Through the wealth life

Chapter 1144 Expansion of Xuelan Supermarket
Things were going well in the stock market, and Li Guangyu put aside his concerns for the time being, and shifted his attention to Xuelan Retail Company under Hengyu Supermarket Group.

After several months of operation, including the membership fee and the salary of the company's top management, the Vancouver store finally achieved profitability last month.

Excluding the salaries of the employees in the store, as well as utility bills and storefront fees, the profit of Shenandoah Supermarket Vancouver store last month converted into US dollars is close to 5000, which is equivalent to 39000 Hong Kong dollars, which is less than the profit of a convenience store in Central for a week.

But this has already made Li Guangyu very happy, and the monthly turnover of the Vancouver store continues to increase, and the number of members also continues to increase. As long as it continues, the future prospects of Shenandoah Supermarket will be very bright.

Li Guangyu has never been very familiar with this business model, so he has never had a bottom line in his heart. He is more willing to do retail in the Dahengyu Supermarket, South China Electric Chain, etc. Xuelan Supermarket is more of an experimental product.

Li Guangyu didn't have much expectation for this. It was similar to the Caojie Power Station Development Company established in a joint venture with the mainland. It would be the best if it could succeed, but if it couldn't, it would turn around in time. Anyway, it would be easier to become Hengyu Supermarket.

At present, Shenandoah supermarkets have entered into business in Vancouver, Toronto, Ottawa, and Quebec, and stores in Tokyo, Osaka, Nagoya, Taipei, and Kaohsiung are being renovated.

Canada is the center of gravity for the development of Shenandoah Supermarket, while the layout of Japan and Formosa was specially ordered by Li Guangyu to expand in order to fight against Ito-Yokado and Wal-Mart.

In the meeting room of Hengyu Supermarket Group, Li Guangyu, Gan Qin, Li Xuelan and senior management of Hengyu Supermarket Group discussed the development of Xuelan Supermarket in the future.

Li Guangyu said aloud: "I am very happy to see that Shenandoah Supermarket's Vancouver store can achieve profitability without relying on membership fees. This shows that this model is completely feasible. Next, we need to consider expanding the scale of Shenandoah Supermarket. Seize the market of Costco and Sam's Club ahead of time, and let us know what you think."

The executives of Hengyu Supermarket Group are very happy. With Li Guangyu's approval, Xuelan Supermarket will become the second Hengyu Supermarket. In the future, Hengyu Supermarket Group will be Hengyu Supermarket, 7-11 convenience store and Xuelan Supermarket There are three pillars, and each company is extremely powerful.

As long as this continues to develop, in the future retail market, any one of these three companies will be able to squeeze into the top ten global retailers, and they are in charge of three of the top ten global retail companies, which will make their reputation rise infinitely.

Li Xuelan is also very happy about this. Her core team is the Hengyu Supermarket Group. The better this group develops, the greater her voice in the Li's consortium will be.

And this supermarket is named after her, so she naturally hopes that the bigger the Xuelan supermarket, the better.

Liu Weifang, vice president of the group and general manager of Xuelan Supermarket Company, said: "Li Sheng, because of our model, it is mainly suitable for development in Europe and the United States. My personal opinion is to increase the layout in North America and Western Europe, especially the American market. , I suggest to focus on the layout and seize the market of Sam’s Club and Costco in advance.”

As the general manager of Shenandoah Retail Supermarket Company, Liu Weifang naturally hopes that Xuelan Supermarket will expand as quickly as possible. She is very clear that it is unrealistic for the scale of the store to reach the Hengyu Supermarket Group. In large cities, Hengyu Supermarket can open multiple stores. , they are suitable for opening one family in one city, two at most.

She now hopes that Li Guangyu can approve more expansion funds. She will first occupy the large cities in the United States, especially New York, Los Angeles, Philadelphia, San Francisco, Dallas, Houston, Washington, Chicago, Boston, San Jose and other places.

The expansion of Shenandoah Supermarket is much more convenient than that of Costco. The logistics and storage are supported by Hengyu Supermarket Group. She does not need to think too much about it for the time being. Now Hengyu Supermarket Group does not lack funds and is fully capable of operating in Canada and The layout of large and medium-sized cities in the United States.

Li Xuelan said aloud: "Li Sheng, I agree with Ms. Liu's opinion. At the same time, I suggest to establish a Xuelan supermarket in Singapore, Xiangjiang and Seoul respectively, and see the market reaction in these areas.

In addition, we can't give up in Western Europe. We can temporarily set up one in London, Paris, Berlin, and Rome, and then expand to the surrounding areas. "

Chen Linwen, president of Hengyu Supermarket Group, has no objection to such expansion. Anyway, there is a lot of funds in the account of Hengyu Supermarket Group, which is enough to support the expansion of Xuelan Supermarket.

In the first three quarters of this year, the turnover of Hengyu Supermarket Group has exceeded 150 billion U.S. dollars, and it is expected to exceed 200 billion U.S. dollars for the whole year.

If Kmart in the United States does not have a big increase this year, Hengyu Supermarket Group is likely to surpass them, leaving only Sears in front.

However, to catch up with Sears, Hengyu Supermarket Group estimates that it will take a few years. Sears this year is too demonic. After changing the president from Sears, the turnover continued to soar. Last year it was 270 billion US dollars. The turnover has reached 350 billion in the first three quarters of this year, and the annual revenue is expected to be more than 470 billion US dollars.

The distance between Wal-Mart and Hengyu Supermarket Group is getting farther and farther. In the first three quarters, Wal-Mart’s revenue was only 90 billion U.S. dollars, and it is expected to be around 130 billion U.S. dollars this year.

And if Xuelan Supermarket expands rapidly, it will make Hengyu Supermarket Group rank first in the world in terms of revenue quickly. This is a huge honor, and this is what the top management of Hengyu Supermarket Group has been striving for.

It's a pity that they don't know in the future that Li Guangyu will divide Hengyu Supermarket Group into four in the future, Hengyu Supermarket will remain in Hengyu Supermarket Group, 7-11 will become an independent convenience store chain group, and Shenandoah Retail Supermarket will also become an independent supermarket chain. group.

Hengyu Logistics has also become an independent group, specializing in logistics services for the entire Lee consortium, which will also integrate Xiangjiang Freight Company and Wheelock Shipping Company.

In the future, the Wheelock Group will mainly be the Wheelock Plaza, and the fleet hangs there rather abruptly. It is better to integrate it into the logistics side.

At that time, these three major retailers plus South China Electric retail will be the biggest cash flow pillar of the Li's consortium. The only advantage of these groups under the Li's consortium is that they don't need to worry about rising housing prices. Li Guangyu has basically bought these stores by himself. down.

After these high-level speeches, Li Guangyu said aloud: "I know that the group wants money and people now, and I can understand your eagerness to seize the market. It's just that Xuelan Supermarket is different from 7-11 and also different from [-]-[-]." For Hengyu Supermarket, due to the particularity of the membership system, we need to understand the local market in detail before selecting a site for construction. Expansion should not be too hasty.

This year, I propose to establish eight more in North America, four in Asia, and four in Western Europe. After these are put into use, a new round of expansion will be carried out. "

Li Guangyu knew very well that if he did not set a limit on the quantity, Li Xuelan and the senior management of Hengyu Supermarket Group would probably follow Fujiwara Huiyin's example. They could make hundreds of stores at once, and the funds in the account of Hengyu Supermarket Group were very strong.

In the first three quarters, the profit of Hengyu Supermarket Group exceeded 25 billion U.S. dollars. There is no limit, and they can plan the money.

You must know that after the annual year-end summary, their profits have to be handed over. The major groups are now trying to get expansion funds from Li Guangyu, so as not to hand over all the profits of the group.

Li Xuelan and the others heard Li Guangyu's restrictions, although they were a little disappointed, but they still agreed. Li Guangyu had already made a decision, and it was useless for them to object.

Fang Ruoqiang, executive vice president of Hengyu Supermarket Group, said: "Sheng Li, at present our supermarkets can expand to inland provincial capitals in mainland China, but this poses a considerable challenge to our supply. This involves storage bases. Do we need each provincial capital? Build a storage center?"

Now the senior management of Hengyu Supermarket Group is also in a difficult situation. Every provincial capital will be built, and only serve a few stores in the provincial capital. The cost is too high. If it is not built, the distribution of goods will not be able to keep up with the current traffic in the mainland.

……

(End of this chapter)