服务升级贯穿消费全流程：生鲜区提供免费切片、绞肉、杀鱼等加工服务，推行7天无理由退换货政 策；全体员工经过专业培训，强化服务意识，主动提供温馨导购服务。数字化与人性化服务并行，卖场 配置完善的基础服务设施，同时注重售后保障，为顾客提供售后咨询指导，让购物体验更具温度。 开业优惠来袭 商报讯(通讯员林海秋记者汪晓筠)杭州人熟到不能再熟的华润万家濮家店，终于要以新面貌回归了。自 2007年开业以来，华润万家杭州濮家店已陪伴市民走过18个春秋。为更好地满足消费者日益多元的购物 需求，门店历经全面调改焕新升级，将于12月31日以全新面貌盛大开业。本次改造围绕商品、价格、环 境与服务四大核心维度深度优化，致力于为市民打造"好品质更超值"的一站式购物新体验。 商品全面升级品类丰富度更高布局优化购物体验更便捷舒适 本次焕新聚焦商品体系迭代，大幅引进超3000款新品，同时汰换近70%老品，精选9500+款优质商品覆 盖日常所需。重点扩容生鲜区，创新打造"美食一条街"场景，新增现制烤炸、烘焙、轻食便当等14个特 色档口，涵盖烤肠、关东煮、钵钵鸡、汉堡、披萨、现包水饺、烤牛羊肉串等多元风味，更开辟50平方 米堂食休息区，设置30 ...

Core Viewpoint - Sprouts Farmers Market has experienced significant stock price fluctuations, rising fivefold in two years before a 55% drop from its peak, highlighting the volatility of growth stocks [1][2] Group 1: Company Growth and Strategy - Sprouts Farmers Market focuses on health-oriented grocery items that are more affordable than premium chains, aiming to provide a "farmers market" experience at scale [3][4] - The company operates 464 stores across 24 states and plans to achieve 10% annualized growth in store count, with 140 new locations already approved [6][9] - Sprouts has maintained strong profitability with rising margins, achieving 10% annualized sales growth over the last decade [7] Group 2: E-commerce and Product Development - E-commerce sales have grown from 1% of revenue in 2018 to 16% in 2025, reflecting a 21% increase compared to 2024, enhancing customer experience and order frequency [10] - Private-label goods now account for 25% of sales, up from 16% in 2021, contributing to higher margins and allowing for product innovations based on customer feedback [11][12] Group 3: Valuation and Share Buybacks - The company's stock is currently trading at a discounted valuation of 17 times free cash flow and 15 times earnings, despite a 13% sales growth this year [13][15] - Sprouts has been actively repurchasing shares, reducing the number of outstanding shares at an annualized rate of 4.5%, with nearly $1 billion remaining on its buyback authorization [15]

第一财经记者12月24日从德国平价超市品牌奥乐齐获悉，该品牌明年一季度在中国市场的门店数量将 达到100家。 记者｜乐琰 编辑 ｜瑜见 奥乐齐目前在华门店数量为80多家，基本都是直营店，2025年的新开店数量约30家，2026年会提速 发展，预计新开店数会更多。奥乐齐目前约90%为自有品牌商品。 ...

（文章来源：第一财经） 第一财经记者12月24日从德国平价超市品牌奥乐齐获悉，该品牌明年一季度在中国市场的门店数量将达 到100家。奥乐齐目前在华门店数量为80多家，基本都是直营店，2025年的新开店数量约30家，2026年 会提速发展，预计新开店数会更多。奥乐齐目前约90%为自有品牌商品。 ...

Core Viewpoint - Traditional retail companies are facing significant pressure, leading to store closures, adjustments, and transformations as a strategic response [1][4]. Group 1: Store Closures - Zhongbai Group announced the closure of 30 warehouse hypermarkets, with an estimated loss of approximately 180 million yuan due to these closures [2][3]. - As of December 4, 2025, Zhongbai had closed 30 warehouse hypermarkets, with reasons including long-term operational losses and contract expirations [2][3]. - The closures are part of a strategy to optimize the company's layout and improve overall operational quality [2][3]. Group 2: Financial Performance - Zhongbai Group reported revenues of 12.197 billion yuan, 11.639 billion yuan, and 10.381 billion yuan from 2022 to 2024, with corresponding losses of 351 million yuan, 322 million yuan, and 528 million yuan [3]. - In the first three quarters of 2025, Zhongbai achieved a revenue of 1.934 billion yuan, a year-on-year decline of 19.41%, alongside a loss of 325 million yuan [3]. - Factors contributing to the losses include increased competition from online retail, rising operational costs, and the impact of closing unprofitable stores [3]. Group 3: Industry Context - The traditional retail sector is under pressure from the rise of e-commerce, which has fundamentally changed the competitive landscape for essential goods [4]. - Other traditional retailers, such as Yonghui Supermarket, are also experiencing ongoing losses, indicating a broader trend in the industry [4]. Group 4: Transformation Efforts - Zhongbai Group is actively pursuing a transformation towards hard discount formats, launching 51 hard discount stores with a focus on quality and low prices [5]. - The company has completed adjustments to 14 warehouse formats and 55 community supermarket formats, resulting in increased customer visits [4][5]. - Experts suggest that the transition to hard discount formats leverages existing resources and brand advantages, although challenges remain in managing traditional operations while developing new formats [5][6].

Financial Data and Key Metrics Changes - Third quarter net sales reached $239.1 million, up 7.5% from $222.5 million in the same quarter last year [10] - Comparable sales grew 7.6%, marking the sixth consecutive quarter of positive growth [2][11] - Earnings per share for the quarter was $0.55, significantly above the guidance of $0.29 [3][13] - Gross profit increased to $89.8 million, a 14.7% rise compared to $78.3 million last year, with gross margin improving to 37.6% from 35.2% [11][12] Business Line Data and Key Metrics Changes - North America net sales were $202.8 million, an increase of 8.6% year-over-year, with comparable sales up 10% [10][11] - Women's and hard goods categories saw strong double-digit growth, while men's and accessories experienced low to mid-single digit gains [3][11] - Footwear was the only category with negative comparable sales [11] Market Data and Key Metrics Changes - International net sales, including Europe and Australia, were $36.3 million, up 1.7% year-over-year, with European comparable sales down low single digits but showing improvement [10][12] - North America comparable sales for the 31-day period ended December 2, 2025, increased 7.8%, while international comparable sales increased 2.6% [16] Company Strategy and Development Direction - The company focuses on three strategic priorities: driving revenue growth through customer-focused initiatives, optimizing profitability, and managing volatility while funding strategic expansion [4][8] - The introduction of over 100 new and emerging brands annually has become a significant part of the sales mix, validating the merchandising strategy [5] - The company remains committed to premium pricing and disciplined expense management in international markets, particularly in Europe [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in closing the year with strong holiday results, despite macroeconomic uncertainties [4][8] - The company anticipates total sales growth of 4% to 6% for the fourth quarter, with comparable sales expected to be in the 2.5% to 4% range [19][20] - Management noted that while North America shows strong momentum, international operations face challenges [21] Other Important Information - The company ended the quarter with $104.5 million in cash and no debt, reflecting a strong financial position [14] - Inventory levels decreased by 3.5% year-over-year, indicating effective inventory management [15] Q&A Session Summary Question: What is driving the strong performance in hard goods? - Management indicated that the strong performance is primarily driven by the Skate category, with improvements seen in North America, Europe, and Australia, marking a reversal of a multi-year negative trend [25][27] Question: What are the comparable sales assumptions for the fourth quarter? - Management expects a slight deceleration in North America compared to November, while anticipating a negative comp in Europe due to anniversary promotional trends [29][32] Question: What is the current penetration of private label products? - Private label penetration is currently just under 31% of total product sales, up approximately 200 basis points year-over-year [42][43] Question: Who is the company taking market share from in North America? - Management believes they are primarily focused on their core customer base, with gains driven by executing on trend and increasing average unit retail [52][56]

老牌零售巨头中百集团（000759.SZ，股价7.16元，市值47.44亿元）抛出了一份"减法"方案。 12月4日晚间，中百集团发布公告称，公司在2025年上半年已关闭13家仓储大卖场，截至目前，公司共计关闭了30家仓储大卖场，预计因此产生的关店损 失高达1.8亿元。 《每日经济新闻》记者注意到，对于近年来业绩承压的中百集团而言，这一损失无疑是一记重拳。面对线下折扣店、会员店的激烈竞争以及渠道分流的加 剧，传统实体商超大卖场客流量持续减少。 今年前三季度，中百集团营收、净利润双降，其中，归母净利润亏损5.80亿元，同比下降74.83%。此次大规模关店不仅是中百集团对长期亏损资产的一次 集中出清，也是其在行业变革浪潮中试图通过"断臂求生"来换取转型空间的无奈之举。 超七成被裁撤仓储大卖场长期亏损 根据中百集团披露的公告，公司关闭的30家仓储大卖场分布广泛，涵盖湖北省内多个城市。 从关闭原因来看，"门店亏损"是主要原因。有23家门店的关闭原因被明确标注为"门店亏损"，占比高达76.7%。 因"门店亏损"关闭的包括开业近20年的老店，如2005年12月开业的武穴购物广场门店，以及2008年开业的嘉鱼潘家湾店、崇阳购 ...

本文来自微信公众号：每日经济新闻，作者：每经记者，原文标题：《亏不起了，老牌零售巨头宣布已 关30家大卖场，有的已开业20年！学胖东来学了1年多，近三个季度仍亏5.8亿元》 老牌零售巨头中百集团（000759.SZ，股价7.16元，市值47.44亿元）抛出了一份"减法"方案。 12月4日晚间，中百集团发布公告称，公司在2025年上半年已关闭13家仓储大卖场，截至目前，公司共 计关闭了30家仓储大卖场，预计因此产生的关店损失高达1.8亿元。 今年前三季度，中百集团营收、净利润双降，其中，归母净利润亏损5.80亿元，同比下降74.83%。此次 大规模关店不仅是中百集团对长期亏损资产的一次集中出清，也是其在行业变革浪潮中试图通过"断臂 求生"来换取转型空间的无奈之举。 超七成被裁撤仓储大卖场长期亏损 根据中百集团披露的公告，公司关闭的30家仓储大卖场分布广泛，涵盖湖北省内多个城市。 从关闭原因来看，"门店亏损"是主要原因。有23家门店的关闭原因被明确标注为"门店亏损"，占比高达 76.7%。 因"门店亏损"关闭的包括开业近20年的老店，如2005年12月开业的武穴购物广场门店，以及2008年开业 的嘉鱼潘家湾店、崇 ...

Financial Data and Key Metrics Changes - Total net sales for Q3 2025 were $139.6 million, a decrease of 2.7% year-over-year [14] - Comparable net sales increased by 2%, with physical stores up 5.3% and e-commerce down 9% [14] - Gross margin improved to 30.5%, up 460 basis points from 25.9% last year [15] - Net loss improved to $1.4 million, or $0.05 per share, compared to $12.9 million, or $0.43 per share last year [17] - Total liquidity at the end of Q3 was $100.7 million, with cash of $39 million and unused borrowing capacity of $61.6 million [17] Business Line Data and Key Metrics Changes - Physical store sales represented 79% of total net sales, up from 77.6% last year [14] - E-commerce sales accounted for 21% of total net sales, down from 22.4% last year [14] - The decline in e-commerce sales was attributed to a 51% reduction in clearance sales compared to last year [14] Market Data and Key Metrics Changes - The positive sales trend in Q3 continued into Q4, with double-digit store comps and accelerating sales in October and November [6] - Comparable net sales for Q4 are expected to increase by 4% to 8% [18] Company Strategy and Development Direction - The company aims to increase the sales penetration of proprietary brands to approximately 40% [6] - There is a focus on balancing proprietary and third-party brands to enhance sales and product margins [8] - The company is investing in social commerce, with significant growth from its TikTok shop launched in March [8] - Technological upgrades are being implemented, including AI-driven price optimization and inventory management tools [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in stabilizing the business and achieving consistent profitability [5] - The company is encouraged by the sequential improvement in quarterly comparable net sales trends [20] - Management acknowledged the need for continued efforts to grow sales healthily and improve product margins [6] Other Important Information - The company plans to close seven stores by the end of Q4, bringing the total store count to 223, a net decrease of 17 stores from the end of Fiscal 2024 [19] - Year-to-date capital expenditures were $3.4 million, down from $6.7 million last year [17] Q&A Session Summary Question: What contributed to the return to positive comps? - Management attributed the positive comps to a combination of improved assortment and effective marketing strategies, suggesting a 50/50 split in impact [24] Question: Is the positive comp driven by traffic or ticket size? - The improvement was primarily due to better conversion rates, average sale values, and transaction counts, with traffic being roughly flat [28] Question: What is the timeline for increasing private brand penetration? - The company expects to gradually increase private label penetration over the next three to five months, with current penetration just under 37% [30][32] Question: How sustainable are the SG&A reductions? - Management indicated that leverage will come from improved sales per square foot productivity, with ongoing efforts to maintain efficiency in store payroll usage [37] Question: What is the outlook for store closures? - The company will continue to evaluate store profitability and lease negotiations, with potential for more closures if necessary [41]

Core Insights - The article discusses the transformation of RT-Mart, highlighting its position as the second-largest supermarket in China, facing challenges in adapting to market changes and consumer preferences [1][2] - Despite efforts to showcase confidence in its transformation, RT-Mart's financial performance remains under pressure, indicating a need for strategic adjustments [2][14] Group 1: Transformation Strategy - RT-Mart plans to accelerate the renovation of 500 stores over the next three years, focusing on a model that combines health products, enjoyable experiences, and attentive service [3][4] - The company aims to shift from a "destination hypermarket" to a "community center" model, requiring a complete restructuring of its product offerings and operational logic [3][11] - A key strategy involves reducing the size of stores from over 10,000 square meters to between 6,000 and 7,500 square meters, and halving the number of SKUs from 16,000-20,000 to streamline product offerings [8][9] Group 2: Financial Performance and Challenges - In the latest financial report, RT-Mart's parent company, Gao Xin Retail, reported a revenue of 30.502 billion yuan, a year-on-year decline of 12.1%, and a net loss of 127 million yuan [1][14] - The B2C business saw a same-store order growth of 7.4% and a sales increase of 2.1%, but a decline in average transaction value poses a challenge to profitability [14] - The company has a cash reserve of 11.958 billion yuan, providing a buffer for operational and strategic initiatives [13] Group 3: Innovations and Opportunities - RT-Mart has initiated a nationwide joint procurement project for pork, which has led to a nearly 20% increase in sales volume and a 4 percentage point rise in gross margin [10][11] - The company is also expanding its private label strategy, with nearly 500 SKUs across over 50 categories, although this currently represents less than 3% of total sales [17][18] - The establishment of front warehouses aims to enhance online sales, with plans to increase the proportion of online sales to 40%-50% over the next three years [14][15] Group 4: Market Position and Future Outlook - RT-Mart's strategic focus on low-tier cities, where 75.8% of its stores are located, provides a favorable environment for its transformation efforts [11][12] - The company faces significant challenges in overcoming the inertia of traditional hypermarket operations while addressing declining revenues and weak core product offerings [18] - The transformation journey is expected to be long and arduous, with the next three years serving as a critical starting point for RT-Mart's revival [18]