Extraordinary Genius

Chapter 646: Supermarkets Have Competitors

It was a pleasure to meet and communicate for the first time. Even Liu Yonghao felt that whether or not Feng Yu joined Minsheng Bank, but Feng Yu said he wanted to participate in the glorious cause, that was enough.

Ultimately, however, this decision is not in Liu Yonghao's hands. Although Liu Yonghao is one of the sponsors, the ultimate decision is still made by the State.

Feng Yu was not in a hurry. It would have been better if he had dragged it to 98 years. Now it's obviously not a good time to invest, but after 98 years, he would have made a fortune in the Asian financial storm, and then he would have had the money to throw it in.

Besides, he also asked, if this Minsheng Bank wants to be established, it may not be possible next year, and it may be 96 years sooner. Then Feng Yu should let others invest first, and then wait for 1998 to join the stock. He wanted to borrow money from Minsheng Bank, at least not in the short term.

In order to expand, Taihua Supermarket has to look for other bank loans. Feng Yu, a domestic bank, contacted them and paid them to contact Xiangjiang's bank, and finally saw who could talk about higher loans and better conditions, which way to start lending.

However, Feng Yu remembered the previous life of Li Zeyuan loan. With a project, he can borrow a huge amount of money from the sky. This time, it should be fine. After all, there are shares of Li Superman in this Taihua supermarket.

Feng Yu believes that funding is not the most important thing at the moment, and the most important thing is to select a location, open a store, and avoid other competitors.

At this time, some supermarket prototypes in previous life already have several in China. For example, Hualian or something, it registered earlier than Taihua supermarket, but the size is small. The product types, service attitudes, cargo placement, advertising, marketing methods, etc. are all very different from Taihua supermarket. Hualian also needs to be a supermarket, but it can only be a mall of choice.

It has to be said that a good location is important, and that there is a certain stable customer base, which is also very important.

Just in Mortuary, the supermarket of Hualian, it has a great impact on the development of the Taihua supermarket. They only have two stores at the moment, but the sales are not low.

But since Taihua Supermarket opened in Mundu, and there have been two stores, Hualian Supermarket sales have begun to decline, and this month is even more evident.

Feng Yu's strategy is to steal Hualian's market. After all, Hualian's management model, mode of operation, as well as the placement of goods, delivery channels, sales area and other aspects, cannot be compared to Taihua supermarket. Even the supermarket buildings are such old buildings. Outside the wires go from above, messy, where is Taihua supermarket looking so clean and atmospheric.

The manager of Mortu also started digging people from Hualian supermarket, which was originally higher than Hualian's wages, not to mention better treatment, and a clear path to promotion.

Upon joining Taihua Supermarket, you will be told that there will be many new stores to open in order for Taihua Supermarket to continue to expand. By then, if they go to a new store, they'll basically be able to raise their wages and become leaders.

And the new store is not necessarily far from all the demons, it can be in Suhang, or it can be in the demons, maybe it is closer to home.

Taihua Supermarket also has better channels, cheaper purchase prices, sends people to Hualian to see each other's prices, and then sells them at lower prices.

At first, Feng Yu thought that the profit of the supermarket would not be too high. Twenty percent would be the top of the day, but when it really opened up, he realized that the profit of the supermarket at this time was too high.

For example, a pair of stockings sells at the mall for ten dollars, and the purchase price is just over three dollars. The Taihua supermarket sells eight dollars a pair, and the profit doubles.

There is also the domestically produced Great Wall dry red wine, which is sold in stores for over $20 a bottle, but the purchase price of Taihua supermarket is less than $10, selling $18 a bottle is enough to get many people to come to Taihua supermarket to buy it.

Those imported goods are more profitable. Companies with import channels specialize in high prices, often several times more profitable, when people like foreign products.

And even though the price is much cheaper, Taihua still has more than doubled its profit.

Whatever the big pieces, everything at Taihua Supermarket is very cheap, even eggs are cheaper than farmers' markets, but profits are not low at all.

Combined with good publicity, passenger traffic is very high, which means that two stores in Mundu, many people from other districts, rush to shop from afar, because the goods in Taihua supermarket are on average more than 10 percent cheaper than outside, and some are more than 20 percent cheaper.

Profitability is not low on its own, coupled with a slow increase in sales, daily promotions, and so on, making Taihua Supermarket's turnover go up every week.

The explosion in the Taihua supermarket has made it harder for the UAE. This is exactly what Pai Guang was looking for. He looked at the Hualian section. If he bought over two Hualian supermarkets, and rebuilt a new mall there, he would surely boom his business. Even though it takes months to get around, it's a good deal compared to future profits, not to mention the removal of a future competitor.

Not only Magic City, in Beijing, Ice City, Jinmen, Shencheng, Jinling and other cities, there are original shopping malls, to be transformed into supermarkets, or supermarkets, obviously, the scene of the explosion of Taihua supermarket, red eyes.

In Ice City, for example, a shopping mall named Chunglan appeared, and on the bottom two floors, a large supermarket was also planned. Even the location and spacing of the shelves were identical to that of the Taihua supermarket, which was clearly imitated.

Feng Yu called Zhang Ruiqiang and asked him what was going on. I was going to buy this place and you didn't sell it. Didn't you say you were going to open a department store? What's going on with this Central Lane supermarket?

Zhang Ruiqiang was embarrassed to say that this was made below and he was not sure. By the time he finds out, the plan's over. Even the shelves are booked. Can't they be dismantled? Besides, a supermarket can't take away the business of Taihua supermarket, so don't make Feng Yu too considerate.

Feng Yu will not compare. In cities such as Magic Duo and Pengcheng and Yangcheng, others have already opened their own shopping malls. Taihua supermarkets can all later rise and take over the market. Don't say that in Iceland, Chunglan is just a follow wind.

Just in time the mall is in a very good location, and I was thinking about buying it. There is a certain source of customers in itself, plus the brands of Taihua Supermarket, you certainly won't have to worry about it after opening.

The promotion of the Taihua supermarket is very strong, and many people are curious, and they see the Taihua supermarket on the news and wonder what it really is. Once inside, all kinds of promotional merchandise are much cheaper than they usually know, which in turn stimulates their desire to buy.

The launch of shopping and membership cards has retained a large number of customers. Needless to say, grain and oil stores, food markets, retail stores, snack shops, etc. near Taihua supermarket are suddenly not as good as before. The surrounding clothing malls, etc. do business better than before.

This time, Fu Guangzheng, what they are looking at is where others have already opened up, and their decision now is two words - merger!