新京报讯（记者陈璐）12月5日，国内仓储式品牌荟品仓在房山区瑞来广场开业，这是北京首家城市奥 莱门店。近1万平方米超大空间，为市民解锁"一站式高性价比"购物新体验。房山区商务局局长路鹏表 示，荟品仓创新采用仓储式购物场景与会员制运营模式，此次北京首店的落地，丰富了京西南仓储式品 牌特卖市场，成为区域消费升级的新引擎。 路鹏介绍，今年以来，房山区持续打造"乐购房山"品牌，围绕"票根经济""悦己经济""折扣经济"三条主 线，通过扩大商业规模，引进多样商业品牌，不断提升商业品质。好特卖超级仓、物美超值店、物 美"胖改"店、"711"便利店、居然之家、瑞来广场、盒马鲜生等陆续开业，进一步丰富了购物场景，满 足市民多样化购物需求。 路鹏表示，未来房山区商业版图还将持续扩容升级。"备受期待的山姆会员商店正在建设中，建成后将 以高品质商品矩阵、仓储式购物体验，填补区域高端零售空白，为市民带来更具质感的消费选择。下一 步，房山区还将引入更多潮流品牌与高品质商业项目，打造更具影响力的区域商业集群。" 编辑 张磊 校对 李立军 ...

Core Insights - Costco's stock price increased by 3.07% on October 9, marking a total rise of 3.51% over three consecutive days, reflecting positive investor sentiment [1][2] Sales Performance - Costco reported net sales of $26.58 billion for September 2025, representing an 8% year-over-year growth [1] - Comparable sales in the U.S. grew by 5.1%, while Canada saw a 6.3% increase, and other international markets achieved a remarkable 8.5% growth [1] Membership and Customer Loyalty - The membership renewal rate remains above 90%, indicating a stable and loyal customer base, which is crucial for long-term growth [1] Digital Transformation - Same-store sales increased by 5.7% overall, with digital business same-store sales soaring by 26.1%, showcasing the effectiveness of Costco's investments in digital transformation [1] Market Response - Following the strong performance, Costco's stock rose by 2.5% in after-hours trading, indicating positive market reaction to its results [2] - Investors are encouraged to monitor Costco's digital business performance and international market expansion as key drivers for future growth [2]

Core Insights - The controversy surrounding Sam's Club's product selection reflects a clash between the evolving consumer psychology of China's middle class and their anxieties regarding domestic products [1][17] - Sam's Club's aggressive expansion strategy has led to significant sales growth, but recent missteps in product selection have jeopardized its core competitive advantage of high-quality offerings [3][4] Group 1: Business Performance - In fiscal year 2024, Sam's Club achieved net sales of $84.4 billion, accounting for approximately 13% of the company's total revenue [3] - As of January 31, 2024, Sam's Club operated over 600 stores globally, with plans to open 8 new stores in China by 2025, marking a record annual opening count [3][4] - Sam's Club's revenue in China surpassed 100 billion yuan in 2024, representing nearly two-thirds of Walmart's performance in the region [4] Group 2: Membership and Product Strategy - Sam's Club's membership model has been a double-edged sword; while it has driven growth, recent product controversies have led to member dissatisfaction [4][21] - The introduction of exclusive products and the Member's Mark brand has been central to Sam's Club's strategy, with Member's Mark accounting for over 20% of total sales in fiscal year 2023 [14][18] - The recent backlash against the low-sugar version of the Holleyou pie highlights a disconnect between the brand's promise of high standards and the reality of its product offerings [10][20] Group 3: Market Competition - Sam's Club faces increasing competition from both domestic and international players, including the German discount supermarket Aldi, which has expanded rapidly in China [23] - The rise of new retail formats, such as Hema, poses additional challenges to Sam's Club's traditional business model [21][23] - Consumer sentiment is shifting, with members expressing concerns over the perceived decline in product quality and exclusivity, leading to hesitations about renewing memberships [21][24]