Summary by Moomoo AI
Maison Solutions Inc., a specialty grocery retailer, announced the completion of its El Monte store renovation on October 28, 2024. The store, located in California, is the first to undergo refurbishment in a series of planned renovations for the company's HK Good Fortune locations. Post-renovation, the El Monte store has transitioned to a warehouse store model, offering bulk purchase discounts and a modernized shopping experience. The renovation has led to a significant increase in sales and includes updates such as bulk purchasing options, an expanded range of in-demand products, and a new store logo and visual identity. John Xu, President, Chairman, and CEO of Maison Solutions, expressed optimism about the positive sales trend continuing and anticipates similar benefits from future renovations at other locations. Maison Solutions, founded in 2019, caters to Asian-American communities with traditional Asian food and merchandise through its supermarkets in California and Arizona. The company owns a majority stake in Super HK of El Monte, Inc., which operates the renovated El Monte store.