即时零售正在上演反转剧情！美团优选刚官宣转型，市场热度反倒飙涨。2022-2025 年，曾被唱衰的前置仓模式闯过难关，巨头们的战略洗牌让行业走向 更扑朔迷离。而扎根福厦的朴朴超市，既靠独门打法在乱战中站稳脚跟，又正被汹涌的竞争推向命运的十字路口。 商品结构：从生鲜为主到品类优化 值得注意的是，朴朴的商品结构正在悄然调整。生鲜品类占比从峰值 60% 逐步降至当前的 50%，按规划未来三年将进一步下调至 45%，通过提升毛利更 高的标品占比优化盈利结构。选品策略上注重本地化渗透，比如在福州市场针对性上架祭灶甘蔗、线面等土特产，配合骑手主动询问代扔垃圾等增值服 务，从消费场景细节处培育用户粘性，有效满足日常零碎采购需求。 自有品牌：发力提速但差距仍存 自有品牌是朴朴近年发力的重点领域。自 2023 年启动相关业务以来，围绕 "优赐" 核心品牌构建起涵盖生鲜、水饮等多品类的产品矩阵。截至 2024 年 10 月，自有品牌 SKU 已突破 750 个，年末销售额占比目标锁定 15%。但横向对比来看，与盒马等头部玩家仍有差距。以热销的瑞士卷为例，朴朴推出的小 份装虽契合独居群体需求，但综合单价与克重计算，盒马产品的性价比 ...

智通财经APP获悉，据港交所5月19日披露， 山东快驴科技发展股份有限公司(简称：快驴科技)向港交所主 板递交上市申请，交银国际为独家保荐人。 | 编纂 項下 编纂 數目 " : | [编纂]股H股(視乎[编纂]行使與否而定) | | --- | --- | | 编纂 數目 : : | [编纂]股H股(可予[编纂]) | | ■臺 數目 "! | 编纂 股H股(可于 编纂 及視乎 编纂 行使 | | | 與否而定) | | 最高 编纂 : | 每股H股[編纂]港元,另加1.0%[編纂]、0.0027% | | | 證監會交易徵費、0.00565%聯交所交易費及 | | | 0.00015%會財局交易徵費(須於申請時以港元 | | | 繳足,多繳款項可予退還) | | 面值 : | 每股H股人民幣0.05元 | | 【编纂】: 编纂 | | | 獨家保薦人、 編纂 | | 公司的业务以生态体系为中心，而生态体系建基于"快驴出行"、"快驴优选"及"快驴教育"三大支柱，并包 括"快驴养车"、"快驴快修"及"闪行共享"三大服务及配套数字化平台，公司及公司的业务合作伙伴透过该平 台提供多元化产品与服务。通过线上平台，公 ...

Company Overview - ST Modern closed at 2.24 yuan, up 2.28%, with a latest price-to-book ratio of 4.42 and a total market capitalization of 1.596 billion yuan [1] - As of September 30, 2024, ST Modern had 10,578 shareholders, an increase of 1,659 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] - The company specializes in the research, design, outsourcing production, brand promotion, and terminal sales of its own brand CANUDILO high-end menswear, as well as agency business for international clothing brands [1] Financial Performance - For the third quarter of 2024, ST Modern reported operating revenue of 159 million yuan, a year-on-year decrease of 25.82% [1] - The net profit for the same period was -13,064,654.66 yuan, representing a year-on-year decline of 76.31% [1] - The sales gross margin stood at 66.12% [1] Industry Comparison - ST Modern's price-to-earnings (P/E) ratio (TTM) is -33.98, while the industry average is 46.80 [2] - The company's price-to-book ratio of 4.42 is higher than the industry median of 1.76 [2] - The total market capitalization of ST Modern is 1.596 billion yuan, compared to the industry average of 54.98 billion yuan [2]

Financial Data and Key Metrics Changes - Target reported nearly $30 billion in revenue growth over the past five years, with expectations to drive more than $15 billion in revenue growth over the next five years [3][5] - The digital business reached $20 billion with nearly 9% growth in Q4 [26] - Inventory cost at the end of Q4 was up a little over 7% compared to last year due to various factors including new distribution centers and timing volatility [40][41] Business Line Data and Key Metrics Changes - Beauty saw nearly 7% sales growth and share gains, while apparel also grew share over the last three quarters [6] - The food and beverage category has grown by almost $9 billion over the last five years, making Target the fifth largest digital grocer in the U.S. [61] - The All In Motion activewear line grew over 10% in 2024, becoming a $1 billion brand [30][82] Market Data and Key Metrics Changes - Target makes up less than 3% of a $4.2 trillion market, indicating significant market share opportunities [27] - Traffic growth was reported at over 20% since 2019, translating to 350 million more guest trips in 2024 compared to 2019 [33][53] Company Strategy and Development Direction - Target plans to invest $4 billion to $5 billion in stores, supply chain, and technology this year [3] - The company aims to enhance its digital experience while maintaining a strong brick-and-mortar presence, emphasizing the interplay between stores and digital [34][26] - Target is focused on delivering an elevated shopping experience that combines affordability, quality, and reliability [91] Management's Comments on Operating Environment and Future Outlook - Management acknowledged persistent economic uncertainty affecting consumer spending, particularly in discretionary categories [9] - Despite near-term challenges, management remains confident in the long-term trajectory of the business and the investments being made [7][9] - The company is committed to improving inventory reliability and enhancing the overall guest experience [37][54] Other Important Information - Target Circle loyalty program added 13 million members in 2024, enhancing customer engagement [17][48] - The company is modernizing its supply chain with AI tools to improve inventory management and forecasting [42] - Target is expanding its third-party marketplace, Target Plus, to enhance product offerings [78] Q&A Session Questions and Answers Question: What is Target's unique place in retail? - Target differentiates itself by being a destination for on-trend, affordable products that consumers cannot find elsewhere, leading to increased guest trips and revenue growth [2][3] Question: How is Target addressing consumer spending trends? - Management noted that while consumers are cautious in discretionary spending, they are willing to splurge on newness, as evidenced by record sales around events like Valentine's Day [8][9] Question: What are the key areas of focus for growth? - Target is focused on delighting consumers with on-trend assortments, enhancing the shopping experience, and improving inventory reliability to drive growth [28][36]