China's Retail Industry Will Accelerate The Pace Of Restructuring, And Retailers Are Expected To Become "Leaders".

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< p > up to the beginning of December 2013, there were no more than 21 mergers and acquisitions in China's "a href=" //www.sjfzxm.com/ "retail > /a" market, showing an explosive growth. Among them, China China Resources Enterprise Ltd and Tesco purchase a joint venture in accordance with the "82 share" shares, integrating Huarun's 2986 stores with Tesco's 134 stores and shopping centers in China, becoming a landmark event for China's retail enterprises to integrate foreign retail giants for more than 10 years after China's accession to the WTO. < /p >
< p > in addition to these 21 "a href=" //www.sjfzxm.com/ "M & amp; /a > transactions, Li Jiacheng" sell first and then stop ". The case of parkshop supermarket, Beijing Wumart cross cross share purchase, and the end of the bee lotus ended up in the market, which also agitated the nerves of the market and left many reflections in the industry. < /p >
< p > experts point out that compared with the wave of M & A integration from 2006 to 2010, the merger and consolidation tide of China's retail industry in 2013 showed some new characteristics: horizontal and horizontal mergers and acquisitions; the majority of local retail enterprises were merging with foreign capital companies; the equity trading mode started at the beginning; strong and strong alliance became the first choice; regional retail market was concentrated; the mode of merger and acquisition was active, and the integration of online and offline channels was emphasized. Among them, local retail enterprises and foreign retail enterprises have taken offensive and defensive translocation in the overall M & a situation, which is considered by the industry to be the most prominent feature of the merger and integration in the year. < /p >
< p > experts believe that this year and the next two or three years, China's "a href=" //www.sjfzxm.com/ "retail > /a" trend of merger and acquisition will have 3 characteristics: first, strong mergers and acquisitions will continue, and a large number of large enterprises will have a significant market share. The two is the integration of offline business entities to online business enterprises will become a hot spot. Three, the merger and acquisition between local retail enterprises and foreign-funded enterprises will be more intense. The integration of the two will profoundly affect the competition pattern of China's retail market. < /p >
< p > some other experts emphasize that mergers and acquisitions must pursue integration to achieve a high standard of operation so as to achieve better capital returns, not just for scale expansion. The future competition will shift from single enterprise competition to supply chain competition. Therefore, mergers and acquisitions of retailers must consider the optimization of the entire supply chain, while focusing on the cultural integration of both sides, so as to stimulate the greatest synergy effect. For example, the merger and acquisition of the 36 stores in Beijing, including the acquisition of Hunan and Guangdong, highlights the importance of the integration of retail culture and supply chain integration. < /p >
< p > in addition to the above 3 characteristics, according to the semi annual report of China's Retail Listed Companies in 2013, half of the supermarket's profit growth declined, but the regional retail chain enterprises such as BBK, Gao Xin retail, Wuming business, Yonghui supermarket and other regional retail chains had a good profit growth, of which BBK's net profit increased by 21.28% compared to the previous year, while Yonghui supermarket's profit increased by 102.37%. This phenomenon has been going on for many years. Compared with the national chain retail enterprises, the advantage of regional retail chain enterprises in the development speed and efficiency has been appearing year by year. < /p >
< p > for this reason, some experts commented that retail industry is a highly localized industry. The regional chain retail companies has no advantage in localization because of its locality. In addition, leading competitors occupy the location of gold shops. Centralized shops in the region can save distribution costs and management costs, and a number of shops in an administrative division may enjoy a unified tax policy. All these advantages make the regional chain retailers become an objective condition for developing "leaders". Of course, subjective efforts are also important, opportunities only favor those who are prepared to dance with good company. In the past, there was a mindset in the domestic retail industry. The bigger the chain business was, the stronger it was. The scale and the advanced of WAL-MART became the dream of business people. The idea of being bigger and stronger is correct, but understanding is not absolute. Today, a number of regional chain retail companies in China have proved by practice that they can win as long as they are well done and small in scale. In August 7, 2013, the website of the times weekly called WinCo, a small supermarket chain in Idaho, called WAL-MART's nightmare. Because this regional small supermarket chain often sells at a price lower than that of WAL-MART, and the employee welfare and labor relations are much better than the latter, which has aroused the concern of WAL-MART and thus has sounded the alarm for the global retail giant. < /p >