analyst average estimate of $9.68 billion [4] - US GMV was $9.07 billion, surpassing the average estimate of $8.85 billion from five analysts [4] - Active buyers totaled 134 million, closely aligning with the average estimate of 134.14 million based on five analysts [4] Stock Performance - eBay's shares have returned -0.9% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

eBayQ1营收26亿美元 高于预期 智通财经5月1日电，eBayQ1营收26亿美元，市场预期25.5亿美元，去年同期25.56亿美元。 ...

Core Insights - The company, Sunshine Group, is set to unveil the upgraded third floor of Beijing Tongzhou Sunshine New Life Plaza during the "May Day" holiday, featuring a diverse range of brands including entertainment, family activities, and specialty dining [1][2] - The "Sunshine Opening Carnival" will take place from May 1 to May 5, offering various promotional activities aimed at boosting consumer spending [1] - Starting in 2024, the plaza will adjust its leasing strategy to focus on becoming a "family experience center" for young families, optimizing its brand mix and introducing new brands [1] Group 1 - The upgraded third floor will include brands such as cinemas, KTV, arcades, children's playgrounds, and fitness options, with stores opening gradually [1] - The project aims to enhance market vitality and improve the quality and efficiency of the commercial area through innovative business formats and service upgrades [1][2] Group 2 - The plaza's glass facade will be renovated to create distinctive scenes, transitioning the mall into an experiential and immersive social space [2] - The deputy general manager of Sunshine New Life Plaza emphasized that the new brands will provide a more diverse shopping experience and create a family-friendly environment for local residents [2]

Core Insights - The community commercial sector is experiencing intensified competition, with the transformation of traditional retail spaces into community-oriented shopping centers becoming a trend [1][6][11] - The newly renovated Huadong·Xinchenghui has shifted from a traditional department store model to a comprehensive commercial space that integrates fashion, leisure, and daily consumption [6][10] Group 1: Project Transformation - Huadong·Xinchenghui has undergone significant renovations, reducing traditional retail space and increasing experiential offerings, including numerous first-store brands [1][6] - The project now features a diverse range of categories, including dining, entertainment, and health, with around 30 first-store and regional first-store brands introduced [6][7] - The commercial area of the project is approximately 50,000 square meters, accommodating around 200 brands post-renovation [8][10] Group 2: Strategic Goals and Community Engagement - The partnership between Xincheng Commercial Group and Beijing Huadong Yanghuatang aims to enhance brand influence and attract a broader customer base over the next 1-3 years [7][10] - The shopping center is focusing on community engagement by exploring innovative collaboration models with local communities and institutions, aiming to create a comprehensive consumer experience [10][11] - The project emphasizes maintaining high-quality service, including a member rewards system and efficient checkout processes to enhance customer satisfaction [10][11] Group 3: Market Positioning and Trends - The trend of "small and exquisite" commercial projects is emerging as a competitive strategy against larger retail spaces, allowing for a more tailored approach to local consumer needs [8][11] - The transformation of Huadong·Xinchenghui reflects a broader industry shift towards community-centric shopping experiences, highlighting the importance of understanding local consumer behavior [11]

4月28日下午，2025松雅湖商圈汽车消费节正式开幕，为全市消费者打造一个轻松选车、实惠购车的畅享舞台。这 场专为购车者打造的狂欢盛宴，不仅准备了极具吸引力的"买车送油/电卡"、"现金大礼包"、"保价护航"礼三重购 车大礼，更精心策划了一系列丰富多彩的活动，包括2025中南汽车世界汽车行业发展论坛、汽车巡展进"村晚"进 企业、品牌汽车"逛"商场、超级爱车直播会、网络大V中南采风等。 以松雅湖等为代表的商圈快速崛起，带动星沙县域商业从"市集时代"到"场景时代"的跨越： 3月26日，鸿蒙智行、比亚迪海洋网、汽车之家空间站等新业态品牌落户中南汽车世界； 4月24日，全国县域首个阿里本地生活全域合作项目落地星沙，深度激活长沙县消费市场…… 长沙县就像个创意策划师，策划了一系列精彩纷呈的主题活动，让消费场景"活"起来、"火"起来。 精彩还在继续。 一 老百姓有了钱，去哪儿花？事实上，随着国内消费持续升级，"钱袋子"鼓起来的居民的消费需求，早已从"有没 有"逐渐转向"好不好"。 面对这道时代命题，长沙县的破题技巧很明确：引进和打造更多的新场景、新业态，以多元场景与品质供给精准 对接群众对美好生活的向往，让老百姓在家门口就 ...

深圳iN城市广场项目地处罗湖/福田交界核心区，毗邻福田/罗湖口岸，紧邻深南大道与滨河大道，地铁 1/6号线无缝接驳，总体量14万平方米。 这个陪伴深圳市民20多年的商业地标，是深圳第一家综合购物中心，也曾有着深圳商业品牌众多的第 一：深圳第一家西武百货、第一家吉之岛、第一家星巴克……曾经的"中信城市广场"是深圳人认识世界 的窗口，这里见证了深圳商业的繁荣与发展，也承载了无数深圳人的青春记忆。 2023年4月，印力集团受业主方委托进行商业运营管理，共同开发和运营新城市广场。2023年12月31 日，原"新城市广场"项目正式结束营业，启动闭店改造。而今，历经近一年半升级改造的iN城市广场于 2025年4月29日正式开业，以全新姿态回归。 图源：项目官方微信 项目共7层，配备1200+车位，汇聚250+品牌，以小太阳家庭及商务客群为主，是印力华南首个轻资产 存量改造项目。项目前期通过百家品牌主理人及20余家长期商户深度调研，精准定位"年轻力生活情绪 场"，融合潮流运动、宠物社交、亲子生活与夜间消费，打造FUSION PARK深圳最大户外运动公园（3 万平方米）、都市绿洲、劈酒街、湾区粮仓四大特色主题场景，以"运动+ ...

记者发现，相比传统的退税模式，"即买即退"模式不仅操作简便，也加快了退税速度，真正实现 了"畅快购物，返程无忧"，进一步吸引境外游客来宁"买买买"。而对于消费者而言，"即买即退"将退税环 节提前，境外旅客在购物环节就能拿到退税款，更加直观地感受到退税带来的实惠，有效地提升消费体 验感，促进二次消费。 据介绍，近年来，我市不断创新便利化举措，将离境退税窗口"前移"到商场，结合实际探索出具有 南京特色的新模式，全方位保障旅客退税需求。比如，为保障异地购物但从我市离境的旅客也能享受到 便捷退税服务，我市同步推出禄口机场口岸的退税"便捷支付"方式，便利化措施创新性打造了旅客线上 自助办理流程，使退税办理更便捷、高效，同时实现多方获益共赢。 目前，我市已有离境退税商店31家，一季度境外旅客在退税商店购物消费金额达2176万元。这31 家商店在南京分布较广，经营品种包含了服饰、珠宝等多个领域的众多品牌。在德基广场，可适用离境 退税"即买即退"服务，境外旅客在商场内购买在可退商品范围内、符合限额和离境等相关要求的商品， 均可参与离境退税"即买即退"政策，涉及广场内品牌有四五百家。 4月8日，国家税务总局发布《关于推广境外旅 ...

Core Insights - The opening of Jinling Central marks the largest addition to the Xinjiekou commercial area in nearly a decade, with a total construction area exceeding 90,000 square meters and featuring 30% of Nanjing's first stores and over 50 debut brands, enhancing the area's high-end and trendy commercial matrix [4][5][6] - Jinling Central is positioned as a "boutique central" project, focusing on youthful branding, dining, and high-end lifestyle brands, catering to the consumption and experience needs of younger demographics [5][6] - The project aims to transform the Xinjiekou area from a traditional commercial cluster into a globally influential consumption ecosystem, promoting a shift from shopping destinations to lifestyle experience venues [6][8] Commercial Ecosystem Development - Jinling Central introduces over 150 brands, with more than 50 being debut brands, including the first Nanjing store of Fangsu Bookstore, which will serve as a new cultural landmark [7][8] - The project is expected to drive the "first store economy" in Nanjing, with over 330 new first stores anticipated in 2024, and more than 80 first stores introduced in the first quarter of this year [7][8] - The integration of high-end dining, designer brands, and cultural experiences at Jinling Central is set to reshape the commercial landscape, evolving Xinjiekou from a "brand collector" to a "source of consumption innovation" [8][9] Urban Consumption Dynamics - The opening of Jinling Central accelerates the evolution of the Xinjiekou commercial area from a "central polarization" model to a "layered diffusion" model, providing diverse brand choices for the urban youth demographic [9][10] - The project enhances the consumption radiation power towards the Nanjing metropolitan area, which has a population of 36 million, aligning with the growing demand for quality lifestyle options among mid-to-high-end consumers in surrounding cities [9][10] - The ongoing revitalization of the Xinjiekou area includes the transformation of existing commercial spaces, such as the upcoming Su Ning MAX Super Experience Store, which will enhance the overall consumer experience and elevate the consumption capacity of the area [10]

证券代码：002419 证券简称：天虹股份 3.购物中心和百货的转型升级方向？今年的开店计划？ 天虹数科商业股份有限公司投资者关系活动记录表 编号：2025-02 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 ☑其他 电话会议 | | 参与单位名称及 | 长江证券张彦淳；海通证券李宏科；申万宏源赵令伊、李秀琳；国信证券柳旭；开源 | | 人员姓名 | 证券黄泽鹏；中信证券林镇潘；中金公司王杰睿。 | | 时间 | 2025 年 4 月 27 日下午 14:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 陈卓（董事会秘书）、罗曾琪（证券事务代表） | | 员姓名 | | | | 1.介绍公司 2025 年一季度经营情况 | | | 2025 年一季度，在国家提振消费及扩大内需的政策引导与支持下，国内零售消费 | | | 行业呈现稳健复苏态势，但有效需求增长动力仍显不足。公司积极应对外部环境变化， | | | 聚力核心业务攻坚和降本增效工作，持续增强核心竞争 ...