On May 8, assistance was launched for Fat Donglai.Market rumors of the plan,The staff of the Ministry responded exclusively to the reporter of China Daily, saying that the company would learn from Fat East, which has its own advantages; There is no further progress in taking over and helping the network transmission.
The data shows that as of noon on May 8, the stock price closed at 2.62 yuan/share.
Yonghui Supermarket responded
According to many media reports, Fat Donglai has launched a plan to help Yonghui Supermarket. The first two help stores are Yonghui Supermarket Hanhai Beijindian Store and Xinxiang Baolong Plaza Store. According to the report, the Fat Donglai team will lead the management, and Yonghui Supermarket will also set up a "Yonghui Supermarket Adjustment and Reform Team" to cooperate with the adjustment and reform work. Once the news came out, it caused widespread concern.
The staff of Yonghui Supermarket Securities Department contacted by China Daily reporter said that Fat Donglai has its own unique advantages and the company will learn from Fat Donglai; There is no further progress in taking over and helping the network transmission.
According to public information, before the launch of the plan to help Yonghui Supermarket, Pang Donglai lent a helping hand to Jiangxi supermarket chain brand Gabrielle and Hunan supermarket leader BBK in June 2023 and April 2024 respectively. The measures mainly include: employee management, including improving salary and benefits, and adjusting business hours to allow employees to get more rest; Store planning, including optimizing store layout and moving line design; Improve the quality of goods, including optimizing quality and price, improving the ability to provide fresh products, and introducing explosive products from Fat East; Optimize the service quality, including apologizing to consumers, introducing the service concept of Fat East, and restoring customer trust.
It is reported that this year’s "May 1" holiday, BBK Changsha Meixihu Store, assisted by Fat Donglai, delivered a brilliant result: the cumulative sales in five days was 10.53 million yuan, the average daily sales exceeded 2.1 million yuan, and the average daily passenger flow was 15,963.
Yonghui Supermarket continues to adjust its stores.
In 2023, Yonghui Supermarket realized a total operating income of about 78.642 billion yuan, down 12.71% year-on-year; The net profit attributable to shareholders of listed companies was 1.329 billion yuan, compared with 2.763 billion yuan in the same period of last year.
Yonghui Supermarket’s revenue declined, on the one hand, because the company continued to adjust its stores in recent years and took the initiative to close the stores that continued to lose money; On the other hand, in 2023, the physical retail industry as a whole suffered operational challenges, and store revenue declined.
In 2024, in the face of fierce external competition, the company will focus on the strategic positioning of "reducing costs and increasing efficiency, optimizing operating quality", promote organizational activation and improvement of organizational efficiency, promote digital transformation, and consolidate basic retail skills. With digitalization and intelligence, we will comprehensively drive organizational process change and business innovation, comprehensively promote store upgrading and innovative development, focus on the core logic of "goods, scenes and services" upgrading, improve commodity competitiveness and supply chain efficiency through technological empowerment, and continue to explore the depth of refined store management. At the same time, continuously improve the operational capability and efficiency of online business, actively explore new channels on the basis of consolidating the original channels, strengthen cooperation with third-party platforms and focus on scale growth.
According to the announcement, due to operating losses, relocation, contract expiration and other reasons, the company plans to close 31 Bravo stores from the fourth quarter of 2023 to the first quarter of 2024, with an estimated loss of 77.6179 million yuan.
Yonghui Supermarket also announced that the company is in a period of transformation. After comprehensive evaluation, Wu Guangwang, the company’s vice president, is not competent for the position of vice president, and requested to be removed from the position of vice president; Lin Jianhua, the company’s vice president, requested to be removed from the post of vice president due to physical reasons through consultation between both parties, and the company has another appointment. Yonghui Supermarket said that the board of directors of the company considered that the above-mentioned personnel were no longer suitable for the position of senior management of the company and agreed to remove the above-mentioned personnel from the position of vice president of the company.
The research report shows that Yonghui Supermarket focuses on its main business and continues to deepen the construction of supply chain. By closing some tail stores, promoting omni-channel digitalization and continuously improving the operational efficiency of stores, the company is expected to turn losses into profits in 2024.