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Hefei Department Store Group Chair Resigns
He Bei Group (000417.SZ): Chairman Shen Xiaogen resigns.
On December 25, Glorious Union announced that the Board of Directors received a written resignation letter from the company's chairman, Mr. Shen Xiaogen. Due to changes in work circumstances, Mr. Shen has applied to resign from his position as the chairman of the 10th Board of Directors, director, and member and convener of the Board of Directors Global Strategy Committee. After resigning, Mr. Shen will no longer hold any position in the company.
HeBai Group (000417.SZ): From January to November this year, member consumption accounted for 48% of the Retail Trade sales.
According to a recent investor relations activity by Hebai Group (000417.SZ) on December 17, as of November, the company had nearly 3.5 million members. In terms of member services and management, the company's offline stores are actively expanding member acquisition, focusing on groups such as birthday members, inactive members, concurrently consuming members, and affiliated brand members, conducting various activities like lottery draws, treasure hunts, scratch cards, purchase bonuses, and free orders to enhance member engagement and increase the repurchase rate. From January to November this year, member spending accounted for 48% of the sales in the Retail Trade sector.
Hebai Group (000417.SZ): Currently, the company has nearly 30 large shopping malls under its Hejiafu supermarket brand.
On December 17, Gelonghui reported that Hebai Group (000417.SZ) recently indicated in an investor relations event that it currently has nearly 30 large shopping plazas under its Hejiafu supermarket brand, which has been upgraded to version 3.0. There are close to 70 large comprehensive supermarkets, including high-end stores like Afu Select. The number of standard supermarkets has exceeded 100, including Community standard supermarkets, the enhanced fresh food store Afu Fresh, Afu theme stores, campus stores, and more.
Hefei Department Store GroupLtd's (SZSE:000417) 20% CAGR Outpaced the Company's Earnings Growth Over the Same Three-year Period
HeBai Group (000417.SZ): From January to November, the supermarket format added 240 new brands, with a renewal rate of 12.5%.
On December 11, Gelonghui reported that Hebai Group (000417.SZ) stated at an investor relations event that since the beginning of this year, its subordinate Hejiafu supermarket has continuously adjusted and strengthened its supply chain construction, private brand development, and offline scene expansions. It has been continuously enhancing supply chain reforms, strengthening unified procurement and distribution, joint procurement distribution, direct sourcing, and customized production. From January to November, the supermarket format added 240 new brands, with a renewal rate of 12.5%; 42 new direct sales brands were added, bringing the total to 312; 33 new direct procurement bases for fresh produce were added, totaling 73; and a "1+1+N" province-wide unified procurement system was created, focusing on meat and poultry.
Capital Allocation Trends At Hefei Department Store GroupLtd (SZSE:000417) Aren't Ideal
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