As of the reporting period, Gao Xin Retail had a total of 502 stores
As of the reporting period Including 466 hypermarkets. RT-Mart Super (Chinese Super League) has open 30 stores in 10 provinces and cities across the country. At the same time, M membership store has open 6 membership stores in Yangzhou, Changzhou, Nanjing and other places, with more than 360,000 members.
It is report that RT-Mart M Membership Store Jiangyin Store will open on November 15. This is the 7th M Membership Store in the country and the 2nd store in Wuxi
With the huge fluctuations in the past three years, Gome’s interim report this time show an overall obvious improvement trend.
Previously, the news that Gao Xin Retail was about to change its owner once caus heat discussion.
On September 27, Sun Art Retail releas an “acquisition and merger” announcement, and on October 15, Sun Art Retail releas another compliance directors mailing lead announcement, disclosing information about a possible voluntary conditional offer and resumption of trading. The discussion between Alibaba and the potential offeror is still “ongoing”, and there is no latest news so far. The intricate relationship between Alibaba and Sun Art Retail may affect the progress of the transaction to a certain extent.
As of the close of November 12, Gome Retail’s Hong Kong stock clos at 2.14 yuan, down 3.17% from 2.21 on the previous trading day, with a Hong Kong stock market value of 20.4 billion.
In recent years, Gao Xin Retail has been trying to “save itself
Gao Xin Retail clos 20 hypermarkets As of the reporting period in fiscal year 2024, and continu to increase its investment in RT-Mart Super and M membership stores. In shopify seo services in colorado fiscal year 2024, it open 14 new RT-Mart Super and 3 M membership stores. In March this year, Gao Xin Retail announc a personnel change. Lin Xiaohai resign as the executive director and chief executive officer (CEO) of Gao Xin Retail. Since March 27, Shen Hui, a former Auchan executive under Gao Xin Retail, has been appoint as the executive director and CEO of Gao Xin Retail. Gao Xin Retail and Shen Hui have sign a service agreement with a fix term of three years.
In Shen Hui’s view small profits but quick turnover
Is the core that hypermarkets As of the reporting period must adhere 1000 mobile phone numbers to. To achieve small profits but quick turnover, they must focus on their own brand products. Public data shows that RT-Mart has increased its investment in its own brands. On September 27 this year, it launched a new series of “Thumbs Up Super Savings” products.
