Shulou(Shulou.com)11/24 Report--

At noon on March 10, the retail market is welcoming the change between the old and the new. Wal-Mart Jianguo Road store ended its 16-year operation on the 7th of this month, where it will open a paid box horse X member store, which is expected to open by the end of this year.

According to informed sources, the new store, with a business area of more than 19000 square meters, will start renovation in May. After opening at the end of the year, the store will not only meet the shopping needs of consumers in the Dawang Road plate, but will also attract consumers in the eastern section of Jianguo Road.

The store is adjacent to the top Beijing SKP in the mall and is expected to attract a large number of Beijing's most powerful users.

Box Horse X member Store, a membership store under Box Horse, is the first Chinese brand in the warehouse member store racetrack. The first store opened in Shanghai in October 2020.

So far, the Box Horse X member store has opened nine stores in China, with nearly 3 million paying users. Dawang Road Store is the second Box Horse X member store in Beijing. The first store in Beijing, located in the World Flower Holiday Plaza in Yizhuang Development Zone, opened in June 2021.

As for the future trend of the member store track, Zhuang Shuai, founder of Bailian Consulting, said: "with the reshuffle of traditional merchant supermarkets and the concentrated expiration of 20-year leases, some more attractive commercial complexes will enter the line of sight of retail rookies. China's new retailer Chao, represented by Box Horse, has the opportunity to take advantage of the industry reshuffle to accelerate upgrading."

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