Yonghui’s Makeover Draws Crowds, but Profits Lag

Yonghui’s Makeover Draws Crowds, but Profits Lag

Yonghui’s Makeover Draws Crowds, but Profits Lag - Customer traffic soars 80% at revamped stores, but first-half losses mount amid closures, renovations, and rising supply chain costs

Yonghui Superstores profits lag despite increase in customer traffic

Yonghui Superstores Co. Ltd.’s sweeping effort to remodel its outlets has driven an 80% average increase in customer traffic at revamped stores, Chief Executive Wang Shoucheng said on Sunday, reports Caixin. Speaking at a new product launch, Wang noted that over 60% of stores that have stabilized post-revamp are now more profitable than at any […]