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China Want Want’s 2021 revenue reaches a new high of 24 billion
Retail Business Finance learned on June 28 that China Want Want released its performance report for the year ending March 31, 2022 (fiscal year 2021). The financial report shows that it achieved revenue of 23.985 billion yuan, a year-on-year increase of 9%, creating a record high since its listing.
Among them, Wangwang grew by 11% and 8% respectively in the first and second half of the year, and the revenue of major categories such as Wangzai milk, rice cracker main brand, and candy all exceeded historical highs. In terms of product categories, rice crackers and leisure products achieved revenue of 5.592 billion yuan and 5.397 billion yuan respectively, and the growth rate in the second half of the year reached mid-to-high single digits. Revenue from milk drinks and beverage products increased by 16.9% year-on-year to 12.873 billion yuan. Regarding the overall success in performance, Want Want mainly attributes it to the implementation of multi-channel and multi-brand strategies in recent years.
It is worth mentioning that in fiscal year 2021, Wangwang highlighted that it achieved "omni-channel growth" in the mainland. Among them, traditional channels achieved high-single-digit growth year-on-year; modern channels achieved nearly high-single-digit growth year-on-year, with new products and newly developed convenience store channels becoming the main growth drivers; emerging channels maintained rapid growth and accounted for nearly 10% of the group's overall revenue. Double digits. Among them, 40% of the revenue from emerging channels comes from new products launched in the past three years, becoming an important platform for the group to display new products.
Colorist’s 618 success report was released, and the sales of some cosmetics increased by more than 60%
This year’s 618 event was particularly eye-catching. Not only did online brands respond enthusiastically, but it also attracted offline brands to join the “battlefield.”
Retail Business Finance learned that the colorists of THECOLORIST, the beauty platform of KK Group , joined hands with cooperative brands such as Colaqui, KISS ME, Zise, Red Globe, C Cafe, Guyu, etc. for the first time to participate in 618 to interact with offline consumers and create online The same price model both online and offline allows consumers to easily enjoy the same benefits online. It is reported that this offline 618 interaction was also sought after by Generation Z consumers, and the sales/sales of some participating cosmetics increased by 61.04%/61.57% month-on-month.
Bianlifeng and Bronze Lucia will cooperate to launch jointly designed products
Retail Business Finance learned on June 28 that convenience store chain convenience store brand Bianlifeng appeared at the digital Shanghai Fashion Week show, and two designs of clothing incorporating its logo were The model shows back and forth. A relevant person in charge of Bianlifeng said, “This is our cooperation with the pioneering designer brand Bronze Lucia, and we hope that through this, Generation Z will feel the ‘trendy’ side of Bianlifeng.”
It is understood that as early as the beginning of this year, Bianlifeng and Bronze Lucia started designing related products. The above-mentioned person in charge also said, “In addition to being displayed through the fashion week, the joint-branded products will also be sold for limited time in core business districts such as Kerry Center, DFS, and Mixc City.” According to the person in charge, “In the second half of the year, we will We plan to deeply demonstrate the personalized and youthful side of both brands by participating in offline fashion weeks and updating the design of coffee cups sets in stores."
Weilong passed the Hong Kong Stock Exchange hearing. Net profit increased by less than 1% last year.
On June 27, according to the Hong Kong Stock Exchange, Weilong Delicious Global Holdings Co., Ltd. has passed the listing hearing. Morgan Stanley , CICC and UBS Group AG are joint sponsors. It is reported that this is Weilong’s third application for listing. Previously in 2020, Weilong had submitted a listing application to the Hong Kong Stock Exchange and passed the listing hearings in May and November 2021 respectively. However, the listing was ultimately postponed due to various reasons. The latest prospectus shows that from 2019 to 2021, Weilong achieved total revenue of 3.385 billion yuan, 4.120 billion yuan and 4.800 billion yuan respectively, with a compound annual growth rate of 19.1%. Data shows that in 2021, Weilong's net profit will increase by less than 1%, only 0.98%.
The number of Lawson convenience stores in Anhui reaches 200.
On June 28, the Lawson convenience store in Hefei Land Innovation Center opened. So far, the number of Lawson convenience stores in Anhui has reached 200. In 2018, Lawson took the lead in opening five stores in Hefei, radiating from Hefei to surrounding areas and continuously expanding the Anhui market.Up to now, China Business Lawson has deployed in 9 cities in Anhui Province including Wuhu, Ma'anshan, Tongling, Chuzhou, Bengbu, etc. By using the characteristics of high proportion of self-owned products and flexible franchise model, it has been operating in 9 cities for more than four years. The total number of stores exceeded 200 within a short period of time.
H&M responded to the closure of its first store in China: relocation is in progress and preparations are being made to open elsewhere.
According to Sina Finance news, recently, the H&M store located at Huaihai Middle Road, , a traditional commercial street in Shanghai, quietly closed its store. This store is H&M's first store in the Chinese mainland market and has been open for 15 years. H&M customer service responded that the business is currently suspended and is preparing to operate normally in other places, and is still in the process of relocation.
Isetan bids farewell to the Chengdu market, and the two stores will be closed at the end of the year
On June 27, Chengdu Isetan Department Store issued a "Notice to Suppliers" stating that it would end the operations of its two stores in Chengdu. According to the notice, Isetan Chunxi store and high-tech store will terminate operations on December 31 this year. Relevant staff of Chengdu Isetan confirmed the above information and said that the process is under way and the notification letter will be released to the public later. With the withdrawal from Chengdu, Isetan only has 4 shopping malls left in mainland China: the Shanghai West Gate project, the Tianjin Modern City and Binhai New Area projects, and Tianjin Yanlord Isetan.
Simba announced the launch of live broadcast teaching
News on June 28, recently, anchor Simba officially announced the launch of live broadcast teaching, and will unite 6 companies to provide 100,000+ jobs, hoping to achieve accurate matching for companies and migrant workers. Tianyancha information shows that in February this year, Guangzhou Xinyu Network Information Co., Ltd. was established with a registered capital of 5 million yuan. The legal representative is Bao Tianzhen, and its business scope includes human resources services; business management; daily necessities sales; and information technology consulting services; Employment agency activities, etc. The equity penetration chart shows that the company is held by Guangdong Xinxuan Holdings Co., Ltd. and Bao Tianzhen 90% and 10% respectively, and Xin Youzhi (Xinba) is the suspected actual controller.
Meituan Takeout: Shanghai’s coffee takeout orders doubled year-on-year
According to news on June 28, the demand for coffee takeout orders in Shanghai has doubled compared to the same period last year, of which more than 40% are orders placed in offices, and consumers are shopping outside all hours of the day. Selling some coffee, the proportion of consumers ordering coffee at home on weekends has increased from 60% last year to 70%. Coffee brands have also captured this change and developed new products for at-home consumption scenarios. Meituan takeout data shows that on June 27, beverage orders in Shanghai increased by more than 13% week-on-week and nearly 40% compared with the same period last year. Among them, coffee takeout orders doubled compared with the same period last year, and ice products, fruit Coffee has become the “new summer favorite” of Shanghai residents nowadays. According to
data, as a city with the largest number of coffee shops in the world, Shanghai residents have consumers ordering coffee on takeout platforms around the clock. Among them, 30% of consumers choose to have coffee with breakfast and choose to order coffee for lunch. Consumers account for 40%, and those who drink tea and coffee in the afternoon account for 20%. The rest choose to place orders during dinner and late night snacks. The demand for coffee takeout during working days in office buildings, industrial parks and other office spaces has also gradually picked up, accounting for more than 40% of the total coffee takeout order demand. On weekends, the proportion of coffee takeaways delivered to residential areas increased from 40% on weekdays to 70%, compared with 60% in the same period last year.
