Core Insights - Wumart Supermarket has announced the third batch of store renovations, involving 20 locations across major cities in China, including Beijing, Tianjin, and Hangzhou, with plans to complete the renovations by the end of September [1] - The new stores include 9 in Beijing and 5 in the East China region, with a focus on enhancing product structure, quality control, service experience, and employee benefits [1] - Since the launch of the renovation initiative in March, Wumart has opened 10 renovated stores, with daily sales and customer traffic increasing by 50% to 300% compared to pre-renovation levels [1] Store Renovation Details - The renovation will cover 20 stores, including 16 "first stores" in various cities [1] - New locations include Fengtai, Shunyi, Yanqing, Huairou, and Fangshan in Beijing, as well as key areas in Hangzhou [1] - The company aims to achieve a target of 100 renovated stores by 2025 [1] Performance Metrics - Specific stores, such as the Hangzhou Gongshu Wanda store and Beijing Xueqing Road store, have seen a cooked food penetration rate exceeding 60% and received positive feedback from younger consumers [1]

Core Insights - Wumart Supermarket has announced the third batch of store renovations, involving 20 locations across major cities including Beijing, Tianjin, and Hangzhou, set to be completed by the end of September [1] - The renovation initiative includes 16 "first stores" in various cities, aiming to enhance product structure, quality control, service experience, and employee benefits [1] - Since the launch of the renovation program in March, Wumart has opened 10 renovated stores, with daily sales and foot traffic increasing by 50% to 300% compared to pre-renovation levels [1] Store Expansion Details - The new 20 "renovated stores" include 9 in Beijing, marking the first entries in Fengtai, Shunyi, Yanqing, Huairou, and Fangshan districts [1] - The East China region will see 5 new stores, covering key districts in Hangzhou such as Xihu, Shangcheng, Yuhang, and Linping [1] - In North China, 5 stores will be established in Tianjin, along with a first store in Langfang, Hebei [1] Future Plans - Wumart aims to achieve a target of 100 renovated stores by 2025 [1]