顺德山姆会员店位于大良东部南城水轴板块，已于2024年动工。此前，顺德山姆会员店主体建筑正式封 顶，预计将于2026年开业。 顺德山姆会员商店概念图。 除此之外，顺德山姆会员店所在的位置正在打造24小时活力聚场+休闲邻里中心——顺控·漫华里。 顺控·漫华里占地面积约6万平方米，总建筑面积约11万平方米。由北侧顺德山姆会员商店、南侧活力商 业街区组成。 南侧的活力商业街区将引入深夜酒肆、文创动漫、萌宠空间、特色餐饮、休闲文娱等业态。通过"宠物 友好空间+微醺社交空间+智能管理"的运营模式，打造潮玩打卡聚集地。 另据顺德发布的最新消息，顺德山姆会员店也已经进入招聘阶段。招聘时间为周一至周五（9:00- 16:30）。工作地点为佛山市顺德区碧桂路与南国东路交叉口东南角。 综合：顺德发布 整理：南都N视频记者 路漫漫 ...

以下文章来源于凤凰网财经 ，作者凤凰网财经 凤凰网财经 . 你好，我们是凤凰网财经，全球华人都在看的财经公众号，传播最有价值的财经报道，你值得关注！欢 迎访问：http://finance.ifeng.com/ 本文来自微信公众号： 凤凰网财经 （ID：finance_ifeng） ，作者：凤凰网财经，题图来自：视觉中 国 山姆，这个曾经被无数中产家庭视为"品质生活灯塔"的会员制超市，如今正悄然经历一场信任的松 动。 2025年7月，一则"山姆下架口碑商品上新好丽友"的话题以1.5亿阅读量冲上热搜榜首，将这家仓储巨 头推向舆论风暴中心。 而就在短短两个多月后，另一则对比更刺痛了会员们的神经：同款零食在山姆标价99.9元，在折扣渠 道好特卖却仅售39.9元。 这让不少会员感到困惑：每年支付的这几百元会费，究竟买来了什么？ 要知道，山姆会员商店中国首席采购官张青曾在接受媒体采访时明确表示："再高的销售额，再高的 毛利，如果商品没有差异化，没有会员价值，就必须要从山姆撤出。" 一、价格与品质的信任，出现裂 痕 "抢到茅台就是人生赢家"、"去山姆购物是生活仪式"。 曾几何时，这样的话语在社交圈里流传，带着一种心照不宣 ...

本文来自微信公众号：凤凰网财经 （ID：finance_ifeng），作者：凤凰网财经，题图来自：视觉中国 山姆，这个曾经被无数中产家庭视为"品质生活灯塔"的会员制超市，如今正悄然经历一场信任的松动。 2025年7月，一则"山姆下架口碑商品上新好丽友"的话题以1.5亿阅读量冲上热搜榜首，将这家仓储巨头推向舆论风暴中 心。 而就在短短两个多月后，另一则对比更刺痛了会员们的神经：同款零食在山姆标价99.9元，在折扣渠道好特卖却仅售39.9 元。 曾几何时，这样的话语在社交圈里流传，带着一种心照不宣的默契。 手握一张山姆会员卡，仿佛就握住了一把通往品质生活的钥匙，那小小的卡片，是一份对"优价优质"的笃定，一种无须言 说的身份标识。 可不知从何时起，这份默契，似乎正在悄悄倾斜。 社交平台上，吐槽声越来越多。 有人兴冲冲地花99元买了山姆的零食包，转头却在好特卖发现同款只要39元，那句"山姆你赔钱"的感叹里，满是被辜负的 失落。 有人9月14日刚买的商品，短短一周后就降价一半，APP上连个特惠提示都没有，只能无奈地写下"商品差价一半太恶心 了"。 这让不少会员感到困惑：每年支付的这几百元会费，究竟买来了什么？ 要知道， ...

来源|公司研究院 山姆，这个曾经被无数中产家庭视为"品质生活灯塔"的会员制超市，如今正悄然经历一场信任的松动。 2025 年 7 月，一则"山姆下架口碑商品上新好丽友"的话题以 1.5 亿阅读量冲上热搜榜首，将这家仓储巨头推向舆论风暴中心。 而就在短短两个多月后，另一则对比更刺痛了会员们的神经：同款零食在山姆标价 99.9 元，在折扣渠道好特卖却仅售 39.9 元。 这让不少会员感到困惑：每年支付的这几百元会费，究竟买来了什么？ 要知道，山姆会员商店中国首席采购官张青曾在接受媒体采访时明确表示："再高的销售额，再高的毛利，如果商品没有差异化，没有会员价值，就 必须要从山姆撤出。" 01 价格与品质的信任，出现裂痕 "抢到茅台就是人生赢家 " 、 " 去山姆购物是生活仪式 " 。 曾几何时，这样的话语在社交圈里流传，带着一种心照不宣的默契。 手握一张山姆会员卡，仿佛就握住了一把通往品质生活的钥匙，那小小的卡片，是一份对 " 优价优质 " 的笃定，一种无须言说的身份标识。 可不知从何时起，这份默契，似乎正在悄悄倾斜。 社交平台上，吐槽声越来越多。 有人兴冲冲地花 99 元买了山姆的零食包，转头却在好特卖发现同款只 ...

（原标题：美股前瞻 | 三大股指期货齐涨，特朗普"关税大棒"挥向家具、重卡与药品，今晚PCE数据来 袭） 1. 9月26日(周五)美股盘前，美股三大股指期货齐涨。截至发稿，道指期货涨0.22%，标普500指数期货 涨0.15%，纳指期货涨0.09%。 2. 截至发稿，德国DAX指数涨0.67%，英国富时100指数涨0.53%，法国CAC40指数涨0.74%，欧洲斯托 克50指数涨0.72%。 3. 截至发稿，WTI原油跌0.15%，报64.88美元/桶。布伦特原油跌0.14%，报69.66美元/桶。 市场消息 消费者需求稳定，开市客(COST.US)Q4业绩超预期。开市客第四财季盈利超出预期，这表明消费者优 先购买必需品并寻求优惠商品，消费支出依然健康。数据显示，开市客截至8月底的第四财季总营收为 861.56亿美元，同比增长8%，好于市场预期;净利润为26.10亿美元，上年同期为23.54亿美元;摊薄后每 股收益为5.87美元，高于市场预期，上年同期为5.29 美元。开市客Q4会员费收入为17.24亿美元，上年 同期为15.12亿美元。 英特尔(INTC.US)成市场新宠!投资者抢购看涨期权押注涨势延续。投 ...

上周国际市场可太热闹了，各大央行跟"打卡上班"似的集体行动。 加拿大、挪威还有印度尼西亚的央行直接宣布降息，英国、日本和巴西却选择按兵不动。 美股更猛，三大指数全创了新高，道指一周涨了1.05%，纳指涨了2.21%，标普500也涨了1.22%。 欧洲那边就有点分化，英国富时100涨了0.72%，德国DAX30和法国CAC40却分别跌了0.25%、0.36%。 最让人眼馋的是国际金价，直接刷新了历史新高。 这周的看点比上周还多，大家都在猜美联储接下来会怎么降息，所以美国的一堆经济数据，像个人消费支出（PCE）、采购经理人指数（PMI）还有耐用品 订单，都成了香饽饽。 欧洲这边，欧元区和英国的PMI数据也得盯紧，毕竟现在还有关税的挑战，得看看地区经济扛不扛得住。 另外，瑞士、瑞典、墨西哥的央行这周也要公布利率决议，每一个都可能影响市场走势。 要说这周美国市场的"重头戏"，肯定是美联储最看重的PCE通胀指标。 WTI原油近月合约一周跌了0.02%，报62.68美元/桶，布伦特原油跌了0.46%，报66.68美元/桶。 说实话，现在市场最关心的就是特朗普关税对通胀的影响到底有多大。 要是数据显示这影响没那么严重，那美 ...

Core Viewpoint - The article discusses the challenges faced by membership stores in China, particularly focusing on the struggles of local brands compared to established foreign players like Sam's Club and Costco. It highlights the need for these stores to adapt to changing consumer demands and improve their product offerings and brand trust. Group 1: Membership Store Challenges - Sam's Club China has faced consumer criticism regarding product quality after introducing brands like Holley and Wangwang, leading to the removal of controversial products from shelves [1] - Hema has closed its last X membership store in several cities, indicating a retreat from the membership model [2] - The rapid expansion of membership stores has not translated into sustainable success, with local brands like Fudi shifting focus to high-end organic supermarkets instead of warehouse membership models [3][4] Group 2: Market Dynamics - The membership store model in China is undergoing a transformation due to deep changes in retail structure and consumer demand, suggesting a potential "value reshaping" for membership stores [5] - The rise of middle-class consumers in China, with a significant increase in GDP and private car ownership, has created a favorable environment for membership stores [30] - However, a trend of consumer downgrading has emerged, with shoppers increasingly prioritizing price and quality, pushing retailers to adapt [31] Group 3: Competitive Landscape - Sam's Club and Costco have established a strong foothold in China, with Sam's Club planning to open 8-10 new stores annually starting in 2025, while Costco faces challenges due to its reliance on imported goods [25][23] - The competition is intensifying, with various retail formats emerging, such as discount community supermarkets and boutique supermarkets, which may replace traditional membership stores [32][35] - Despite challenges, the middle-income group in China remains a solid consumer base for membership stores, with a report indicating that the population of middle-income individuals has reached 109 million [36] Group 4: Operational Insights - Sam's Club has been criticized for quality control issues following rapid expansion, with multiple food safety incidents reported [26][27] - The operational differences between local and foreign membership stores are evident, with foreign brands benefiting from established supply chains and procurement strategies [12][18] - Local membership stores must focus on product quality, service, and brand trust to remain competitive in a rapidly evolving retail landscape [16][37]

Group 1 - The warehouse membership store market is experiencing subtle changes that could lead to structural shifts in the industry [2] - Leading player Sam's Club is facing public relations issues that reflect underlying development bottlenecks, suggesting the emergence of new domestic players in China [2] - Significant capital resources are currently seeking potential investment opportunities in the domestic warehouse membership store sector [2] Group 2 - Hema X Membership Store, which aimed to rival Sam's Club, is now entering a phase of widespread store closures [2]

Core Viewpoint - Hema X membership stores are undergoing a complete shutdown as part of a strategic focus shift, with all physical locations ceasing operations by August 31, 2025 [5][6][8]. Summary by Sections Store Closures - All Hema X membership stores will stop operations, with the last store closing on August 31, 2025. The stores will continue to offer online ordering and home delivery services through the Hema app [6][8]. - The closure includes multiple locations across major cities such as Shanghai, Beijing, and Suzhou, with the first store opening in October 2020 [12][13]. Business Adjustments - Hema X membership stores have faced continuous shrinkage since May of the previous year, with several locations closing in July 2023 [12]. - The membership model was initially inspired by international giants like Costco and Sam's Club, but Hema has struggled to establish a sustainable competitive advantage in this segment [14][19]. Strategic Focus - Following the appointment of a new CEO, Hema is shifting its strategy to focus on Hema Fresh and Hema NB (Neighborhood) stores, aiming for refined operations and product offerings [15][24]. - Hema has reported significant growth, with 72 new Hema Fresh stores opened in 2024, marking the fastest expansion in five years [28][29]. Market Dynamics - The membership store model has proven challenging, with many players exiting the market. Hema's decision to close its membership stores reflects a broader trend of consolidation and resource optimization in the retail sector [30][32]. - The competitive landscape for membership stores is evolving, with established players like Sam's and Costco maintaining a strong presence while new entrants explore the market [33][34]. Future Outlook - Hema's strategic pivot towards its core business and the successful integration of online and offline retail is expected to drive future profitability and growth [29][34]. - The company aims to continue expanding its footprint in lower-tier cities and enhance its product offerings to meet changing consumer preferences [26][28].

Core Insights - The closure of the last Hema X membership store in Shanghai on August 31 marks a significant shift in Hema's retail strategy, reflecting the intense competition and evolving business models in the warehouse membership store sector [1][3][10] - Hema's CEO announced plans to open 100 new stores this year and expand into 50 additional cities, indicating a commitment to growth despite the closure of the X membership stores [5][17] Store Closure Details - The Hema X membership store in Shanghai has seen a decline in customer traffic, with shelves sparsely stocked and many products sold out as consumers rushed to take advantage of closing discounts [7][10] - Employees reported a sense of inevitability regarding the store's closure, with some experiencing job insecurity and operational disruptions due to the strategic shift [9][11] Membership Ecosystem Dynamics - Hema's collaboration with Taobao's 88VIP has resulted in a 100% increase in membership numbers within a short period, showcasing the potential for customer acquisition through strategic partnerships [12][14] - Despite the surge in membership, concerns remain about the long-term retention of new members and the overall value proposition of Hema's offerings compared to competitors [14] Strategic Challenges - The warehouse membership store market is becoming increasingly competitive, with other major players like Costco and Walmart also facing challenges, while Sam's Club continues to grow its membership base [15][17] - Hema's X membership store struggled to differentiate itself in terms of product quality and service, leading to consumer dissatisfaction and a decline in membership value perception [10][15] Future Outlook - Hema's ambitious growth plans for the year highlight its intent to rebound from the setbacks of the X membership store closures, but success will depend on learning from past experiences and focusing on core product and service quality [17]